Keel launches on Solana with a plan to allocate 2.5 billion USD to DeFi and RWA

2025-09-30 04:43:33

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Keel, the capital allocation protocol of Solana, has just launched with a plan to deploy up to 2.5 billion USD into DeFi and tokenized real assets (RWA). This is the third autonomous unit (“star”) in the Sky ecosystem – the DeFi platform previously known as MakerDAO.

Keel will receive funding from the USDS stablecoin reserves of Sky to allocate to DeFi protocols on Solana such as Kamino, Jupiter, and Raydium. Serving as a bridge between stablecoins and DeFi, Keel expects to drive large-scale liquidity, paving the way for lending applications, liquidity pools, and asset tokenization.

Previously, Spark – the first “star” – had achieved over 10 billion USD in TVL on Ethereum, while Grove focuses on secured debt products. Keel is seen as a strategic move to position Solana as the center for the global digital capital market, while also attracting RWA capital flows into the blockchain.

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