Kaio co-founder and CEO Shrey Rastogi said the tokenization protocol has launched a fund with Mubadala Capital, the alternatives arm of Abu Dhabi’s sovereign wealth fund, and moved about $75 million onchain across Base, Solana, and Sui. Speaking on an episode of Unchained Premium with Laura, Rastogi said Coinbase is holding part of its treasury in the fund and described how Kaio embeds jurisdictional restrictions and know-your-customer checks directly into its smart contract system. He also argued that tokenized real-world assets remain in the early stages, putting the market at roughly $26 billion today versus a potential $12 trillion to $16 trillion in traditional assets. The discussion also covered Rastogi’s entry into crypto after paying a costly remittance fee in 2016, his later work building tokenized fund infrastructure at Brevan Howard, and his view that open public blockchains will outperform private networks. According to the episode description, Rastogi expects capital markets to be extensively rewired over the next couple of years.
Kaio has launched a fund with Mubadala Capital, the alternatives arm of Abu Dhabi’s sovereign wealth fund, according to an Unchained Premium episode featuring Kaio co-founder and CEO Shrey Rastogi.
In the conversation with Laura, Rastogi said Kaio moved about $75 million onchain across Base, Solana, and Sui. He also said Coinbase is holding part of its treasury in the fund.
How Kaio handles compliance rules onchain
The discussion covered how Kaio enforces jurisdictional restrictions and know-your-customer, or KYC, requirements within its smart contract protocol. That setup was presented as part of the framework behind bringing the fund onto public blockchains.
Rastogi’s view of the tokenized asset market
Rastogi pegged the tokenized real-world asset market at roughly $26 billion today. He said that remains only a small fraction of the traditional assets such products could eventually represent, putting that pool at $12 trillion to $16 trillion.
From remittance costs to tokenized fund infrastructure
Rastogi also traced his path into crypto. According to the episode description, that started with a costly remittance fee in 2016. He later worked on tokenized fund infrastructure at Brevan Howard.
Public blockchains versus private networks
Rastogi argued that open public blockchains will beat private networks. He also said he sees a complete rewiring of capital markets coming in the next couple of years.
The source material is Unchained’s write-up for the premium episode.
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