It has been a privilege spending time with the @KeetaNetwork team and working hand in hand on the initiatives we are building together. What @schenkty and his team have achieved is genuinely remarkable, a blockchain network independently verified at 11.2 million transactions per second with 400 millisecond settlement finality, tested in collaboration with Googleโs own engineering team. The fact that @ericschmidt , who has spent his career identifying tech that changes the trajectory of industries, has chosen to back this network speaks to the depth of what has been built.
We are at an early stage of a long journey, and I say that with full awareness of how much work lies ahead. Ambition without humility is just noise. What gives me confidence is not only the technology but the environment in which we are building it.
The UAE has created something rare, a regulatory and institutional ecosystem that takes innovation seriously without sacrificing the rigour that global capital markets demand. None of what we are working toward would be possible without the UAEโs continued and unwavering commitment to building the conditions for the next generation of global finance. I am genuinely grateful for that.
I also want to acknowledge His Highness Sheikh Ahmed bin Sultan bin Khalifa bin Zayed Al Nahyan @asknahyan, his leadership, vision, and belief in what we are building at ASK Group has made this partnership possible. This is a reflection of his long term commitment to ensuring the UAE leads and not follows, in the industries that will define the global economy.
At ASK Group, we believe that the most meaningful contributions are the ones built quietly, carefully, and with a genuine sense of responsibility to the markets and communities we serve. That is the spirit in which we are approaching this partnership, and everything that comes next.
What other blockchain has legitimate partnerships with royal families in government that exclusively push billions of dollars of volume in tokenization and cross boarder payments for several established countries through a single blockchain? I believe itโs none. This is unheard of. The craziest part is the token only has a market cap of 84m. Fundamentals are not priced in fairly. With time itโs only inevitable.
$KTA : Review
A member of the Abu Dhabi Royal Family just created a joint venture with a blockchain project to tokenize tens of billions of dollars of Gulf commodities and modernize cross-border payments across the Middle East, Africa, and Asia.
Meet Keeta Network - a Layer-1 blockchain designed to unify global payment networks through built-in KYC/AML compliance, cross-chain settlement, and 11.2M TPS verified by Google's Spanner team.
Founded by ex-BrainBlocks and Nano veterans. Backed by former Google CEO Eric Schmidt. And as of today, partnered with ASK Group, a UAE-based investment group led by His Highness Sheikh Ahmed bin Sultan bin Khalifa bin Zayed Al Nahyan, to build a public exchange for tokenized Gulf commodities targeting 2027.
Let's explore what just happened and why it matters. ๐
๐ต The ASK Group Partnership
This is the kind of announcement that redefines a project's trajectory overnight.
Keeta and ASK Group, led by His Highness Sheikh Ahmed bin Sultan bin Khalifa bin Zayed Al Nahyan, have created a joint venture aiming to tokenize tens of billions of dollars of commodities and modernize cross-border payments in the GCC region and beyond.
Key details:
โ The joint venture is working toward establishing a Keeta-powered public exchange for tokenized Gulf commodities, with an initial target of 2027, subject to regulatory approvals and the establishment of custody and operational infrastructure.
โ Every barrel of oil, ounce of gold, and kilogram of silver will be represented as a digital token on the Keeta network, bringing 24/7 settlement, instant fractional trading, global compliance, and verifiable proof-of-reserves to one of the largest untapped markets on earth.
โ Global commodity markets move several trillion dollars annually. The GCC's share of the world's proven oil reserves alone represents an asset base whose tokenization would constitute one of the largest migrations of real-world value onto blockchain infrastructure in history.
โ A retail investor in Tokyo, an institutional fund in London, or a family office in Singapore will have the same direct access to a barrel of Gulf crude or an ounce of UAE-held gold as the largest commodity trading houses have historically enjoyed.
โ The UAE is one of the highest-volume remittance origination markets on earth, with the UAE-India corridor alone moving approximately $20 billion annually. Keeta's infrastructure will modernize cross-border payments to South Asia, Africa, Southeast Asia, and beyond.
โ ASK Group holds exclusive rights to facilitate and execute Keeta's presence across the UAE, MEA, and India.
โ This marks the beginning of a long-term relationship. Additional asset classes and use cases in the GCC region and beyond are planned.
โช Why This Matters
Let's put this in context. Keeta was already positioned as a compliance-first L1 targeting the TradFi-DeFi bridge. Eric Schmidt backing. 11.2M TPS verified. Bank acquisition pending. KUSD stablecoin incoming.
Now add: a joint venture with an Abu Dhabi Royal Family-led investment group to tokenize the Gulf's commodity reserves, one of the most valuable asset bases on earth. Oil. Gold. Silver. On a blockchain that does 11.2 million transactions per second with 400ms settlement and built-in KYC/AML.
At $0.20 per token and a $113M market cap, KTA is valued at less than the annual remittance volume of a single UAE-India corridor ($20B). The commodity markets this joint venture is targeting move trillions annually. If even a fraction of 1% of Gulf commodity tokenization flows through Keeta, the current market cap looks microscopic.
