KAIO

What KAIO does

KAIO is an Abu Dhabi-headquartered institutional-grade RWA tokenization protocol operating through a sovereign AppChain and regulated fund manager Conduit Asset Management Pte. Ltd. (MAS-licensed in Singapore). The company — founded in 2024 as Libre Capital and rebranded to KAIO in July 2025 — tokenizes and distributes institutional investment products from marquee asset managers (BlackRock, Hamilton Lane, Brevan Howard, Laser Digital/Nomura, Mubadala Capital) across more than ten blockchain networks including Sei, Sui, Hedera, Injective, Polygon, Solana, Aptos, Avalanche, and TON. LayerZero's Omnichain Fungible Token standard maintains a single unified supply across chains, while Chainlink's NAVLink delivers real-time on-chain NAV.

KAIO currently operates four tokenized fund products: CASH (BlackRock ICS US Dollar Liquidity Fund, $43.8M TVL, $100 minimum, daily liquidity), SCOPE (Hamilton Lane Senior Credit Opportunities Fund, $14M TVL, $10,000 minimum, monthly liquidity), VOLT (Laser Digital Carry Fund, $15.4M TVL, monthly liquidity), and MACRO (Brevan Howard Master Fund, $14.3M TVL). The platform has processed over $500M in cumulative fund transactions and currently manages approximately $100M AUM (April 2026). Two pipeline products — KASH, a retail-accessible yield wrapper targeting up to 8% annualized yield, and a forthcoming Mubadala Capital private-markets fund — extend the addressable market beyond institutional investors.

The business model is anchored on fund management and infrastructure/tokenization fees routed through Conduit Asset Management. Distribution is split between an enterprise field-sales motion (direct request-access for institutional and accredited investors) and an omnichain API-first delivery layer embedding KAIO assets as collateral in DeFi protocols such as Aave Labs Horizon and TruYields. The company has raised $19M in total funding, including a strategic $8M round led by Tether in April 2026. Geographic operations span the UK (London), UAE (Abu Dhabi ADGM), and Singapore, with regulatory compliance via MAS and CIMA frameworks; institutional distribution is restricted in the US, Canada, and FATF-blacklisted jurisdictions.

Name

KAIO

Legal name

LibreCo Limited

Website

https://kaio.xyz

Company type

Private

Founded year

2024

Operating status

Operating

Headcount range

1–10 employees

Short description

KAIO is an Abu Dhabi-headquartered protocol that tokenizes institutional investment funds from BlackRock, Hamilton Lane, Brevan Howard, Laser Digital, and Mubadala Capital, distributing them across 10+ blockchain networks for accredited institutional, and via KASH, eligible retail investors.

Ownership category

akta.pro rank

Product category

Tokenized Real-World Asset Infrastructure

NAICS

Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523), Other Financial Investment Activities (5239)

SIC

Finance Services (6199), Security & Commodity Brokers, Dealers, Exchanges & Services (6200)

akta.pro primary industry

Tokenization Platforms (RWA, Securities, Funds) (FSAGAMAA)

akta.pro secondary industries

RWA Tokenization Platforms (asset onboarding, structuring, issuance) (FSAPAIAC), Tokenized Securities & Capital Markets (Equity, Debt, Funds) (FSADAEAA)

Keywords

• Tokenized real-world assets
• Blockchain fund infrastructure
• RWA protocol
• Tokenized institutional funds
• Onchain asset tokenization

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Software

Cost components

Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Fund Management Fees: KAIO operates through regulated fund manager Conduit Asset Management Pte. Ltd., which is the investment manager for listed funds. Fees likely include management and performance fees on tokenized fund products distributed on the platform.
2. Infrastructure/Tokenization Fees: Revenue generated from tokenizing and distributing institutional fund products on behalf of asset managers (BlackRock, Hamilton Lane, Brevan Howard, Laser Digital) across blockchain networks

Pricing tiers

Go-to-market motion2 records

Distribution channels7 records

Marketing channels8 records

Core offering

KAIO operates a sovereign AppChain protocol purpose-built for Real-World Assets (RWAs), enabling institutional fund managers (BlackRock, Hamilton Lane, Brevan Howard, Laser Digital/Nomura) to tokenize, distribute, and compose regulated investment funds across 10+ blockchain networks. The platform offers four live tokenized fund products (CASH, SCOPE, VOLT, MACRO) for institutional and accredited investors, plus the upcoming KASH single-token wrapper democratizing institutional yield for retail investors.

