BlackRock, Brevan Howard Funds Go Live on Sei Blockchain
Two major funds, BlackRock's ICS US Dollar Liquidity Fund and Brevan Howard's Master Fund, have gone live on the Sei blockchain. This marks a significant step in institutional blockchain adoption, facilitated by KAIO, a platform supported by Brevan Howard and Nomura.
KAIO, previously known as Libre Capital, launched these tokenized funds on Sei. This move allows investors to access shares of these mutual funds by simply holding a KAIO token on the Sei network. The real-world-assets market on Sei is growing rapidly, with Securitize also launching the Apollo Diversified Credit Fund, which has over $15 million in value onchain.
These tokenized mutual funds offer integration with stablecoins and other decentralized-finance applications. KAIO has previously tokenized funds by Hamilton Lane and Laser Digital on Sei, further expanding the platform's offerings.
The launch of these mutual funds on Sei demonstrates the growing interest of traditional financial institutions in blockchain technology. It opens up new investment opportunities for both institutional and accredited investors, who can now access digital versions of traditional financial products through the Sei network.
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