Keel launched a new initiative to expand real-world asset activity on Solana through a $500 million allocation program, starting with the first season of its Tokenization Regatta. The initiative surfaced during Solana Breakpoint in Abu Dhabi and seeks to strengthen the growing tokenization ecosystem. The company aims to introduce more liquidity, attract institutional issuers, and establish reliable funding routes for RWA projects.
Program Targets Stronger Liquidity and Institutional Access
The Regatta introduces a structured request-for-proposal system that directs capital toward selected tokenized assets. Besides supporting issuers, the allocations aim to improve price discovery and strengthen confidence around asset issuance.
Keel believes a coordinated program can raise the value of Solana-based RWAs by more than 60%. That estimate remains internal, yet it signals the scale of impact Keel expects.
More than 40 institutions have joined early conversations about participating. Their interest shows growing demand for faster and cheaper settlement layers. Moreover, Keel noted a persistent funding gap between emerging issuers and large asset buyers.
The company wants the program to narrow this gap and create repeatable issuance frameworks. Hence, it designed the competition to encourage models that scale across lending, credit, and yield markets.
Part of Keel’s Long-Term Roadmap for Tokenized Markets
The Regatta sits within a larger roadmap introduced earlier this year. That roadmap includes a plan to deploy up to $2.5 billion over time to support tokenized markets on Solana.
Additionally, Keel holds direct access to reserves from the USDS stablecoin through Sky’s ecosystem. Consequently, Keel can extend lending capacity into DeFi platforms and support institutional issuers that require predictable liquidity.
Applications for Season 1 open on 11 December. Issuers may choose between immediate deployment in early 2026 or a slower development track.
Review committees from Keel, Sky Risk Council, Particula, and Kinetika Research will evaluate submissions. They will examine token design, liquidity strength, and risk-adjusted returns. Hence, the Regatta aims to reward projects that combine strong fundamentals with scalable tokenization models.
