Sky Ecosystem's on-chain capital allocation platform Keel announced the launch of a $500 million investment plan to attract more RWA to deploy on Solana. The plan, called "Tokenization Regatta," was announced at the Breakpoint event in Abu Dhabi and aims to directly fund projects issuing debt, credit, funds, and other RWAs on Solana. Keel, as an independent capital allocation entity of Sky, will leverage approximately $6 billion in USDS reserves for yield-generating investments and will return the profits to Sky and USDS holders. (CoinDesk)
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Sky Ecosystem's on-chain capital allocation platform Keel announced the launch of a $500 million investment plan to attract more RWA to deploy on Solana. The plan, called "Tokenization Regatta," was announced at the Breakpoint event in Abu Dhabi and aims to directly fund projects issuing debt, credit, funds, and other RWAs on Solana. Keel, as an independent capital allocation entity of Sky, will leverage approximately $6 billion in USDS reserves for yield-generating investments and will return the profits to Sky and USDS holders. (CoinDesk)