Product overview

KAIO is a protocol purpose-built for Real-World Assets (RWAs), providing the infrastructure for institutional funds to operate onchain with seamless compliance, interoperability, and liquidity access. The platform operates through a sovereign AppChain architecture and offers four currently active tokenized fund products: CASH (BlackRock ICS US Dollar Liquidity Fund - money market), SCOPE (Hamilton Lane Senior Credit Opportunities Fund - private credit), VOLT (Laser Digital Carry Fund - crypto basis), and MACRO (Brevan Howard Master Fund - hedge fund). Upcoming products include KASH (a single-token wrapper democratizing institutional RWA yield for retail) and a Mubadala Capital fund. The platform enables cross-chain distribution across multiple blockchain networks, DeFi composability, and compliance-embedded tokenization for institutional investors. Total Value Locked: $87.5M. Total assets tokenized: $200M+. Cumulative transactions processed: $500M+.

Differentiator

Problem solved

Functional benefit

Brands

• KASH: A yield-bearing token that provides exposure to a diversified basket of institutional funds from BlackRock, Hamilton Lane, and Laser Digital. Targets up to 8% annualized yield uncorrelated to crypto markets.
• KAIO Chain

Products and services

• KAIO Chain (Sovereign AppChain) KAIO's sovereign AppChain purpose-built for RWAs ensuring seamless movement, compliance, and liquidity in DeFi. The infrastructure layer enabling tokenized fund issuance, distribution, and cross-chain interoperability across multiple blockchain networks.
• CASH (BlackRock ICS US Dollar Liquidity Fund) Tokenized version of BlackRock ICS US Dollar Liquidity Fund investing in high credit quality fixed income securities and money market instruments. Provides institutional-grade money market exposure with daily liquidity and $100 minimum investment. For institutional and accredited investors only.
• SCOPE (Hamilton Lane Senior Credit Opportunities Fund) Tokenized version of Hamilton Lane's evergreen senior secured private credit fund targeting downside protection and yield. Provides monthly liquidity with $10,000 minimum investment. For institutional and accredited investors only.
• VOLT (Laser Digital Carry Fund) Tokenized feeder fund providing exposure to market-neutral digital asset strategy combining delta-hedged futures with staking yield overlay. Aims to deliver stable, risk-adjusted returns across varying market conditions with monthly liquidity and $10,000 minimum. For institutional and accredited investors only.
• MACRO (Brevan Howard Master Fund) Tokenized version of Brevan Howard Master Fund generating consistent long-term appreciation through active leveraged trading on global fixed income and FX markets using global macro and relative value trading strategies. Monthly liquidity with $10,000 minimum. For institutional and accredited investors only.
• KASH Single-token wrapper offering diversified exposure to a basket of institutional funds from BlackRock, Hamilton Lane, and Laser Digital. Targets up to 8% annualized yield uncorrelated to crypto markets with permissionless transferability and DeFi composability. Democratizes institutional yield for eligible retail investors excluding US, Canada, and FATF-blacklisted jurisdictions.
• KAIO Token KAIO's native protocol token enabling governance, staking, and access to protocol features across the sovereign RWA AppChain ecosystem.

Quantifiable outcome

• Processed over $500M in cumulative fund transactions since launch
• +4 more outcomes

Named customers5 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

Feature6 records

Partnerships

Twelve partnerships are on record, tiered core and minor.

