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Keeta

Keeta is an innovative fintech banking app and private financial settlement layer that utilizes a public blockchain network, achieving over 10 million transactions per second with built-in KYC/AML compliance. Backed by industry veterans and significant investment from Eric Schmidt, Keeta aims to disrupt traditional financial systems by addressing scalability, anonymity, and transparency issues. The platform has already been piloted by major financial institutions and integrates features like anchors for interoperability and a unique fee structure, positioning itself for widespread adoption in the financial sector.

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0% found this document useful (0 votes)
453 views26 pages

Keeta

Keeta is an innovative fintech banking app and private financial settlement layer that utilizes a public blockchain network, achieving over 10 million transactions per second with built-in KYC/AML compliance. Backed by industry veterans and significant investment from Eric Schmidt, Keeta aims to disrupt traditional financial systems by addressing scalability, anonymity, and transparency issues. The platform has already been piloted by major financial institutions and integrates features like anchors for interoperability and a unique fee structure, positioning itself for widespread adoption in the financial sector.

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double.dhe89
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Keeta Report

Keeta's nothing like what the industry has seen before—a private financial settlement
layer and fintech banking app that opened a public blockchain network just a few weeks
ago. It boasts a whopping 10 million TPS throughput with sub-second deterministic
finality. With native KYC/AML support built-in, it’s here to kill SWIFT once and for all. It’s
not just talk either: Their private blockchain has already been in use at major financial
institutions all around the world.

Keeta is created by industry OGs who played a key role during the early days of
Nano/RaiBlocks (which peaked at a $4B market cap in 2017). The project is backed by
none other than Eric Schmidt, the man who turned a small startup named Google into a
multi-billion dollar empire. His lead investment of $17 million stands out both because of
its size and because it's his first involvement as an investor (second only to his advisory
role at Chainlink, an $8.4B project). The branding and design have been done by Red
Antler, whose other works include major financial companies Chime ($25B) and Ramp
($13B), the dating app, Hinge, and recently Figure Robotics.

Whether you're in it for the money or you're itching to revolutionize the financial world,
Keeta has something to offer. Let’s break it down:

Core technology​ 2
Made for institutional adoption​ 5
Actually adopted by institutions​ 8
A company or a token?​ 10
Team and organization​ 12
Why is it so cheap then?​ 15
What can change this?​ 17
Investment rationale​ 19
Sources​ 22
Conclusion​ 24
Core technology
KeetaNet is a technological marvel. It uses a small set of clever principles that result in
industry-defining performance while still being feature-rich. The 10 million+ transaction
throughput and sub-second deterministic finality is achieved using a lightweight
pseudo-DAG architecture, where each account has its own blockchain. Compared to its
predecessor, Nano, Keeta made two considerable changes:

Unmatched performance in the industry

Firstly, it offloads quorum to a client-server architecture and only uses the P2P network
to distribute finalized blocks. If a user wants to send money, their wallet contacts each
voting node individually. Each node gives an opinion on whether the transaction is valid.
Once all responses arrive, the user's wallet asks to turn these temporary votes into
permanent ones. When the incoming permanent votes reach the decision threshold, they
can be instantly broadcast to everyone via the peer-to-peer network.
The votes are cleverly bundled together with the blocks. Just like with JWT tokens, nodes
know if the votes are verifiably valid even without any inter-node communication.
Therefore, a decision is reached on the resource-abundant client-to-server architecture,
and only essential information makes it onto the P2P Network, which is usually the
bottleneck.
This makes KeetaNet a client directed protocol. The load of 10M+ transactions doesn’t
magically disappear, it’s dispersed to the network’s non-validating participants. When
submitting blocks the wallet software sends a direct request to each representative
directly. We can establish the total network traffic to be O(n*m), where n is the number
of transactions and m is defined as the representative count. Unlike with other chains,
the client sends O(m) requests, rather than O(1), while each (logical) representative
handles just O(n). Therefore, we can determine the load on each voting node to be
scaling linearly. This conveniently facilitates the second key improvement: horizontal
scaling.

