Keel Launches $500M Campaign to Attract RWAs to Solana

Source: CryptoNewsNet Original Title: Sky’s Keel Starts $500M Investment Campaign to Boost RWAs on Solana Original Link: Keel, an onchain capital allocator of the Sky ecosystem focusing on Solana, has launched a $500 million campaign to draw real-world assets (RWAs) to the network, part of a broader effort to grow Solana’s footprint in decentralized finance.

The initiative, dubbed the “Tokenization Regatta” and announced at Solana Breakpoint in Abu Dhabi, aims to appeal to tokenized asset issuers through a competitive process. Selected projects will receive direct funding and support for issuing RWAs such as debt, credit or funds on Solana.

Cian Breathnach, a contributor to Keel, said more than 40 institutions have already expressed interest.

“There is a great appetite for asset issuers to deploy on Solana, but what’s been missing is the buy side at a scale that makes that compelling from a business perspective,” he said. “With the Regatta, we’re solving that pain point for issuers, and, in the process, unlocking a new wave of tokenized assets for the Solana ecosystem.”