• First Abu Dhabi BankcoreStrategic or Co-development Partner · 10 December 2025Partnership to explore RWA collateralized lending. First Abu Dhabi Bank joined tokenization firm Libre for collateralized lending initiatives, revolutionizing on-chain NAV financing.
• Mubadala CapitalcoreStrategic or Co-development Partner · 9 December 2025Collaboration to explore tokenized access to Mubadala Capital's private market investment strategies for qualified institutional and accredited investors. Part of Mubadala's effort to enhance efficiency and investor experience across private markets. Abu Dhabi's sovereign wealth arm managing $385B in assets.
• TruYieldscoreStrategic or Co-development Partner · 22 October 2025Strategic partnership focused on expanding access to institutional-grade RWA yield through on-chain infrastructure. KAIO's fund products integrated into TruYields' yield engine for institutional users. TruCore initiative combining institutional yield with tokenized RWA infrastructure.
• Sei NetworkcoreTechnology or Integration · 15 October 2025Layer 1 blockchain integration enabling tokenized fund distribution. BlackRock ICS US Dollar Liquidity Fund, Hamilton Lane SCOPE, Brevan Howard Master Fund, and Laser Carry Fund launched on Sei. Sei provides high-performance rails and user-centric design for institutional settlement.
• Aave LabscoreStrategic or Co-development Partner · 27 August 2025KAIO participates in Aave Horizon institutional platform enabling stablecoin borrowing against tokenized RWAs. Horizon x KAIO enables native on-chain RWA architecture with one-click liquidity access without wrapping or technical workarounds.
• Hedera NetworkcoreTechnology or Integration · 6 August 2025High-performance, sustainable DLT integration bringing three major institutional funds (LCF, BlackRock ICS, Brevan Howard Master Fund) on-chain. Hedera's low cost, high-throughput performance enables secure, compliant tokenized fund distribution.
• WebN GroupcoreOthers · 30 July 2025Incubated KAIO alongside Laser Digital (Nomura). WebN Group contributed to the founding and development of KAIO.
• ChainlinkcoreTechnology or Integration · 30 July 2025Cross-Chain Interoperability Protocol (CCIP), Proof of Reserve, and Smart Data products provide onchain reserve and NAV data for tokenized funds. Chainlink's NAVLink enables automated NAV delivery for RWA collateral valuation.
• MANTRAminorStrategic or Co-development Partner · 30 July 2025Partnership to open on-chain access to institutional money market fund, expanding institutional RWA tokenization.
• LayerZerocoreTechnology or Integration · 3 April 2025Omnichain messaging infrastructure integration enabling tokenized assets to exist on 120+ blockchains with single unified supply. LayerZero's Omnichain Fungible Token standard eliminates liquidity fragmentation.
• InjectivecoreTechnology or Integration · 4 March 2025Web3 protocol for fund issuance and distribution on Injective blockchain. Enables institutional investors to access regulated, on-chain investment funds including LCF with secondary market, portfolio margining, and borrow/lend capabilities.
• Sui NetworkcoreTechnology or Integration · 6 February 2025Libre Gateway launch on Sui enabling institutional and accredited investors access to alternative funds including LCF. Leverages Move-based infrastructure for collateralized lending and capital-efficient DeFi integrations.

Scale indicators9 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Ondo Finance: Ondo Finance is the leading RWA tokenization protocol offering institutional-grade yield products (OUSG, USDY) on public chains. Highly comparable to KAIO: both tokenize traditional yield-bearing products for on-chain distribution. Notably, KAIO's CTO Dr. Pinku Surana co-founded Ondo, creating a direct talent lineage and product overlap.
• Securitize: Securitize provides end-to-end tokenization infrastructure for regulated securities, including issuance, transfer agent, and on-chain cap table management. Comparable to KAIO in serving institutional issuers (BlackRock, KKR-affiliated products) seeking compliant tokenization rails, with a focus on regulated securities workflows.
• Centrifuge: Centrifuge is an RWA protocol focused on tokenizing receivables and private credit for institutional and DeFi use. Directly comparable to KAIO's SCOPE (Hamilton Lane private credit) on-chain product, both bringing institutional credit exposure to public chains with DeFi composability.
• Maple Finance: Maple Finance is an institutional on-chain credit marketplace that originates and tokenizes loans for crypto-native institutions. Comparable to KAIO in bridging institutional capital with on-chain infrastructure, particularly via syndicated lending and credit structuring.
• Plume Network: Plume Network is an EVM-compatible L2 purpose-built for real-world asset tokenization, offering a full-stack RWA infrastructure including onboarding, compliance, and distribution tooling. Comparable to KAIO in targeting the regulated RWA issuer-and-distributor market with a chain-native architecture.
• Backed Finance: Backed Finance issues tokenized securities tracking traditional assets (equities, bonds) on public chains under EU MiCAR and Swiss regulation. Comparable to KAIO's regulated tokenization model for institutional-grade products, though Backed focuses on publicly traded securities while KAIO focuses on private funds.
• Swarm Markets: Swarm Markets is a BaFin-regulated German platform offering tokenized stocks, ETFs, and commodities on-chain. Comparable to KAIO's regulated tokenization-and-distribution model for institutional-grade assets, though Swarm is more retail/brokerage-oriented while KAIO is institutional.
• TrueFi: TrueFi is an on-chain institutional credit protocol offering undercollateralized loans and yield products. Comparable to KAIO's VOLT and SCOPE in targeting institutional yield on-chain, though TrueFi is credit-origination focused while KAIO distributes existing third-party funds.

Broad incumbents

• Polymesh: Polymesh is a purpose-built, permissioned blockchain for regulated securities, offering issuance, identity, and compliance primitives. Comparable to KAIO's regulated-securities RWA focus, but Polymesh is a chain vendor while KAIO is an application-layer distribution and structuring layer.

Others

• Hadron by Tether: Hadron is Tether's tokenization platform for real-world assets, providing issuance, management, and compliance tooling. Comparable to KAIO as a Tether-affiliated RWA infrastructure platform — strategically interesting given Tether's $8M strategic investment in KAIO and overlapping vision of programmable institutional assets.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/KAIO_xyz
• LinkedInlinkedin.com/company/kaioxyz

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds2 records

Investors9 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about KAIO