2
The voting process is finalized before a block makes it onto the P2P network

Secondly and most importantly, KeetaNet’s scales horizontally. Every day billions of
people browse services like Google and Facebook. How could this be possible, when a
single computer can only serve around 100K requests per second? Naturally, the answer
is by adding more servers that each take on different requests. Following this logic, is it
then realistic for current chains to scale to global adoption? Rollups, shards, and
supernodes all offer remedies, but none actually solve L1’s throughput limitations.
Keeta’s technology is truly horizontally scalable, a critical feature often promised but
never delivered in blockchain projects. So not only does the network become faster with
stronger nodes (better CPUs), but also by simply adding more of them. For instance, it’s
considerably easier to add 500 new computers, than to find a server that´s 500 times
faster.
Before we examine this claim, let's look at the consensus invariants. Each transaction
needs to be validated by a majority of the network, value conservation must be
maintained (double spends are not allowed), and the ledger must be eventually
consistent. There's no inherent rule requiring each node to process every transaction.
Let’s say it’s Christmas and Alice is sending some USD to Bob, while Charlie surprises
Dave with some tokenized gold at the same time. Their transactions have nothing to do
with each other. Keeta exploits the independence of parallel transactions on the
network, so SENDs A→B and C→D can be handled by different workers simultaneously.
When you expand this idea—trading computation for higher throughput, it becomes
apparent how KeetaNet is able to scale to universal global adoption.
Some edge cases, such as when Alice accesses their wallet from two locations
simultaneously or spends freshly received funds very quickly, may require more careful
handling. However, the vast majority of cases should be covered by the happy path. Feel
free to ask CTO Roy directly if you're interested in learning more.

3
KeetaNet node architecture

You might feel tempted to ask how these separate physical nodes synchronize to
function as one logical node. The answer lies in the underlying database. Each node
connects to a distributed DBMS, such as PostgreSQL, Google Spanner, or AWS
DynamoDB. Importantly, the previously explained improvements enable the database to
scale horizontally as well. Thanks to the virtual DAG architecture, each account can
move between shards or database nodes, and there should be no cross-shard
transactions either.

A node may comprise several servers, increasing redundancy, and allowing for horizontal
scalability.

4
The primary target for running nodes are cloud providers. Their serverless architecture
enables representatives to be small, but automatically scale up to the demands of the
network. Using Google Cloud this has reached 10M+ transactions per second, though
other cloud providers like AWS were only able to handle around 2M as of a couple years
ago. It's important to emphasize that the project isn't strictly dependent on cloud
providers. Anyone with strong enough hardware can run representatives on their own
servers. Be it dedicated hobbyists, crypto exchanges, or major financial institutions.
Perhaps the most impressive part? Because the network is so ridiculously efficient,
sustainable fees on the main net can be as low as $0.00005, practically nothing
compared to most blockchain transaction costs.

Some humble bragging by the team in the whitepaper.​


Note that performance critical modules are implemented in Rust.

This was a simplified introduction to KeetaNet. After all, this is the work of 10+ engineers
over 4 years. I strongly recommend diving into their whitepaper for the technical details
of how Keeta relates to established technologies and improves upon them. For those
wanting a gentler introduction, their docs provide a more accessible overview.

5
Made for institutional adoption
Crypto has been around for approximately 16 years now, yet it’s barely—let’s be
honest—not at all adopted by traditional finance. Chains like Ripple and Solana might be
faster and more accessible than SWIFT, but they show no signs of institutional
acceptance. Despite their unpopularity with the crypto community, blockchain
settlement layers, like JP Morgan’s Kinexys are much closer to providing real world value.
Why is that? One major reason is a lack of know-your-customer compliance. KeetaNet is
compliant with the Travel Rule from the get go, not to mention PCI DSS Level 1, and
ISO20022.
While others were waiting to bend regulations to fit their technology, Keeta had
patiently created something that already aligns with the current regulatory
environment.

A fictional scenario demonstrating the versatility of the KYC tech

The focus on onboarding traditional finance companies is evident in their approach. The
headline feature is KYC/AML built directly into the chain itself. Consider this: when
someone sends USDC between Ethereum addresses, it doesn't comply with regulations
that require identifying parties in fiat-to-crypto transitions. Keeta solves this elegantly.
Rather than delegating compliance to exchanges, it tracks identities throughout the
blockchain while preserving privacy.
Here's how it works: I verify myself with a trusted institution—currently, this is Footprint,
but in the future it may be a government agency or a regulated crypto exchange. Once
verified, I can freely spend my USDC anywhere. When a merchant receives my payment,
they immediately know it came from a verified customer and don't need to worry about
compliance issues. If authorities need to investigate a transaction, they can follow the
attached certificates to the appropriate identity verifier. The beauty is that nobody
except the original verifying institution sees any personal data. Other participants simply
know that an address has been verified by a legitimate institution.

