KAIO secures $8 million funding from Tether for blockchain asset distribution
Here's what it means for you.
This funding could democratize access to blockchain investments for a broader range of investors.
What happened
KAIO secured $8 million in funding from Tether to develop on-chain asset distribution.
The Context
- Total funding: KAIO's total funding now stands at $19 million.
- Investment accessibility: The firm aims to lower the entry barrier for investors with $100 ticket offerings.
- Stablecoin leader: Tether is the issuer of the largest stablecoin, USDT.
Takeaway
The funding could position KAIO as a leader in on-chain asset distribution in the UAE.
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Tokenization firm KAIO raises $8m from Tether to scale on-chain funds
KAIO, a tokenization firm based in Abu Dhabi, has successfully raised $8 million in a funding round led by Tether, bringing its total funding to $19 million. This investment aims to facilitate the development of on-chain funds, allowing for lower ent...
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Tether backs UAE tokenization firm KAIO in $8M funding round to bring Emirati funds onchain
Tether has invested $8 million in KAIO, a tokenization firm based in Abu Dhabi, to enhance the infrastructure for distributing institutional funds on blockchain technology. This funding aims to lower the entry barriers for investors looking to access...