Sky's Keel Starts $500M Investment Campaign to Boost RWAs on Solana

Finance Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Sky's Keel Starts $500M Investment Campaign to Boost RWAs on Solana The Tokenization Regatta aims to allocate funds and support to projects bringing tokenized real-world assets to the Solana network. By Krisztian Sandor | Edited by Cheyenne Ligon Dec 11, 2025, 12:00 p.m. Solana (CoinDesk) What to know : Keel has launched a $500 million campaign to attract real-world assets (RWAs) to the Solana network. The initiative, called the Tokenization Regatta, offers capital allocation and support to selected projects issuing tokenized assets on Solana. More than 40 institutions have shown interest, Keel contributor Cian Breathnach said. Keel, an onchain capital allocator of the Sky ecosystem focusing on Solana SOL $ 131.08 , 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, Keel said in a press release shared with CoinDesk. Selected projects will receive direct funding and support for issuing RWAs such as debt, credit or funds on Solana. STORY CONTINUES BELOW Don't miss another story. Subscribe to the Crypto Daybook Americas Newsletter today . See all newsletters Sign me up By signing up, you will receive emails about CoinDesk products and you agree to our terms of use and privacy policy . 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." Keel operates as an independent organization within the Sky ecosystem, formerly known as MakerDAO, using reserves from Sky’s $6 billion decentralized stablecoin, USDS. Its mission is to allocate into assets that generate yield, channeling the proceeds back to Sky and USDS token holders. The $500 million in available allocations is part of Keel’s broader roadmap to channel up to $2.5 billion into Solana-based tokenized finance. Keel's Regatta 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. Applications for the first phase open on Thursday, with two tracks available: one for issuers ready to deploy in early 2026 and another for those still building infrastructure. A judging panel from Keel, Sky’s Risk Council and Kinetica Research will evaluate entries based on quality of tokenization, yield potential and liquidity. Solana News Real World Assets Exclusive More For You Protocol Research: GoPlus Security By CoinDesk Research Nov 14, 2025 Commissioned by GoPlus What to know : As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M. GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month. Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B. View Full Report More For You Revolut and Trust Wallet Launch Instant Crypto Buys in EU With Self-Custody Focus By Francisco Rodrigues | Edited by Nikhilesh De 16 minutes ago The integration allows users to buy crypto and have it sent directly to their Trust Wallet, a self-custodial app, giving them full control of their assets from the moment of purchase. What to know : Revolut and Trust Wallet have partnered to enable instant crypto purchases in the EU with zero fees in some cases, using RevolutPay, debit/credit cards and bank transfers. The integration allows users to buy crypto and have it sent directly to their Trust Wallet, a self-custodial app, giving them full control of their assets from the moment of purchase. The partnership initially supports Bitcoin, Ether, Solana, USDC and USDT, with more assets expected to be added, and comes as Revolut expands its crypto offerings after securing a MiCA license in the EU. Read full story Latest Crypto News Revolut and Trust Wallet Launch Instant Crypto Buys in EU With Self-Custody Focus 16 minutes ago Crypto Markets Today: Traders Seek Catalysts After Bitcoin’s Post-Fed Pullback 31 minutes ago UK Bitcoin Company Satsuma Sells 579 of Its 1,199 Bitcoin for $53.2 Million 35 minutes ago BTC, Nasdaq Futures Drop as Oracle Earnings Revive AI Bubble Fears 1 hour ago Gemini Approved by CFTC to Offer U.S. Prediction Markets, Stock Surges Nearly 14% 4 hours ago Ether, Dogecoin, Solana Slide as Bitcoin Fails to Sustain Early-Week Breakout 4 hours ago Top Stories U.S. Senate's Crypto Market Structure Bill Gets Messy as Calendar Weighs Down 8 hours ago Why is Bitcoin Trading Lower Today? 7 hours ago Ether, Dogecoin, Solana Slide as Bitcoin Fails to Sustain Early-Week Breakout 4 hours ago Bitcoin Swings Wildly as Fed's Powell Straddles Labor Market and Inflation Issues 15 hours ago Federal Reserve Cuts Rates 25 Basis Points, With Two Members Voting for Steady Policy 17 hours ago Crypto CEOs Join U.S. CFTC's Innovation Council to Steer Market Developments 13 hours ago In this article SOL SOL $ 131.08 ◢ 4.51 %