6
Keeta is the first in the industry with native compliance with the Travel Rule, with
ISO20022 in the pipeline.

The enterprise features extend far beyond identity verification. Anchors represent
another major innovation. They bridge the gap between other payment solutions,
blockchains and Keeta's network. For example, a crypto exchange could establish an
anchor to Bitcoin while a bank creates an anchor to fiat currency. A user wanting to
exchange their Bitcoin could send it through the exchange's anchor, trade it on Keeta's
DEX, and withdraw the proceeds directly to their bank account through the bank's
anchor. All of this happens while maintaining full KYC/AML compliance, effectively
commoditizing the services that today's crypto exchanges provide but with greater
interoperability and regulatory clarity.

●​

The vision for the Keeta network​


with anchors providing interoperability

7
What's clear is that KeetaNet's modularity is exceptional. Beyond the global settlement
layer of the main net, custom subnets can serve specialized needs—whether it's a
privacy-focused sub-network for domestic banks or even a completely detached
network for a theoretical Mars colony. Their support for multiple encryption schemes
ensures quantum readiness, while the flexible fee structure adapts to various use cases.

Perhaps most impressive is their permission system, allowing asset issuers to define
precise rules for their tokens. Imagine a Swiss bank issuing tokenized gold on
Keeta—they could restrict transfers exclusively to wallets verified by Swiss financial
regulators, ensuring regulatory compliance. Unlike traditional blockchains where every
transaction is visible to all, token issuers can limit transaction visibility to only voting
nodes, perfect for banks moving large sums that shouldn't be publicly broadcast. Albeit
this is not currently implemented and is more relevant on private subnets, where not
everyone can become a validator.

8
Actually adopted by institutions
Keeta effectively tackles the three major
obstacles preventing traditional finance
from embracing blockchain: inadequate
scalability, anonymous wallets, and overly
transparent ledgers. Given these
innovations, you'd expect financial
institutions to be clamoring for
access—and according to early evidence,
they are. The project has been running pilot
programs with several financial institutions.
Their PCI-DSS Level 1 production system
has served as the authoritative
record-keeping system for account
balances at partner banks in 50 regions, as
revealed by the Keeta Team. That is, Keeta
replaced not only their settlement layer, but
also the banks’ internal ledger. While
specific results remain under wraps,
documents from Zawya showed a
partnership with Bank of America for
Company details from the London Stock
something called the "Money Transfer
Exchange Group's MENA Company Data
database Service" or BOTS, perhaps suggesting BofA
as one of their early adopters.

Their second major pilot involves


debit cards. They've collaborated
with Visa to create cards directly
integrated with Keeta's
technology, allowing funds to
move straight from Keeta
accounts to merchants. Ty
Schenk's communications have
hinted at Keeta's technology
potentially serving as a ledger for
Visa itself—an integration far
Real life video of a Keeta Debit Card​
deeper than typical crypto card
shared in the Keeta Discord by Ty Schenk
offerings. And this isn't just
speculation, here's a video
showing a physical Visa debit
card powered by Keeta.
The Keeta Debit Card is actually just a piece of a much larger puzzle. Before their
cryptocurrency pivot, Keeta offered KeetaPay, a Venmo-like fintech application in a

9
closed beta, as reported in Tech Crunch and Fintech Futures. It was an app for easy and
cheap international transactions—all powered by the Keeta Network.
The product was in an advanced stage, having established fiat partners in multiple
regions: Community Financial Services Bank in the US, Currency Cloud in Europe and the
UK, and Banco Dondé in Mexico. These FIs provided the account balances and the
integration to the local bank transfers. These are revealed in the footer of their old home
page, and CFSB is also written on the physical debit card. Notably, CurrencyCloud,
being a Visa product, further supports Keeta’s connections to Visa. Moreover, there are
company records supporting the existence of Keeta subsidiaries for local payment
integrations. However, these partnerships aren’t active anymore, because of Keeta’s shift
towards network-wide stablecoins. Such a provider is expected to be revealed in the
coming months and KeetaPay will likely make a comeback in Q4—this time without the
in-house regulatory burden.

KeetaPay’s legal disclaimer (page footer) from late 2024 names CFSB, Currency Cloud,
and other financial institutions as their payment rails providers. Company records support
the existence of these payment subsidiaries (Canada, UK).

