Eric Schmidt-backed Keeta gears up for mainnet launch with massive 235 million wallets

Keeta—backed by ex-Google CEO Eric Schmidt—just dropped the mainnet countdown bomb. 235 million pre-launch wallets? That’s not a testnet—that’s an ecosystem ready to erupt.

Scaling at Hyperspeed

Forget incremental growth. Keeta’s coming in hot with near-instant finality and sub-penny transaction fees—aiming squarely at the legacy finance dinosaurs still charging $30 wire fees and taking three business days to move digital money.

The Schmidt Effect

When a tech titan like Schmidt places a bet, the market pays attention. His involvement signals more than capital—it’s a credibility quake. Traditional VCs might still be scratching their heads over “what’s a node,” but this move screams institutional-grade confidence.

Not Just Another L1

Keeta isn’t here to play nice. It’s built to bypass bottlenecks, cut out middlemen, and handle throughput that’d make older chains sweat. Mainnet launch isn’t a soft opening—it’s a statement.

Finance’s New Frontier—Or Another Overhyped Play?

Let’s be real: the crypto space loves a big number. 235 million wallets sounds impressive until you remember half might be bots, airdrop farmers, or Elon meme accounts. But even if only a fraction are real users, that’s still a tidal wave of activity most chains would kill for. Meanwhile, Wall Street still thinks “decentralization” is a risk category. Keep up, guys.

Keeta’s ambitions extend beyond speed

Keeta’s fundamental aim is to function as connective tissue for the global financial system, positioning itself as a common ground for disparate payment networks and digital assets. According to its website, the network is a unified LAYER designed to facilitate direct cross-chain transactions and the tokenization of real world assets.

This ambition is underpinned by a technical architecture claiming to deliver 10 million transactions per second with 400-millisecond settlement finality. While raw throughput is a headline grabber, the more critical innovation lies in its integrated regulatory features.

The Keeta team says the network natively incorporates know-your-customer protocols, digital identity verification, an on-chain foreign exchange mechanism, and a flexible rules engine. This suite of tools is designed to allow financial institutions and users to execute instant, compliant transfers across currencies and payment systems without adding layers of external complexity.

The project’s focus on compliant infrastructure is already bearing fruit through strategic partnerships. As reported in June, Keeta is facilitating credit data platform SOLO to build PASS, an on-chain, bank grade financial identity layer.

PASS utilizes verifiable credentials like income, crypto assets, and KYC data to create a portable, programmable credit bureau. This initiative seeks to provide digital asset owners with access to traditional lending services, including mortgages and small business loans, based on tokenized and trusted financial identities.

Governance and network ownership are managed through Keeta’s native token, KTA. Since its initial rollout in March, the token has garnered support from more than 13 exchanges, providing it with immediate liquidity upon the mainnet’s activation. KTA is designed to confer governance rights, giving holders a stake in the network’s future development and operational decisions.