According to CoinDesk via COINOTAG News, Keel, an on-chain capital allocation platform operating within the Solana Sky ecosystem, has unveiled a $500 million investment initiative named the Tokenization Regatta. The program seeks to attract asset tokenizers by offering direct capital and technical backing to issue risk-weighted assets on the Solana chain, including debt, credit facilities, and fund structures.

Early momentum is strong, with more than 40 institutions signaling interest. The inaugural application phase opens Thursday and provides two tracks: issuers planning deployment by early 2026 and issuers still building the necessary infrastructure.

Keel operates as an independent arm within the Sky ecosystem (formerly MakerDAO), financed by Sky’s USDS, a $6 billion decentralized stablecoin. Its mandate is to invest in income-generating assets and return proceeds to Sky and USDS token holders.