10
A company or a token?
Most references in the report have been to Keeta Inc., the company, rather than the
Keeta cryptocurrency. This is intentional. Their previous offering consisted of a
consumer-facing Venmo-like payment application and a permissioned blockchain,
similar to JP Morgan Onyx. The sales team approached banks and financial institutions
individually. They claim to have been successful, with banks piloting their technology in
50 regions.
However, this was a very slow and labor-intensive process. The CEO describes this
approach in detail in an interview with Keeta Hill. Eventually, they decided to launch a
public network—the one you can buy into today. They aim to disrupt the industry with
their groundbreaking technology, forcing players to adopt it or be left behind, while
accelerating the network effect through their existing partnerships.

The CTO's messages from the Keeta Discord server,​


providing some clarity to why they pivoted to a public blockchain instead of having
businesses integrate into their API

As part of this pivot, Keeta Inc., the company behind KeetaNet, provided an exclusive
license to the Keeta Token Genesis company for launching and maintaining a public
blockchain network. However, it retains the right to use this technology in other sectors.
What benefits does the KTA coin provide then? Keeta's native coin buys you voting
weight on the main network. Fees are paid in KTA on the main network, and staking
rewards also come in this token, similar to ETH and SOL. (Sub-networks can choose their
own primary token for fees; a central bank would likely opt for its own currency. The
project has been created in the US, potentially qualifying for any future tax benefits.)
Conventional staking doesn't exist, but token holders may have other revenue sources.
To understand this, we first need to understand fees on the Keeta Network. As part of
the consensus, users passively delegate their balance to representatives who use this
assigned voting weight for network decisions. Users' wallets select the cheapest

11
combination of votes that reach the quorum threshold. Inefficient or greedy validators
are priced out, excluding them from earning transaction fees. Major token owners can
delegate to their own representatives and effectively sell their own votes on the
network. Depending on how the network's economics develop, representatives may offer
small cashbacks to everyday holders as an incentive for delegation. Additionally,
Anchors and DEXes will likely need liquidity and may offer rewards to those providing it.

12
Team and organization
The team behind Keeta is honestly stacked. CEO Ty Schenk has been active in crypto
since 2012. Back in 2018, he was building an ambitious finance app called Brainblocks on
Nano. That project ultimately failed, partly because Nano's leadership remained
committed to their vision of a purely decentralized, feeless payment
system—fundamentally incompatible with Ty's institutional adoption goals.

CEO Ty Schenk (pictured center-right) and CTO Roy Keene (pictured center-left) posing
with two (ex-)Keeta employees

Despite Nano's commercial challenges as a project, its underlying technology had


deeply impressed Ty. The technological potential stayed with him even as he moved on.
Years later while working at Steel Perlot, Ty pitched his evolved concept of a DAG-based
blockchain system for revolutionizing traditional finance to Eric Schmidt. The idea,
building on Nano's technical strengths but reengineered for institutional adoption,
resonated so strongly that it led to a $2 million funding round, followed by another $15
million once Ty had proved the technology was working to Eric. Ty then recruited Roy
Keene, who had been Nano's lead developer during its peak, to join as Keeta's CTO.
Eventually, the team grew to over 20 people, the majority of them engineers.

13
Roy Keene’s impressive work history.​
You can rest assured that the technology is in good hands.

Eric Schmidt's enthusiasm for the project can't be overstated. This isn't just another
investment for him—it's his first official blockchain investment and only his second
involvement in the space after serving as an advisor to Chainlink (currently a top 15
crypto project). When his investment firm Steel Perlot encountered difficulties, Schmidt
transferred his investment to his family office Hillspire LLC rather than abandoning the
project. Eric also followed @KeetaNetwork shortly after the project went live, further
proving his ongoing involvement. The ex-CEO of Google reportedly claimed this could be
the largest project he's ever been involved in. At first glance, this comment sounds
utterly insane, but I trust his comments will age finely. Interesting side note: the CEO of
Crypto.com has also been following the Keeta Network Twitter account since day 0.

14
Ty Schenk and Eric Schmidt are reportedly friends. Schmidt recently followed Keeta on
Twitter to quietly prove his involvement.

