Bitget has made two significant moves in the tokenized asset space: listing the KAIO token and revealing that commitments for its preOPAI sale have exceeded $100 million before the May 15 deadline.
KAIO Listing
KAIO is an infrastructure platform focused on tokenized real-world assets (RWAs) and institutional onchain finance. The listing on Bitget, announced on May 14, comes as financial institutions increasingly explore blockchain-based fund distribution. More than $100 million in tokenized institutional fund assets are already live on KAIO, including products from BlackRock, Hamilton Lane, Brevan Howard, and Laser Digital. The platform operates across over 10 blockchain ecosystems, supporting the full lifecycle of tokenized assets—issuance, investor permissions, transfers, and redemption across jurisdictions.
The KAIO token serves as the access and coordination mechanism, enabling participation in the broader RWA megatrend. Token holders may access KAIO products, while fund managers can bring assets onchain and distribute them across multiple networks. As the protocol’s TVL grows, it may generate basis point fees that support ecosystem development and create additional token use cases, including staking and governance rights.
preOPAI Sale
Separately, Bitget’s preOPAI sale on its IPO Prime platform attracted over $100 million in commitments. The token, issued by Republic, is designed to mirror OpenAI’s economic performance after a potential future public listing, though it does not represent direct equity in OpenAI and the company has not endorsed the product. Priced at $725 per token, the sale ran from May 12 to May 15 with a minimum commitment of $100 and a $300 million total cap. Distribution and spot trading began later on May 15.
This follows Bitget’s earlier preSPAX product linked to SpaceX, which drew $171 million in commitments. The exchange has also expanded into tokenized U.S. stocks and ETFs, reflecting a wider trend toward onchain exposure to traditional assets.