โช Keeta at a Glance
Keeta is a Layer-1 blockchain designed to unify global payment networks. Built on a DAG-based architecture with dPoS consensus, it enables cross-chain settlement, RWA tokenization, and built-in KYC/AML compliance.
$KTA trades at $0.20 as of June 9, 2026, up 35% in the last 24 hours on the ASK Group announcement. Market cap: $113M. Circulating supply: ~513M out of 1B max.
โ 11.2M TPS verified by Google's Spanner engineering team and Chainspect โ 400ms settlement times โ Built-in KYC/AML compliance at the protocol level โ DAG-based architecture with dPoS consensus โ Native RWA tokenization and digital identity tools โ Cross-chain settlement layer โ Bank acquisition pending regulatory approval โ Upcoming: KUSD stablecoin, Keeta Pay, Keeta Card, native DEX โ Backed by former Google CEO Eric Schmidt ($17M at $75M valuation)
๐ต Meet the Keeta Team
Keeta is led by crypto payments veterans from BrainBlocks and Nano, backed by former Google CEO Eric Schmidt, and now partnered with an Abu Dhabi Royal Family-led investment group for sovereign-scale commodity tokenization.
โถ๏ธ Core Members:
โ Ty Schenk [ @schenkty ] - Founder & CEO | Software engineer, ex-BrainBlocks co-founder, ex-Turo, ex-Steel Perlot. Forbes 30 Under 30. Designed Keeta to make cross-border payments as simple as Venmo. Now leading a joint venture with Abu Dhabi royalty to tokenize Gulf commodities.
โ Roy Keene - CTO | 16+ years in systems engineering. Former lead developer at Nano Foundation, former Senior Cloud Architect at AWS. Brings deep blockchain architecture and cloud infrastructure expertise. Built the 11.2M TPS engine.
โ David Campos - Head of Operations
โ Josh Kleiman - General Counsel
๐ต Ratings
โ Use Case: โ โ โ โ โ (5/5) - The ASK Group partnership elevates Keeta from "promising compliance-first L1" to "the blockchain that an Abu Dhabi Royal Family investment group chose to tokenize Gulf commodities." Oil, gold, silver on-chain with 24/7 settlement, fractional trading, and proof-of-reserves. Cross-border payments modernization for the $20B UAE-India corridor. Combined with 11.2M TPS, 400ms finality, built-in KYC/AML, Eric Schmidt backing, and the pending bank acquisition, Keeta now has the most significant real-world asset pipeline of any L1 outside of Ondo and Stellar. Upgrading from 4.5 to 5.
โ Tokenomics: โ โ โ (3/5) - Unchanged. 1B supply, 50% community allocation is decent, but 40% insider allocation (team + investors) and no burn mechanism remain concerns. The ASK Group partnership should drive significant future demand for KTA as the settlement token for tokenized commodities, but that's 2027+ timeline.
โ Audits: โ โ โ โ (4/5) - CertiK audited. Stress test verified by Chainspect and Google Spanner team. Strong security positioning for an L1 targeting institutional finance and now sovereign wealth-adjacent commodity tokenization.
โ Community: โ โ โ โ (4/5) - 235M testnet wallets, 42M active wallets, 13+ exchange listings, growing social presence. The ASK Group announcement drove 35% in 24 hours, showing the community responds
to real catalysts. Active Twitter Spaces and engagement from the founder.
๐ต Conclusion
One hour ago, Keeta Network went from "compliance-first L1 backed by Eric Schmidt" to "the blockchain that an Abu Dhabi Royal Family-led investment group is using to tokenize Gulf commodity reserves." That's not a partnership announcement. That's a sovereign-adjacent endorsement of Keeta as the infrastructure layer for one of the largest migrations of real-world value onto blockchain in history.
The numbers speak: trillions in annual commodity flows. $20 billion in the UAE-India remittance corridor alone. Exclusive rights across UAE, MEA, and India. Public commodity exchange targeting 2027. Oil, gold, silver as on-chain tokens with 24/7 settlement, fractional access, and proof-of-reserves. All running on a chain that does 11.2M TPS with 400ms finality and built-in compliance.
At $0.20 and $113M market cap, 35% up today, KTA is either the most undervalued infrastructure play in the RWA space or the market hasn't had time to process what just happened. Given that this announcement is one hour old, the answer is probably the latter.
The question isn't whether tokenized Gulf commodities are a big deal.
They're potentially the biggest RWA opportunity in the world. The question is whether Keeta and ASK Group can execute on the 2027 timeline.
If they do, $113M market cap for the blockchain powering trillions in commodity tokenization will look like the buy of the cycle.
Here we go.
The โbig guyโ is finally announced.
Most people are going to focus on the tokenized oil, gold, and silver.
And honestly, they should.
Think about what theyโre proposing.
