Keel Launches $500 Million Tokenization Regatta to Boost Real-World Assets on Solana
Keel, an independent organization within the Sky ecosystem, has launched a $500 million campaign called the Tokenization Regatta to attract real-world assets (RWAs) to the Solana network. Announced at Solana Breakpoint in Abu Dhabi, the initiative offers capital allocation and support to projects issuing tokenized assets on Solana.
Applications for the first phase are open with two tracks: one for issuers ready to deploy in early 2026 and another for those still building infrastructure. More than 40 institutions have expressed interest in participating.
Keel's $500 million fund is part of a broader plan to channel up to $2.5 billion into Solana-based tokenized finance projects. The funding utilizes reserves from Sky’s $6 billion decentralized stablecoin, USDS.
Earlier this year, Spark, another member of the Sky ecosystem, invested $1 billion from Sky’s reserves in tokenized assets, serving as a model for the Regatta.
A judging panel consisting of members from Keel, Sky’s Risk Council, and Kinetica Research will evaluate project entries based on tokenization quality, yield potential, and liquidity.
