Kadena is focusing on RWA and tokenization, and plans to launch a bridge between Ethereum and Cosmos

Odaily News Kadena announced that it has hired Alana Ackerman, a former DCG executive and CEO of the Thiel Foundation, as its chief advisor. In addition, Chief Business Officer Annelise Osborne emphasized the company's commitment to RWA and tokenization, saying that the company is "in talks with major asset managers to launch a wide range of institutional tokenization products." In addition to these potential financial products, Kadena's engineering team has also been developing a set of new tools, including two bridges: one connecting Ethereum and Cosmos, and the other focusing on zero knowledge, with other tools coming soon. It is reported that Kadena's two co-founders, Stuart Popejoy and Will Martino, hope to provide a more scalable version of Bitcoin while still using the proof-of-work algorithm. The project has a market value of $150 million and has previously raised more than $15 million in three rounds of financing. Osborne said the company does not plan to raise more funds, but will consider it if it is "strategically significant." He added: "We are still here and we are still building." (The Block)