Kamino Expands to New York, Appoints New CEO for Onchain Credit Business
- Kamino, a leading Solana lending protocol, manages approximately $1.4 billion in assets.
- The company is seeking around 20,000 square feet of office space in New York City.
- Michael Weisz, co-founder of Yieldstreet, has been appointed as CEO to drive the expansion into tokenized assets.
- Citi forecasts the market for tokenized securities could reach $5.5 trillion by the year 2030.
- Kamino allows users to lend or borrow against crypto assets and is now extending this model to include tokenized real-world assets.
The move to New York positions Kamino at a strategic location for engaging with asset managers and institutional capital in the evolving landscape of on-chain finance. This expansion reflects a growing trend where traditional financial institutions are increasingly exploring tokenization as a means to enhance liquidity and efficiency.
With its management of $1.4 billion in assets and plans for significant office space in New York, Kamino is poised to capitalize on the anticipated growth of tokenized securities by leveraging its lending model for both crypto and traditional assets.(Source)
