Solana Network Aims to Attract Real-World Assets with $500 Million Investment Campaign
In a bid to boost its decentralized finance (DeFi) ecosystem, the Solana network has launched a $500 million investment campaign to attract real-world assets (RWAs) to its platform. The initiative, dubbed the “Tokenization Regatta,” aims to support projects that issue tokenized assets on Solana, such as debt, credit, or funds.
Keel, an on-chain capital allocator within the Sky ecosystem, has launched the campaign in partnership with the Solana network. The initiative offers capital allocation and support to selected projects, with more than 40 institutions already expressing interest.
According to Cian Breathnach, a contributor to Keel, the campaign aims to address the lack of buy-side participation in the Solana ecosystem, which has hindered the growth of tokenized assets. “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.
The Tokenization Regatta will operate in two tracks, with the first phase opening on Thursday. The judging panel will evaluate entries based on quality of tokenization, yield potential, and liquidity. The campaign is part of Keel’s broader roadmap to channel up to $2.5 billion into Solana-based tokenized finance.
This initiative mirrors a similar effort by DeFi lender Spark, another Sky member, which invested $1 billion from Sky’s reserves in tokenized assets earlier this year.
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