Kadena, the industry’s only truly scalable Layer 1 Proof of Work blockchain, has announced the launch of a $25 Million Real World Asset (RWA) Grant Program to accelerate the institutional adoption of asset tokenization. This program coincides with the release of Kadena’s RWA token standard, which provides compliance and permissioning features essential for regulated securities and digital assets.
The grant program reflects Kadena’s commitment to the tokenization of real-world assets including bridging traditional finance and decentralized finance. It will foster innovation by supporting developers and entrepreneurs within the Kadena ecosystem. Focus areas include private credit, debt, alternative assets, real estate, digital identity, compliance, and expanding real-world use cases for tokenized assets.
Kadena’s RWA token standard takes inspiration from frameworks such as ERC-3643, also known as T-REX (Token for Regulated Exchanges), developed by Tokeny. This standard enables secure and regulated tokenization of real-world assets.
“Kadena was created to bridge the transformative potential of blockchain with the reliability of traditional finance systems,” said Stuart Popejoy, Kadena’s Chief Executive Officer. “Our RWA Grant Program and token standard are essential components of this vision, enabling compliant and scalable tokenization while paving the way for widespread adoption.”
“Tokenization will upgrade finance, bringing greater efficiency, transparency, and security to global markets. This grant program is one of many ways Kadena is enabling that transformation,” said Annelise Osborne, Kadena’s Chief Business Officer.
Projects will be assessed for viability by Kadena’s grants committee, with grant sizes determined on a case-by-case basis. Funding is expected to be deployed over the next 12 to 24 months. Kadena reserves the right to modify the program based on market conditions.
Applications for the RWA Grant Program are now open, and interested parties can visit kadena.io/grants for more information.
About Kadena
Kadena offers the industry’s only Proof-of-Work Layer 1 blockchain that is infinitely scalable, secure, and decentralized. Its infrastructure-grade performance and impenetrable network empower users to develop high-value systems using Kadena’s security-focused smart contract language, Pact. Founded in the US in 2017 by Stuart Popejoy and Will Martino, who previously created J.P. Morgan’s first blockchain and led the SEC’s Crypto Steering Committee, Kadena aims to drive widespread blockchain adoption by providing a Web3 platform for solving real-world problems for businesses. Explore more about Kadena at https://www.kadena.io.
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