Keeta Network Launches PASS: Bridging Crypto and customary Finance
Keeta network (KTA) is set to revolutionize the crypto space with its new platform, PASS. this initiative aims to bring credit services, such as mortgages and small business loans, to digital asset holders. The platform,built for blockchain-native financial identity,is a collaborative effort with SOLO,a credit data infrastructure provider.
As crypto adoption grows, Keeta is addressing the need for a verified financial identity solution. The PASS platform,announced on June 5,marks a significant step in this direction.
Keeta’s PASS platform is designed to be a secure, blockchain-based credit bureau. It includes features like No Your Customer (KYC), Know Your Business (KYB), and verifiable credentials for income and crypto holdings. These tools help banks and lenders understand crypto users better, enabling them to offer traditional financial services.
Ty Schenk, CEO of Keeta, explained that PASS is the first blockchain solution to handle the scale and regulations of an on-chain credit bureau. This opens doors for various financial services, including lending and stablecoin payments.
Georgina merhom, founder of SOLO, added that PASS makes real-world financial credentials verifiable and trusted for lending. This bridge between traditional finance and the digital asset world is crucial as crypto adoption increases.
Keeta, supported by Eric Schmidt, former Google CEO, is a blockchain network with a compliance framework. It targets the real-world asset tokenization industry, which is rapidly growing. The global market for tokenized assets is now over $23 billion, showing the sector’s potential.
The PASS rollout will happen in phases. Verified financial profiles are set to launch in summer 2025. Future plans include a lending marketplace and bank integrations. This initiative aims to make blockchain’s potential accessible to global businesses and institutions.