Eric’s not betting on some random L1 with no PMF—he’s betting on next-gen decentralized
infrastructure. SWIFT is a dead man walking. Legacy rails can’t compete with instant,
borderless, trustless systems. He sees what’s coming: value transfer without middlemen,
programmable money, and infra built by cracked, battle-tested devs that actually works.
This isn’t hype. It’s the replacement for the backbone of the internet and finance. You think
it’s a LARP—he sees the protocol that kills SWIFT. (Enjoy some good pasta)

The project's other known investors are Habitat Partners and Nelson Mills. Initially, they
invested in Keeta's technology before it pivoted to a public blockchain. Their equity has
since been converted into a coin allocation listed as "Early Investors" in the tokenomics,
meaning Eric Schmidt owns KTA tokens. There was apparently another planned
investment from Saudi entities that was vetoed by the Committee on Foreign Investment
in the United States (CFIUS).

The CEO's comments on an unspecified investment from the Middle East

15
Why is it so cheap then?
Several factors explain Keeta's current valuation: broader macroeconomic uncertainty,
fatigue from the recent flood of crypto scams, and most significantly, information
asymmetry and limited awareness. Those who've deeply researched Keeta tend to
become passionate advocates. However, when they share on Crypto Twitter, their claims
often face immediate skepticism. The combination sounds too good to be true: 10 million
transactions per second? Backing from Google's former CEO? Banking pilots before
public launch? All at a market cap that started at just $4 million and now sits around
$40 million?
After years of hype cycles and disappointments, many crypto investors have become
numb to bold claims. Most lack the patience to thoroughly investigate, especially when
the information is so fragmented. The result is a narrow reach, with price movements
largely driven by the same dedicated investor base going all-in on any dips.
This limited awareness stems partly from the team's unconventional approach. Investors
typically expect projects of this caliber to raise millions from crypto-native VCs and
launch at extremely high valuations. But the Keeta Team has avoided standard crypto
marketing tactics: no sponsored articles, no airdrops, no incentivized test net, and
notably, they haven't paid for exchange listings either.

CoinMarketCap still hasn't verified the tokenomics despite sufficient evidence from the
team, resulting in immediate dismissal from many potential investors.

Their stealth launch on Base (Ethereum L2) meant everyone had fair access and even
major players were forced to buy from the market. This used to be common
practice—both BNB and Polygon launched on Ethereum before their own mainnet went
live.

16
Token allocation from Keeta's project docs with 400M available to
buy from the market

This strategic move allows for a strong community to be fostered before mainnet
launches and effectively giving the supply of KTA to early believers instead of extractive
VCs, while simultaneously showcasing their confidence in their product.
Information about Keeta remains largely confined to their Discord server, which makes it
difficult to search and share on other platforms. New users continually ask questions
that have been answered dozens of times. Remarkably, the team remains highly
accessible, with even the CEO personally responding to community questions.

There are valid points to be raised about Keeta... just maybe not this one 🤦
Finally, investors doubt if the novel technology works. The market ignored strong
circumstantial evidence, instead seeking quick confirmation like when Eric Schmidt
followed @KeetaNetwork. Few examine the whitepaper or test the testnet's limits.

I spent hours absorbing everything and connecting concepts to my knowledge from


developing for Nano. After extensive discussions with the CTO, my conclusion is clear:
It's real. But I recognize my limitations. I don’t understand everything yet. Their devs are
much smarter than I am. Eric hand-picked developers and offered seven-figure salaries
for a reason. Even if somehow Keeta doesn't succeed as a project, these concepts will
shape the blockchain industry's future.

17
What can change this?
Several upcoming milestones could dramatically shift market perception:
●​ Few days ago: Keeta was silently added to Chainspect’s blockchain performance
monitoring service. It swiftly topped their charts, thanks to a community
organized mini-stress test. The market deemed this a preliminary confirmation of
Keeta’s technology.

The considerably handicapped Keeta testnet​


is already topping Chainspect’s charts.

●​ Mid May: Independently audited benchmark confirming the claimed 10 million


transactions per second throughput. This will set a world record for blockchain
TPS and represents a major milestone for Keeta. The event will likely be highly
publicized, with "partners that helped them get here" being invited. Reportedly, the
benchmark has been delayed (from late April) due to coordination with these
parties. Whether these partners refer to their banking connections, engineers
from Google, or even Eric Schmidt himself remains to be seen. Having already
had multiple articles written about them during their invite-only stage, it's
unlikely they won't coordinate for more publicity.

Hmm, I wonder what implications this has.

●​ Following months: Reveal of Keeta's stablecoin partner. I will refrain from further
speculation, but reading between the lines suggests this might be one of their
bigger announcements.

