Tether backs UAE tokenization firm KAIO in $8M funding round to bring Emirati funds onchain
CoinDesk·2h ago·Positivity
What Happened
Abu Dhabi-regulated tokenization firm KAIO raised $8 million in funding led by Tether and institutional investors. The round, bringing total funding to $19 million, supports KAIO's infrastructure enabling traditional funds on blockchain. The firm packages products from BlackRock and others, targeting $100 minimum investments for retail users. KAIO plans expanding into credit and ETFs with Mubadala Capital partnership.
Key Entities
KAIOTetherAbu DhabiMubadala CapitalBlackRockBrevan HowardUSDTSystemic VenturesFurther VenturesLaser Digital