Nomura Group's KAIO, a financial services subsidiary, has announced the issuance of a governance token, targeting the $30 trillion RWA track.

**April 30: RWA Protocol KAIO Launches Governance Token KAIO** On April 30, real-world asset (RWA) tokenization protocol KAIO officially launched its governance token KAIO, with a fixed total supply of 10 billion tokens. Concurrently, it established the KAIO Foundation, tasked with ecosystem governance, treasury management, and protocol development. Backed by Nomura Group’s digital asset arm Laser Digital, KAIO has secured strategic investments from Tether (the world’s largest stablecoin issuer), BH Digital Assets, Further, and other institutions. The platform currently hosts 5 institutional-grade funds with a Total Value Locked (TVL) of approximately $100 million, spanning over 10 blockchains. Supported asset managers include BlackRock, Brevan Howard, Hamilton Lane, and Laser Digital; a partnership with Mubadala Capital is expected to be announced imminently. ### Token Distribution Breakdown - **Community & Liquidity Incentives**: 37.5% (largest share) - **KAIO Foundation**: 17% - **Team, Investors, Pre-TGE Sale**: 45.5% total No lock-up applies on the token generation event (TGE) day. Unlocks follow a 6–12 month cliff period, then linear monthly releases over a maximum 60-month cycle. ### Core Token Use Cases 1. Access to protocol products 2. Eligibility for staking rewards 3. Governance voting rights on key protocol decisions and treasury allocations The protocol generates revenue via basis point fees on tokenized assets, but token holders hold no legal rights to fee distribution. KAIO’s retail-focused KASH product is slated to launch in Q2 2026, aiming to give ordinary users exposure to RWAs.