Tether backs UAE tokenization firm KAIO in $8M funding round to bring Emirati funds onchain

The Abu Dhabi regulated firm build infrastruture to distribute insitutional funds on blockchain rails, lowering entry barrier for investors. What to know : Abu Dhabi-regulated tokenization firm KAIO raised $8 million in a strategic round led by Tether and other crypto and institutional investors, bringing its total funding to $19 million. KAIO builds infrastructure that lets asset managers tokenize and distribute institutional funds on blockchains, packaging products from firms such as BlackRock, Brevan Howard and Hamilton Lane with minimum investments starting at $100. The company plans to expand into credit, structured products and ETFs, launch an onchain fund with Mubadala Capital, and channel USDT stablecoin liquidity into regulated investment products, while managing about $100 million in assets and having processed more than $500 million in transactions.(Coindesk)