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Tether invests $8 million in RWA firm Kaio
The Block·
Tether has participated in an $8 million strategic funding round for Kaio, a firm focused on Real World Assets (RWA). Tether CEO Paolo Ardoino highlighted Kaio's potential to create new avenues for capital formation and investment. This move signifies Tether's expanding interest beyond stablecoins into innovative financial infrastructure. The investment underscores a growing trend of established crypto entities exploring traditional finance integration through tokenized assets.
Tags
fintech
funding
crypto
Original Source
The Block — theblock.co