Today, if you want exposure to commodities, youโre usually buying shares of a company, an ETF, a futures contract, or some other investment that tracks the asset.
The vision here is different.
The goal is to create digital tokens backed 1:1 by real commodities held in audited custody. That means investors could potentially own fractional amounts of gold, silver, oil, and other assets directly while trading them 24/7 with near-instant settlement.
No waiting days for trades to clear.
No market hours.
Fewer middlemen.
Just ownership represented digitally on a network.
If they pull it off, thatโs a massive opportunity by itself.
But after reading the entire release, I donโt think thatโs the biggest story.
The bigger story is who Keeta partnered with.
ASK Group isnโt another crypto company.
Itโs a UAE-based investment and operating group led by His Highness Sheikh Ahmed bin Sultan bin Khalifa bin Zayed Al Nahyan with deep relationships throughout the region.
The part that got my attention was this:
โASK Group holds exclusive rights to facilitate and execute Keetaโs presence across the UAE, Middle East, Africa, and India.โ
To me, thatโs the most important line in the entire announcement.
Thatโs not talking about a single product.
Thatโs talking about expanding an entire financial network across some of the most important trade and money movement corridors in the world.
The commodity exchange is the headline.
The partnership is the story.
Because before you can tokenize trillions of dollars in real-world assets, you need relationships.
You need regulators.
You need banks.
You need institutions.
You need people willing to move money and assets across the network.
Thatโs what makes this announcement important.
For the past year people have been asking what partnerships could actually drive adoption and usage.
This is what adoption looks like.
Real assets.
Real institutions.
Real payment flows.
And now a partner with the ability to help bring all of it together.
@KeetaNetwork keeta:native
https://t.co/8QOL3Ijujg
People keep asking what the next XRP is, and while everyone was sleeping on $KTA, they just secured a UAE royal backed joint venture to tokenize Gulf commodities and modernize billions in cross border remittances across the MEA region. The exact same use case that made XRP's thesis so compelling in the first place. XRP's entire value proposition was being the bridge asset for cross border payments and institutional settlement, but Keeta is doing it with faster transaction speeds, real world asset backing, and direct access to one of the most capital rich regions on the planet. The difference is Keeta isn't trying to partner with banks to move money, it's partnering with the people who own the assets the entire world prices in dollars.
Keeta $KTA is moving beyond a typical blockchain project and positioning itself at the intersection of real world commodities, global finance, and institutional infrastructure. Through its vision of tokenizing assets like oil, gold, and silver, Keeta aims to bring traditionally slow, centralized commodity markets into a 24/7, on-chain environment with instant settlement, fractional access, and verifiable proof of reserves.
On top of that, theyโre targeting massive global commodity markets, especially in the Gulf region, where oil reserves represent an enormous pool of value. The idea is that this infrastructure could move a significant portion of that value into blockchain-based systems.
Keeta also pushes a major payments angle, pointing to the ~$20B UAEโIndia remittance corridor, and positioning its infrastructure to modernize cross-border payments across South Asia, Africa, and Southeast Asia aiming for faster, more efficient global money movement.
The Al Nahyan family are the ruling dynasty of Abu Dhabi and the 2nd richest family on earth. H.H. Sheikh Ahmed bin Sultan Al Nahyan is a member of this dynasty, one of the most powerful royal families in the world.
This is one of the most influential families in the world, with deep ties to government leaders, ministers, major corporations, and key decision-makers across the region and internationally and Keeta $KTA has just partnered with them.
His father, H.H. Dr. Sheikh Sultan bin Khalifa bin Zayed Al Nahyan, serves as Advisor to the President of the UAE with the rank of minister, a role he has held since being appointed by presidential decree. Sheikh Sultan is the eldest son of the late UAE President Sheikh Khalifa bin Zayed Al Nahyan, and is also the founder of SBK Holding, a major Emirati conglomerate with interests spanning energy, steel, and real estate.
Sheikh Ahmed's great-grandfather is the legendary Sheikh Zayed bin Sultan Al Nahyan - known as the Father of the Nation - who was the first President of the UAE, serving from the federation's founding on December 2, 1971, until his passing in 2004. He also served as Ruler of Abu Dhabi from 1966 to 2004.
ASK Group is the personal investment vehicle of H.H. Sheikh Ahmed bin Sultan Al Nahyan, with the name derived from his initials - Ahmed bin Sultan bin Khalifa. One of its most prominent assets is Palm City FC, a Dubai-based football club Sheikh Ahmed chairs, founded in 2023 and already earning promotion to the UAE First Division League. Keeta is now a part of ASK Group.
This connects Keeta with some of the most influential networks, decision-makers, and business leaders not only in the UAE, but across the global stage.
And this is only the beginning of Keeta's journey. As the ecosystem continues to expand, I believe we are just starting to see the doors that are opening behind the scenes. If this partnership is any indication of what's ahead, the future for Keeta looks exceptionally bright.