Keeta’s Mainnet Launch
Keeta is set to make a significant entrance into the blockchain space with its mainnet launch scheduled for September 22. Supported by former Google CEO Eric Schmidt, this innovative blockchain network is distinguished by its impressive scale and a strong emphasis on regulatory compliance. The upcoming activation will enable numerous essential features, including instant USDC transfers across various blockchains, efficient asset exchanges, and convenient off-boarding options.
User Engagement and Initial Operations
In a remarkable feat, Keeta will commence operations with an astounding 235 million active wallets, each containing balances, including 42 million that have previously conducted transactions, according to the project’s announcement shared on September 17. This foundational user base not only illustrates immense initial engagement but also positions Keeta favorably in a competitive landscape.
Vision and Technological Capabilities
Keeta’s overarching vision is to bridge various financial systems worldwide, aiming to serve as a universal platform for different payment networks and digital assets. It is designed as a cohesive layer that simplifies direct transactions across chains and promotes the tokenization of real-world assets.
Technologically, Keeta claims to achieve a staggering capacity of 10 million transactions per second alongside a settlement time of just 400 milliseconds. However, the most vital aspect of its innovation lies in its regulatory frameworks, which are integrated directly into the network.
Regulatory Compliance and Features
The creators of Keeta stress the importance of compliance through built-in know-your-customer standards, digital identity validation, an on-chain foreign exchange capability, and a flexible suite of regulatory rule applications. These features aim to allow both financial institutions and individual users to make quick, compliant transactions across various currencies and payment systems without the need for complex external systems.
Collaborations and Financial Identity
Moreover, Keeta has already begun reaping the rewards of its focus on compliant financial infrastructure through collaborations. In June, the project partnered with SOLO, a credit data platform, to develop PASS—an on-chain, trusted financial identity system. PASS leverages verifiable data points like income, cryptocurrencies, and KYC information to establish a portable credit bureau. This initiative aims to grant digital asset holders access to conventional lending options, such as mortgages or small business loans, incorporating trusted identities into the process.
Governance and Token Support
Governance of the network is facilitated through Keeta’s native token, KTA, which has been actively supported by over 13 exchanges since its initial launch in March. This provides the token with liquidity upon the mainnet launch while ensuring that holders can participate in governance decisions regarding the future direction of the network.