18
The now outdated roadmap for the project with completed items being highlighted in
yellow.

●​ Following months: Launch of Anchors, their framework for integrating with other
chains. This will come alongside a publication similar to their whitepaper,
covering the exact details of this protocol.
●​ Following months: Introduction of a first-party decentralized exchange (DEX)
capable of exchanging fiat to KTA, BTC, or any other token on the Keeta Network,
effectively providing their own (C)EX for buying Keeta. This was previously
mentioned by the team and is visible on their home page, though no launch date
has been communicated.
●​ June: Keeta Network's mainnet launch, when the code for their record-breaking
technology will be released. Details remain unclear at the time of publishing. “6-7
major partnerships lined up to go live around mainnet, each of them would
single-handedly be the biggest catalyst on other chains” (Twitter Spaces– 24:50)

KeetaPay in its invite-only stage, as reported in TechCrunch.

19
●​ Q4 2025: KeetaPay and the Debit Card will likely make a comeback once the
network's stablecoin providers are established and the card gains regulatory
approval. Ty's goal is to be "debanked" by the end of the year, implying the
continued existence of KeetaPay and its return in 2025.

20
Investment rationale
So to sum it up, Keeta has created scalable and compliant infrastructure that is ready to
move value around the world. Whether it's remittances or broader money movement,
Keeta may not only have a real shot at taking on a portion of the 200+ trillion dollars
worth of money transferred annually—a lucrative, inefficient, and legacy market—but
also to handle a variety of asset classes, from gold to stocks. Albeit at the cost of a
compromise to unconditional decentralization and user anonymity.

Ty Schenk pointing out a fatal flaw in other major chains

The asymmetric upside potential is difficult to quantify. Looking at the markets Keeta
aims to disrupt, I've calculated potential valuations so disproportionate to the current
$50 million market cap that writing them down would undermine the paper's credibility.
So I'll leave the long term evaluation as an exercise for the reader. However, I will
present a short to medium term estimate.

21
How fast each chain is compared to their market cap.​
On a logarithmic scale.

Keeta is an extraordinary investment opportunity given its unique positioning at the


intersection of Layer 1 blockchains, real-world asset integration, and payment
technology. Its exceptional throughput of 10 million TPS and sub-second deterministic
finality, combined with native KYC/AML compliance, distinctly differentiates Keeta from
its competitors. The conservative tokenomics, and wide list of catalysts, such as tradfi
partnerships and a benchmark for a world record in transaction throughput, provide
further confluence in an investment in Keeta.

KTA chart

22
Keeta has found good support in the $40-60M area and I believe the downside is
extremely limited as KTA has held up extremely well despite the fact ETH had a 30%
decline in a week earlier this month, coupled with global uncertainty with tariffs. We can
safely assume that $KTA is highly undervalued at the current price around $0.14 per
token. It is also safe to say that Keeta will not be trading in this price range come June
2025 as they are set to launch mainnet and expand on their institutional partnerships.
The exact correction will remain to be seen, but conservatively I see the short term
potential growth on Keeta to be at least 25x from the time of writing. This evaluation
would put KTA at a market cap of $1B. This should be reached by either or both of the
following catalysts: Highly publicized world-record stress test, reveal of their native
stablecoin partner, or simply increased awareness of the project. However, if the
technology is proven in the real world—coupled with an announcement of a successful
banking pilot, and perhaps sprinkled with an official endorsement from Eric Schmidt,
this could trigger a wave of speculation never seen before in the history of
cryptocurrencies. Just look at what happened to Nano ($XNO) towards the end of 2017:)

Keeta Ethereum Solana Avalanche XRP Stellar


Feature
(KTA) (ETH) (SOL) (AVAX) (Ripple) (XLM)

Transaction ~65,000 ~4,500 ~1,500 ~1,000


10M+ TPS ~120 TPS
Throughput TPS TPS TPS TPS

Finality <0.4s ~12s ~0.4s ~1s ~4s ~5s

Native
Yes No No No Partial Partial
KYC/AML

Circulating
400M 120M 510M 410M 58B 30B
Supply

Total Supply 1B ∞ 598M 720M 100B 50B

Current
Market Cap
~$50M ~$200B ~$70B ~$8B ~$30B ~$8B
(at time of
writing)

Peak Market
Cap (at time ~$90M ~$570B ~$120B ~$30B ~$170B ~$16B
of writing)

This final note is for the unconvinced: This is currently priced the same as a C- tier
memecoin. Even if you're in the industry, you have to admit the meme coin narrative can't
last forever. Utility season is coming, and Keeta is positioned perfectly. Go buy a coffee's
worth or go full degen like that one wallet that top blasted $600k—I don’t care. Just
consider how you will think back to this moment in the future.

