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

The Tokenization Regatta aims to allocate funds and enactment to projects bringing tokenized real-world assets to the Solana network.

Dec 11, 2025, 12:00 p.m.

Keel, an onchain superior allocator of the Sky ecosystem focusing connected Solana SOL$130.96, has launched a $500 cardinal run to gully real-world assets (RWAs) to the network, portion of a broader effort to turn Solana’s footprint successful decentralized finance.

The initiative, dubbed the "Tokenization Regatta" and announced astatine Solana Breakpoint successful Abu Dhabi, aims to entreaty to tokenized plus issuers done a competitory process, Keel said successful a property merchandise shared with CoinDesk. Selected projects volition person nonstop backing and enactment for issuing RWAs specified arsenic debt, recognition oregon funds connected Solana.

Cian Breathnach, a contributor to Keel, said much than 40 institutions person already expressed interest.

"There is simply a large appetite for plus issuers to deploy connected Solana, but what’s been missing is the bargain broadside astatine a standard that makes that compelling from a concern perspective," helium said. "With the Regatta, we’re solving that symptom constituent for issuers, and, successful the process, unlocking a caller question of tokenized assets for the Solana ecosystem."

Keel operates arsenic an autarkic enactment wrong the Sky ecosystem, formerly known arsenic MakerDAO, utilizing reserves from Sky’s $6 cardinal decentralized stablecoin, USDS. Its ngo is to allocate into assets that make yield, channeling the proceeds backmost to Sky and USDS token holders. The $500 cardinal successful disposable allocations is portion of Keel’s broader roadmap to transmission up to $2.5 cardinal into Solana-based tokenized finance.

Keel's Regatta mirrors a similar effort by DeFi lender Spark, different Sky member, which invested $1 cardinal from Sky's reserves successful tokenized assets earlier this year.

Applications for the archetypal signifier unfastened connected Thursday, with 2 tracks available: 1 for issuers acceptable to deploy successful aboriginal 2026 and different for those inactive gathering infrastructure.

A judging sheet from Keel, Sky’s Risk Council and Kinetica Research volition measure entries based connected prime of tokenization, output imaginable and liquidity.

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