KAIO, the tokenization agency backed by Brevan Howard and Nomura Financial institution’s crypto-focused Laser Digital, is bringing its tokenized funds to the Sei community (SEI) as real-world asset demand is increasing.
The agency, previously referred to as Libre Capital, has issued over $200 million in belongings, together with token variations of feeder funds of Brevan Howard, Hamilton Lane, Laser Digital and a BlackRock funds, with plans to broaden entry to further methods. The tokens, obtainable to institutional and accredited traders, enable for onchain subscription, redemption and reporting.
The Sei Community, constructed for high-speed monetary transactions, offers the underlying rails for execution. KAIO’s enlargement follows ARK-backed tokenization agency Securitize introducing the $112 million Apollo Diversified Credit score Fund, a tokenized feeder fund of Apollo’s personal credit score car, to Sei.
The announcement highlights a rising development in tokenized real-world belongings (RWAs), the place conventional investments like bonds, credit score and funds are represented as digital tokens. The method guarantees quicker settlements, around-the-clock buying and selling and potential to combine with sensible contracts and plug into decentralized finance (DeFi). Business estimates challenge the overall addressable marketplace for tokenized RWAs within the trillions of {dollars}.
With KAIO’s integration with Sei, beginning with tokens representing shares within the BlackRock ICS US Greenback Liquidity Fund and Brevan Howard Grasp Fund, will let traders use tokens inside DeFi functions as collateral, liquidity reserves or yield-bearing belongings, providing extra flexibility in how institutional capital strikes onchain.
Justin Barlow, govt director of the Sei Growth Basis, framed Kaio’s enlargement as a key milestone for Sei towards its ambition to “turn into the institutional settlement layer for all digital belongings.”
“By utilizing the Sei Community, we’re bringing composable entry to main fund methods solely onchain,” Olivier Dang, COO of KAIO, stated in an announcement. “It’s the muse for real-time, programmable, monetary infrastructure constructed for the subsequent period of capital markets.”
Learn extra: ‘Tokenization Is Going to Eat the Total Monetary System’ Says Robinhood CEO