Keeta, a real-world tokenization project, is set to revolutionize the digital asset industry by providing access to credit services such as mortgages and small business loans through a cutting-edge platform designed for blockchain-native financial identity.
As the adoption of crypto and blockchain technologies continues to increase, Keeta Network (KTA) has unveiled its latest innovation, PASS, a verified financial identity platform. This groundbreaking initiative is a result of a strategic partnership between Keeta and SOLO, a leading credit data infrastructure provider.
The PASS platform, created by the Keeta team, is a secure, bank-grade blockchain-native credit bureau offering essential features like Know Your Customer, Know Your Business, and verifiable credentials for income and crypto asset holdings. These tools empower banks and lenders to serve the crypto-native community by leveraging PASS’s on-chain visibility for credit underwriting.
“With the rapid adoption of digital assets, Keeta’s blockchain is pioneering the development of an on-chain credit bureau, streamlining lending, borrowing, mortgages, stablecoin payments, and more,” remarked Ty Schenk, the CEO and founder of Keeta.
Schenk emphasized that PASS serves as a vital link between traditional financial systems and the digital asset ecosystem.
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“For the first time, a blockchain network is enabling the verification, tokenization, and trust of real-world financial credentials such as income, assets, and identity for lending,” highlighted Georgina Merhom, the founder of SOLO.
Supported by former Google CEO and chairman Eric Schmidt, Keeta operates as a blockchain network with a robust compliance framework. The project aims to make a significant impact in the rapidly growing real-world asset tokenization sector, which currently boasts a market size exceeding $23 billion.
Global enterprises and institutions can now tokenize various assets to leverage the vast potential of blockchain technology, with the industry projected to reach new heights by 2024.
The rollout of Keeta’s on-chain credit system, in collaboration with SOLO, will be executed in phases. Verified financial profiles are scheduled to go live in the summer of 2025, with additional features like a lending marketplace, stablecoin-based loan origination, and bank integrations set for subsequent releases.
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