UMA, issued by Conduit Asset Management Pte. Ltd., is a tokenized institutional fund that gives onboarded investors onchain exposure to Libre SAF VCC - USD I Money Market, a regulated alternative-investment strategy offered as a tokenized feeder vehicle on the KAIO protocol [S1][S2].

The token tracks the net asset value of Libre SAF VCC - USD I Money Market (UMA); subscribers receive tokenized shares in a feeder vehicle that invests into the underlying fund, with shares calculated at the fund's then-current NAV at the next dealing date [S3][S4]. Returns accrue through movements in that NAV [S3]. Holders bear fees configured per instrument and paid in settlement tokens, including cumulative redemption fees, initial restricted-period fees, and redemption volume fees [S2].

The investment manager is Conduit Asset Management Pte. Ltd., incorporated in Singapore and licensed by the Monetary Authority of Singapore under a Capital Markets Services License [S1][S5]. The protocol is operated by the KAIO Foundation under English-law terms [S6]. Offerings run under Singapore's Securities and Futures Act 2001 or equivalent standards, solely for onboarded Accredited and Institutional Investors who clear KYC, AML, sanctions, and allowed-jurisdiction gates [S7][S5]. Each token is a permissioned security token representing a beneficial interest in the feeder fund [S3][S8]. Redemption runs through the Redemption Book, burning tokens and transferring a U.S. dollar-pegged stablecoin [S4].

Fund tokens are permissioned ERC-20 security tokens, with a separate U.S. dollar-backed Settlement Token used as the cash leg [S8][S9]. Smart contracts are deployed on Ethereum as the primary base layer, with cross-network availability via the KAIO Gateway bridge across Avalanche, Solana, XDC, Aptos, Hedera, Polygon, SEI EVM, Ethereum, and NEAR [S2][S10][S5]. Subscriptions and redemptions settle in admin-controlled batches against NAV maintained by the fund administrator [S4].

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    { id: "S1", url: "https://www.kaio.xyz/" },
    { id: "S2", url: "https://docs.kaio.xyz/how-kaio-works/architecture.md" },
    { id: "S3", url: "https://docs.kaio.xyz/overview/products.md?ask=feeder-funds-domicile-backing-yield-minimum" },
    { id: "S4", url: "https://docs.kaio.xyz/how-kaio-works/smart-contracts/order-books/redemption-book.md" },
    { id: "S5", url: "https://docs.kaio.xyz/overview/faqs.md?ask=legal-entity-regulator-jurisdictions-minimum-fees-custody-networks-nav" },
    { id: "S6", url: "https://www.kaio.xyz/terms-of-use" },
    { id: "S7", url: "https://docs.kaio.xyz/overview/products.md" },
    { id: "S8", url: "https://docs.kaio.xyz/how-kaio-works/smart-contracts/tokens/security-token.md" },
    { id: "S9", url: "https://docs.kaio.xyz/how-kaio-works/smart-contracts/tokens/settlement-token.md" },
    { id: "S10", url: "https://docs.kaio.xyz/overview/faqs.md" },
  ]}
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Tokenized funds

KAIO operates through a decentralized network architecture that facilitates cross-chain communication and data transfer between various blockchain protocols. The project likely employs smart contract technology and consensus mechanisms to ensure secure and reliable operations across multiple networks. Their business model appears to center on providing infrastructure services and development tools to the broader blockchain community.

KAIO builds decentralized applications and infrastructure tools designed to enhance blockchain interoperability and user experience. The project focuses on creating seamless bridges between different blockchain networks while providing developers with robust tooling for cross-chain functionality. Their solutions aim to simplify complex blockchain operations and improve accessibility for both developers and end users.

KAIO is a blockchain-based project focused on developing decentralized infrastructure and tooling solutions for the crypto ecosystem.

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Real-world asset (RWA) issuers

KAIO

Libre SAF VCC - USD I Money Market (UMA) is a tokenized fund share issued by KAIO through Libre SAF VCC and managed by Conduit Asset Management Pte. Ltd.

Libre SAF VCC is licensed as a payment institution in Singapore.

UMA has been issued on public blockchains since July 2024 and is native to NEAR Protocol, Solana, Aptos, Hedera, Avalanche, and XDC Network.

Libre SAF VCC - USD I Money MarketUMA

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