@Syno_0x@askgroupae Thank you everyone :) Stay tuned 🔥🔥 a lot more coming for the community and the disruptive technology meant globally as the next-gen infra together with the interoperability layer - super excited to what’s coming next 🚀🚀
Built for the world. Built for what’s next. 🔥🚀
The @askgroupae × @KeetaNetwork joint venture is building infrastructure to bring TRILLIONS of dollars in RWAs onchain. Built on Keeta, the insanely scalable, compliance-focused blockchain network.
$KTA is the ticker.
Eric Schmidt-backed Keeta $KTA just teamed up with UAE royal family's ASK Group to tokenize Gulf commodities and revolutionize cross-border payments.
Keeta boasts near-instant 400ms finality and 11.2M tx/sec.
$KTA pumped +45% on the news.
Is blockchain becoming the future of cross-border payments?
I’ve spent a lot of time over the last 24 hours digging into the ASK partnership.
The more I read, the bigger this thing looks.
First, this isn’t just a partnership.
It’s a joint venture.
There’s a huge difference.
A partnership is two companies agreeing to work together.
A joint venture is both sides putting skin in the game and building something together.
Then I started looking into ASK.
This isn’t some random crypto company.
ASK is one of the largest private groups in the UAE with interests spanning finance, infrastructure, commodities, trade, and investment.
Then you get to the leadership.
His Highness Sheikh Ahmed Bin Sultan Al Nahyan isn’t just another executive.
He’s a member of the Al Nahyan family, the ruling family of Abu Dhabi.
His grandfather was President of the UAE.
His father was President of the UAE.
His uncle is the current President of the UAE.
Let that sink in for a minute.
Now add in Punit Thakker.
Most people probably skimmed right past his name.
I didn’t.
This guy has spent more than 20 years building payment infrastructure across the Middle East, India, and Asia.
PayPal.
Checkout.
Telr.
PayTabs.
He’s helped build payment networks processing billions of dollars and has worked directly with institutions helping shape digital finance policy across the Gulf.
That’s not the type of person you bring in for a small project.
Remember, Keeta isn’t trying to build another crypto ecosystem.
It’s trying to build financial infrastructure.
When you combine a UAE royal family-backed joint venture, a fintech veteran with deep regional connections, and a network built for compliance, payments, tokenization, and interoperability…
You start to understand why they keep talking about trillions.
Not because trillions are flowing tomorrow.
But because that’s the size of the markets they’re targeting.
Oil.
Gold.
Silver.
Copper.
Cross-border payments.
Trade finance.
Real-world assets.
Here’s what really caught my attention.
Most projects spend years trying to get a seat at the table.
These guys already seem to be sitting at it.
A member of the UAE’s ruling family.
One of the largest private business groups in the region.
Fintech executives who have spent decades building payment infrastructure throughout the Middle East and Asia.
And Keeta providing the technology layer.
That’s an incredibly powerful combination.
The market can believe it or not.
Personally, I think people are dramatically underestimating what was announced yesterday and the scale of what they’re trying to build.
This isn’t a swing at millions.
It isn’t a swing at billions.
It’s a swing at trillions.
@KeetaNetwork@askgroupae $KTA
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 Google’s 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 UAE’s 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.
H.H Ahmed Bin Sultan Bin Khalifa Bin Zayed Al Nahyan On Instagram about the Keeta $KTA joint venture:
''It is a pleasure to begin this journey with Keeta, led by CEO Ty Schenk and supported by former Google CEO Eric Schmidt.
The UAE has always been a place that inspires ambition, innovation, and long-term thinking, and we are proud to play our part in that story. Through this partnership, we look forward to working hand in hand to contribute to the UAE’s vision while helping strengthen cross-border connectivity and unlock the potential of real-world assets through technology.
This is only the beginning, and I am excited for what we can build together for the benefit of our nation and beyond.''
$KTA
Innovation thrives when visionary leadership and transformative technology come together. We are pleased to embark on this journey with Keeta, led by CEO Ty Schenk and supported by the confidence of former Google CEO Eric Schmidt. Together, we aim to contribute to UAE’s vision for digital finance, cross border connectivity, and the tokenization of real world assets.
It is a pleasure to begin this journey with @KeetaNetwork , led by CEO @schenkty and supported by former Google CEO @ericschmidt. The UAE has always been a place that inspires ambition, innovation, and long-term thinking, and we are proud to play our part in that story. Through this partnership, we look forward to working hand in hand to contribute to the UAE’s vision while helping strengthen cross-border connectivity and unlock the potential of real-world assets through technology. This is only the beginning, and I am excited for what we can build together for the benefit of our nation and beyond.