Tether joins $8 million strategic funding round in RWA firm Kaio
The Block
Tether has participated in an $8 million strategic funding round for Kaio, a UAE-based real-world asset firm.Summary
Kaio, a United Arab Emirates-based firm specializing in real-world assets (RWA), has raised $8 million in a strategic funding round featuring participation from Tether and Systemic Ventures. The company aims to use these funds to expand its on-chain infrastructure, which provides users with access to institutional-grade products like "bluechip funds" from managers such as BlackRock and Hamilton Lane. With a total of $19 million raised to date, Kaio continues to bridge traditional finance and crypto markets by tokenizing assets, currently reporting $108.5 million in assets under management.
(Source：The Block)