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Kadena is focused on RWA and tokenization business, and plans to launch a bridge between Ethereum and Cosmos
Odaily Planet Daily News Kadena announced the hiring of former DCG executive and Thiel Foundation CEO Alana Ackerman as its chief advisor. In addition, Chief Business Officer Annelise Osborne emphasized the company's commitment to RWA and tokenization, stating that the company "is in negotiations with major asset management companies to launch a wide range of institutional tokenization products." In addition to these potential financial products, Kadena's engineering team has been developing a new trap tool, including two bridges: one connecting Ethereum and Cosmos, and another focusing on zero knowledge, with other tools on the way. It is reported that Kadena's two co-founders, Stuart Popejoy and Will Martino, hope to provide a more scalable version of BTC while still using the Proof of Work Algorithm. The project has a Market Cap of 1.5 billion US dollars and has raised over 15 million US dollars in three previous rounds of financing. Osborne said the company does not intend to raise more funds, but will consider it if it is "strategic". It added: "We are still here, we are still building." (The Block)