December 11, 2025 – Keel, the self-described “Capital Engine” of the Solana ecosystem, has fired the starting gun on its flagship initiative: a $500 million Tokenization Regatta that aims to cement Solana as the leading blockchain for tokenized real-world assets (RWAs).

Announced today in partnership with Sky (formerly MakerDAO’s Sky ecosystem) and the Solana Foundation, Season 1 of the Regatta opens a formal Request for Proposals (RFP) with up to half a billion dollars in capital available to asset issuers and tokenization platforms that bring institutional-grade assets natively to Solana.

“This is the largest single commitment ever made to tokenized assets on any chain,” a Keel spokesperson said. “We’re not just providing liquidity; we’re building the rails and the demand signal that turns Solana into the undisputed home for Internet Capital Markets.”

Two tracks, one goal

The program is split into two tracks to capture both ready-to-deploy assets and those still in the pipeline:

• Track A (Immediate Deployment): For assets already live on Solana or that can demonstrably launch, enable subscriptions, and handle redemptions by March 31, 2026.