@QuintenFrancois First time a Sheikh from the second-richest family in the world and the presidential family of the UAE has publicly endorsed a crypto project to this magnitude and announced that they are working on real integrations and people are still yet to realize
$KTA announced a partnership with ASK Group, a multi-billion dollar investment group led by members of the UAE Royal family.
The plan is to tokenize tens of billions of dollars of commodities - gold, silver and oil.
Holding my $KTA bag tight
(1/9) Keeta and ASK Group @askgroupae, a UAE-based investment group led by His Highness Sheikh Ahmed bin Sultan bin Khalifa bin Zayed Al Nahyan @asknahyan, have created a joint venture aiming to tokenize tens of billions of dollars of commodities and modernize cross-border
Punit Thakker is the Executive Director of Fintech, Digital Assets, and Blockchain at @askgroupae the group behind $KTA Keeta's joint venture to tokenize Gulf commodities and modernize cross-border payments across the UAE, MEA, and India.
Punit has over 20 years of fintech infrastructure experience across MENA, APAC, and India - with founding team roles at some of the region's most significant payments companies:
- @PayPal India: Part of the team that brought PayPal into one of the world's largest and most complex remittance markets, laying the groundwork for digital payments adoption across the subcontinent.
- @Checkout: One of the most widely used enterprise payment processors globally, built for high-volume, cross-border transactions across financial institutions and merchants at scale who had total of $300 Billion Dollars of total volume of ecommerce payments in 2025 alone.
- @TelrDotCom: A UAE-based payment gateway built specifically for MENA's merchant and e-commerce infrastructure, operating across some of the region's fastest-growing digital economies.
- @PayTabs: A MENA-focused payment solutions provider that became core infrastructure for businesses processing transactions across the Gulf and beyond.
Across all four, Punit was on the ground building culminating in MENA's largest payments switch, processing over $2.6 billion across 28 countries.
Beyond building, Punit advises at the policy level. As Senior Advisor at Kearney FIG, he consults directly with the institutions defining how digital finance moves in the Gulf:
- Central Bank of UAE @centralbankuae
- Dubai International Financial Centre @DIFC
- Abu Dhabi Global Market @ADGlobalMarket
All three on stablecoin regulation and tokenization frameworks.
Now At @askgroupae, he leads the execution of the joint venture with @KeetaNetwork, focused on tokenizing Gulf commodities and modernizing cross-border payment infrastructure across the UAE, MEA, and India, putting Keeta at the center of this institutional push.
Someone with this kind of background isn’t brought in to work on small-scale initiatives, but on market-changing ones. Punit is extremely well connected and has deep knowledge and years of experience in the market, which positions him to help Keeta succeed in its mission both in the region and globally.
(1/9) Keeta and ASK Group @askgroupae, a UAE-based investment group led by His Highness Sheikh Ahmed bin Sultan bin Khalifa bin Zayed Al Nahyan @asknahyan, have created a joint venture aiming to tokenize tens of billions of dollars of commodities and modernize cross-border
Purely from a chart perspective $KTA is starting to look very attractive.
- Clear double bottom formed around 12.5 cents
- Clear signs of accumulation between 12.5 & 20 cents
Team has worked and built relentlessly through some of the worst FUD imaginable and just released some huge news.
When you have the trifecta of TA + FA + a relentlessly determined team there are few forces that can keep it down forever.
2 ways to play this:
- One to watch for the eventual breakout
- Accumulate around the lows
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 it’s 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 it’s only inevitable.
(1/9) Keeta and ASK Group @askgroupae, a UAE-based investment group led by His Highness Sheikh Ahmed bin Sultan bin Khalifa bin Zayed Al Nahyan @asknahyan, have created a joint venture aiming to tokenize tens of billions of dollars of commodities and modernize cross-border
$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. 👇
🔵 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:
➛ 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.
➛ 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.
➛ 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.
➛ 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.
➛ 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.
➛ ASK Group holds exclusive rights to facilitate and execute Keeta's presence across the UAE, MEA, and India.
➛ This marks the beginning of a long-term relationship. Additional asset classes and use cases in the GCC region and beyond are planned.
⚪ 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.
⚪ 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.
➛ 11.2M TPS verified by Google's Spanner engineering team and Chainspect ➛ 400ms settlement times ➛ Built-in KYC/AML compliance at the protocol level ➛ DAG-based architecture with dPoS consensus ➛ Native RWA tokenization and digital identity tools ➛ Cross-chain settlement layer ➛ Bank acquisition pending regulatory approval ➛ Upcoming: KUSD stablecoin, Keeta Pay, Keeta Card, native DEX ➛ Backed by former Google CEO Eric Schmidt ($17M at $75M valuation)
🔵 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.
▶️ Core Members:
➛ 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.
➛ 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.
➛ David Campos - Head of Operations
➛ Josh Kleiman - General Counsel
🔵 Ratings
➛ Use Case: ★★★★★ (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.
➛ Tokenomics: ★★★ (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.
➛ Audits: ★★★★ (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.
➛ Community: ★★★★ (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.
🔵 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.
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.
(1/9) Keeta and ASK Group @askgroupae, a UAE-based investment group led by His Highness Sheikh Ahmed bin Sultan bin Khalifa bin Zayed Al Nahyan @asknahyan, have created a joint venture aiming to tokenize tens of billions of dollars of commodities and modernize cross-border
This is huge..
$KTA
This fund manages billions in assets and connected to the Al Nahyan family (which is the 2nd richest family in the entire world)
The future is bright and this is only the start..
(1/9) Keeta and ASK Group @askgroupae, a UAE-based investment group led by His Highness Sheikh Ahmed bin Sultan bin Khalifa bin Zayed Al Nahyan @asknahyan, have created a joint venture aiming to tokenize tens of billions of dollars of commodities and modernize cross-border
(1/9) Keeta and ASK Group @askgroupae, a UAE-based investment group led by His Highness Sheikh Ahmed bin Sultan bin Khalifa bin Zayed Al Nahyan @asknahyan, have created a joint venture aiming to tokenize tens of billions of dollars of commodities and modernize cross-border
(1/9) Keeta and ASK Group @askgroupae, a UAE-based investment group led by His Highness Sheikh Ahmed bin Sultan bin Khalifa bin Zayed Al Nahyan @asknahyan, have created a joint venture aiming to tokenize tens of billions of dollars of commodities and modernize cross-border
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