KAIO secures $8 million funding from Tether for blockchain infrastructure development
Here's what it means for you.
This funding positions KAIO to enhance access to financial products through blockchain technology.
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.
- Investor accessibility: The firm aims to lower the entry barrier for investors with $100 ticket offerings.
- Stablecoin leader: Tether is the issuer of the world's 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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KAIO Secures $8M From Tether and Systemic Ventures to Build Onchain Asset Distribution in UAE
KAIO, a UAE-based tokenization firm, has secured $8 million in funding from Tether and Systemic Ventures to develop on-chain asset distribution infrastructure. This investment aims to facilitate the distribution of institutional funds using blockchai...
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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...