New York · Wall Street · CoinDesk
Solana lender Kamino taps fintech veteran Michael Weisz as CEO for large U.S. expansion
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Kamino KMNO $0.02480, one of Solana's largest lending protocols with $1.4 billion of assets, is setting up shop in New York as it looks to bring its onchain credit business closer to Wall Street and expanding to tokenized assets.
Key facts
- Kamino KMNO $0.02480, one of Solana's largest lending protocols with $1.4 billion of assets, is setting up shop in New York as it looks to bring its onchain credit business closer to Wall Street
- Tokenized equities lead RWA inflows as the market recovers; Binance's bStocks hit ~$118.5M in two months, now #2 issuer and ~90% of on-chain equity DEX volume
- Weisz co-founded alternative investment platform Yieldstreet, now Willow Wealth, which deployed more than $6 billion alongside firms including Goldman Sachs, Carlyle, KKR and Ares
- Nasdaq-listed Solana treasury firm Forward Industries (FWDI) and digital asset manager Galaxy GLXY $ 22.27
- Market Closed also use Kamino’s infrastructure for tokenized equity and U.S. Treasury
Summary
Kamino, a Solana lending protocol with $1.4 billion in assets, is establishing a New York headquarters and named Yieldstreet co-founder Michael Weisz as chief executive. The company plans to expand lending against tokenized real-world assets, including blockchain-based home equity loans, as it builds closer ties with Wall Street firms. Kamino said it has processed more than $650 billion in transactions over four years, while deposits in its PRIME lending market surpassed $600 million within 107 days of launch. On Tuesday, the company named Yieldstreet co-founder Michael Weisz as CEO to lead that push.