Keeta is set to launch its mainnet, featuring impressive scalability and a strong regulatory focus. With support from former Google CEO Eric Schmidt, the platform aims to operate hundreds of millions of wallets, equipped with compliance tools for managing cross-border transactions.
Summary
- Keeta, with backing from ex-Google CEO Eric Schmidt, is set to launch its mainnet on September 22, boasting 235 million wallets.
- The platform facilitates USDC transfers, asset swaps, and off-ramps, all with inherent compliance.
- The KTA token underpins governance and is already available on 13 exchanges.
A press release shared with crypto.news on September 17 reveals that Schmidt’s supported project Keeta will officially activate its mainnet on Monday, September 22. This launch will unlock essential functionalities, such as native USDC transfers from any chain, straightforward asset swaps, and easy off-ramps.
The network will not commence as a blank slate, as it will launch with an impressive 235 million distinct wallets that already have nonzero balances, including 42 million wallets that have previously executed transactions, according to the Keeta team.
Keeta’s aspirations go beyond mere speed
Keeta’s core vision is to act as a vital link within the global financial ecosystem, providing a shared platform for diverse payment networks and digital assets. The network aims to enable direct cross-chain transactions and the tokenization of real-world assets, as stated on its website.
This vision is supported by a technical infrastructure designed to achieve 10 million transactions per second with 400-millisecond settlement finality. While high throughput captures attention, the integrated regulatory features are even more significant.
According to the Keeta team, the network includes built-in know-your-customer protocols, digital identity verification, an on-chain foreign exchange mechanism, and a flexible rules engine. These tools enable financial institutions and users to conduct instant, compliant transfers across various currencies and payment systems without added complexities.
Keeta’s emphasis on compliant infrastructure is already yielding results through strategic collaborations. As reported in June, Keeta is assisting the credit data platform SOLO in developing PASS, an on-chain, bank-grade financial identity layer.
PASS leverages verifiable credentials such as income, crypto assets, and KYC data to form a portable, programmable credit bureau. This initiative aims to grant digital asset owners access to traditional lending services, including mortgages and small business loans, based on tokenized and credible financial identities.
Governance and network ownership are facilitated through Keeta’s native token, KTA. Following its initial launch in March, the token has gained traction on over 13 exchanges, ensuring immediate liquidity when the mainnet activates. KTA provides governance rights, allowing holders to influence the network’s future direction and operational decisions.