23
Sources
I noticed a lot of sources are from the team members. Why should I believe anything
they say? Firstly, there are some big entities whose reputation is connected to them. Eric
Schmidt, Habitat Partners, and Red Antler are confirmed to be involved in the project.
There are press releases dating back to 2023 reporting on Eric Schmidt's investment,
not to mention Schmidt beginning to follow Keeta's Twitter account a few weeks ago.
Eric’s also the 54th wealthiest individual globally—he’s sure to have done his due
diligence.
Secondly, the project's tokenomics are set up very conservatively. There aren't any
unlocks happening for months, meaning they have to deliver on their ambitious claims at
a strict schedule in order for their tokens to be worth anything. Not to mention the
liquidity pool also being locked.

Graph depicting the token unlock schedule​


from Keeta's project docs

Finally, the project is way too high effort. Between the respected backers, conservative
tokenomics, and this level of polish, it's clear the team fully believes in what they're
building. Is everyone caught up in a shared delusion, or are they actually building
something revolutionary? I'll let you be the judge.

I know this is a lot of information at once. I encourage the kind reader to do their own
research. Although I'm happy to provide general guidance and share information that
hadn't been included in the report, I recommend starting your research independently
and asking questions in the Discord. The report is very sparse with direct references to
sources. Unless marked otherwise, the sources are official communications from the
Keeta Team. Here’s a non-comprehensive list of my sources:

●​ Keeta Docs
●​ Keeta Whitepaper

24
●​ Keeta Website—including old versions.
●​ Keeta Litepaper—now outdated.
●​ Keeta Discord—filter for messages from “schenkty” and “rkeene”.
●​ Keeta Twitter—including many hour-long Spaces.
●​ Keeta employees’ public Twitter accounts.
●​ Ty Schenk in Forbes 30 under 30—Los Angeles local edition, not the national
Forbes 30u30.
●​ Eric Schmidt backs Keeta, a startup working to make cross-border payments ‘as
easy as Venmo’—Tech Crunch 2023
●​ Keeta, a startup aiming to be the Venmo of international payments, just raised
$17 million in a round backed by ex-Google CEO Eric Schmidt with this 13-slide
pitch deck—Business Insider 2023
●​ Cross-border payments start-up Keeta launches with $17m funding—Fintech
Futures 2023
●​ Intervew with Ty Schenk
●​ SEC Filings, Canadian Subsidiary, UK Subsidiary, Trademark Registry
●​ Zawya, CrunchBase
●​ Habitat Partners’ Portfolio
●​ My computer science background
●​ Nano community discussions
●​ Old BrainBlocks materials

25
Conclusion
I hope you enjoyed this report. By sheer luck, I've been active in the community since day
one. I immediately sensed Keeta's uniqueness and invested significantly. To verify my
investment thesis, I became completely obsessed: I memorized team communications,
conducted extensive open-source intelligence research (discovering their unreleased
block explorer, iOS wallet, payment gateway, and even leaking their browser wallet), and
consulted domain experts to validate the technical foundations. There are probably
fewer than ten people globally with my level of knowledge about this project. I'm sharing
this information freely, and only asking for a modest voluntary commission when this
reaches billion-dollar status.

Note the team will likely reject OTC buy offers, but I may be able to help facilitate such
deals. For equity in Keeta inc contact the team directly.

What could this be?:)

Ethereum (KTA please): 0x1B4F8bb94Ce86929A4200428b030ae1a76472887


Bitcoin: bc1qm7ytlvdtp23hxq23r9684hgmhp25678l4ukeg6
Monero:
429jWu7m3iYQ6XBBooSYKHPywTxGhVuJWDeXvZy6UAex91To8hHCf8wPEou9AZDy55dD
7jfhMb1j8HiXE1w65WRxVhRfTy9

Twitter: xescure
Telegram: xescure
Signal: xescure.01

Not financial advice. Thank you for your help with the project Ario and Jamie. All rights reserved. Not
affiliated with Keeta. Although an effort was made to only include publicly available information, the author
does not take any responsibility for insider trading. Updated on 10 June 2025.

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