Nomura Group's KAIO, a financial services subsidiary, has announced the issuance of a governance token, targeting the $30 trillion RWA track.
BlockBeats News, April 30th, the RWA Tokenization Protocol KAIO officially announced the launch of the governance token KAIO, with a total fixed supply of 10 billion tokens, and simultaneously established the KAIO Foundation, responsible for ecosystem governance, treasury management, and protocol development.
KAIO, hatched by Nomura Group's digital asset division Laser Digital, has received strategic investments from Tether (the world's largest stablecoin issuer), BH Digital Assets, Further, and other institutions. The platform currently has 5 institutional-grade funds online, with a TVL of approximately $100 million, spanning over 10 blockchains. Supported asset managers include BlackRock, Brevan Howard, Hamilton Lane, and Laser Digital, and a partnership with Mubadala Capital is expected to be announced soon.
Regarding token distribution, the community and liquidity incentives account for the highest proportion at 37.5%; the foundation holds 17%; and the team, investors, and Pre-TGE sale collectively account for 45.5%, with a zero lock-up ratio on the TGE day. Unlocking is subject to a 6 to 12-month cliff period, followed by linear monthly releases, with a maximum cycle of 60 months.
The core use cases of the token include: protocol product access rights, participating in staking for rewards, and governance voting rights on key protocol decisions and treasury allocations. The protocol will generate revenue through basis point fees on tokenized assets, but token holders do not have legal rights to fee distribution.
The KASH product targeting retail users is planned to launch in the second quarter of 2026, aiming to provide ordinary users with RWA exposure.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Warning of AI credit risk, Moody's: The off-balance sheet commitments of the five major US giants have increased eightfold in three years, soaring to $2.8 trillion.
According to a report by Moody’s Ratings, the five companies Amazon, Microsoft, Google, Meta, and Oracle collectively bear about $2.8 trillion in off-balance-sheet obligations related to AI. Among these, lease commitments exceed $1 trillion, purchase commitments total $1.57 trillion, and guarantees amount to $137 billion. This figure represents explosive growth compared to $350 billion in 2023. Moody’s analysts noted that the pace of growth for these commitments is even more noteworthy.
Nasdaq activates Pyth as its new distribution channel for core market data.
Debt risk rises, triggering a hedging wave! Nvidia (NVDA.US) CDS becomes one of the most active instruments in the US market
As investors seek to hedge debt exposure, derivatives related to Nvidia have now become one of the most actively traded instruments in the US credit default swap (CDS) market.
Crypto prices
More
