TL;DR:
- Keel announced the “Tokenization Regatta,” a $500 million plan to boost RWA activity on the Solana blockchain.
- The program seeks to close the funding gap and establish asset issuance routes for institutional issuers.
- The initiative is part of a larger roadmap with the intent to deploy up to $2.5 billion into tokenized markets.
Keel recently unveiled a new and ambitious initiative to expand the tokenization of Real-World Assets (RWAs) on the Solana network. The program, named the “Tokenization Regatta,” starts with a $500 million allocation and seeks to strengthen the tokenization ecosystem, which has grown notably in recent months.
The announcement, made during the Solana Breakpoint event in Abu Dhabi, has 3 main objectives: to inject more liquidity into the market, attract high-caliber institutional issuers, and establish reliable funding routes for RWA projects developed on Solana.
Keel’s plan implements a structured Request for Proposal (RFP) system aimed at directing capital toward selected tokenized assets. Beyond direct support for issuers, the program aims to improve price discovery and strengthen confidence around digital asset issuance.
Keel internally estimates that a coordinated program of this type can raise the value of Solana-based RWAs by more than 60%, giving an idea of the expected scale of impact. In fact, over 40 institutions have already joined early conversations about participation, reflecting a clear institutional demand for faster and cheaper settlement layers.
The Regatta and the $2.5 Billion Long-Term Roadmap
The “Regatta” program is part of a broader strategic roadmap introduced by Keel earlier this year, which includes a long-term plan to deploy up to $2.5 billion into tokenized markets on Solana.
An advantage for Keel is its direct access to the USDS stablecoin reserves through the Sky ecosystem, which allows it to extend lending capacity to DeFi platforms and support institutional issuers requiring predictable liquidity.
This plan is specifically designed to narrow the persistent funding gap between emerging issuers and large asset buyers. The competition will reward models that combine strong fundamentals with scalability across credit, lending, and yield markets.
Applications for the first season opened on December 11, and selected projects will be evaluated by committees from Keel, Sky Risk Council, Particula, and Kinetika Research, focusing on token design, liquidity strength, and risk-adjusted returns.
In summary, the success of the program is expected to consolidate Solana as the preferred destination for institutional RWA tokenization.
