Tokenized RWAs Could Be Crypto’s Biggest Long-Term Opportunity w/ Olivier Dang
Kayo is tokenizing institutional funds to bring traditional asset managers on-chain—exploring multi-chain gateways, KYC limits, and adoption barriers.
Key Takeaways
- Kayo tokenizes institutional funds (BlackRock money market, hedge and private-credit funds, Mubadala) to unlock retail access and replicate fund returns with low minimums and ~$100M TVL.
- Chain-agnostic multi-chain gateway supports Near, Sui, Immutable, Aptos, Ethereum, Hedera; new chains can be added in weeks and distribution follows buyer demand.
- Institutional products require KYC and distribution via exchanges, retail apps, and intermediaries; non-KYC crypto wrappers are being explored but not for these regulated funds.
- Regulatory issues are largely settled; main barriers are legacy integrations, technical onboarding, and the need for distribution and institutional credibility.
- Adoption will be gradual: cultural resistance from incumbents and sales teams slows change, while younger investors and aggregators will drive long-term demand.
- Kayo raised nearly $20M, targets asset managers through institutional trust and B2B2C distribution, and plans to match niche managers to local distributor needs.
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Tokenized RWAs Could Be Crypto’s Biggest Long-Term Opportunity w/ Olivier Dang
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