Kamino Commits a Minimum $20 Million to Expand Tokenized Lending as CEO Michael Weisz Outlines Plans for KMNO
CEO's letter details a $2.3 trillion market projection, a 24-month financial commitment and the Foundation structure
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Kamino, the largest credit protocol on Solana and a leading platform for tokenized real-world asset lending, today announced that the Kamino Foundation is committing $20 million over the next 24 months to support its long-term growth plans.
The commitment was outlined in a Q4 2026 letter to KMNO holders from CEO Michael Weisz, who also detailed the Foundation’s structure, how value accrues to the Foundation and how Kamino’s leadership is aligned with token holders.
“We are committing $20 million over the next 24 months to pursue our vision, and the Foundation holds significant reserves beyond that value,” Weisz wrote.
Kamino projects the tokenized real-world asset market could reach $2.3 trillion by 2030. Since launching in 2022, Kamino has processed more than $615 billion in transaction volume and originated more than $21 billion in loans, with zero security incidents, oracle manipulations or bad debt. Weisz’s goal is to reach approximately $50 billion in outstanding borrowings within five years, roughly 50 times today’s level.
“Our 2030 market projection illustrates the scale of that ambition,” Weisz wrote.
Beyond the company’s growth plans, Weisz used the letter to address KMNO’s role in Kamino’s future and his own commitment to token holders.
“KMNO is central to how I think about alignment, capital allocation, and my own role at Kamino,” he wrote. “I chose to tie my upside to it.”
A Structure Built Around KMNO
In his letter, Weisz outlined how the Kamino Foundation operates and how its structure is intended to align the business with KMNO holders.
According to the letter, the Foundation has no shareholders, members or beneficiaries and is governed by an independent board. All onchain and offchain revenue and intellectual property accrue to the Foundation.
“There is one Foundation, and there is only KMNO,” Weisz wrote.
Weisz also addressed how Kamino’s founders, core contributors, investors and strategic stakeholders are aligned through KMNO, including the conditions tied to his own token allocation.
Most of Weisz’s KMNO allocation vests only when increasing valuation milestones are reached and sustained.
“Each milestone must be sustained. A temporary price increase does not satisfy the requirement,” he wrote.
Why Institutions Are Watching
“Institutions will only bring real-world assets onchain at scale if they trust the team and governance behind a protocol, and that trust starts with transparency and proper disclosure,” said Tushar Jain, co-founder and managing partner of Multicoin Capital. “Michael has set out where value accrues, how the team is aligned through KMNO and how the Foundation structure works. That openness makes Kamino an ideal partner for the originators, brokerages and wealth platforms it aims to serve.”
Weisz closed the letter by reaffirming his commitment to Kamino and its token holders.
“I believe deeply in what we can build here,” Weisz wrote. “My own commitment reflects that conviction. One Kamino. One KMNO. Let’s build together.”
The full letter is available at kamino.com/blog.
About Kamino
Kamino is the largest credit protocol on Solana and the largest credit platform for real-world assets onchain, with more than $650 billion in cumulative transaction volume and more than $20 billion in loans originated with zero bad debt across every market cycle. The protocol has never experienced a hack or security incident and has undergone more than 30 independent audits and four formal verifications.
Kamino’s infrastructure is fully open source and is used by institutional participants, including licensed exchanges, federally chartered digital asset banks and publicly listed companies such as Nasdaq-listed Forward Industries and Galaxy.
To learn more, visit www.kamino.com, follow @Kamino on X or connect on LinkedIn.
Disclaimer: This announcement is for general information only and is not an offer or solicitation to buy KMNO or any other asset, nor is it investment, legal or tax advice. KMNO is not a claim on Foundation revenue, distributions or equity. Statements about future plans, including potential programs supporting KMNO, may change and involve risks and uncertainties. Holding KMNO involves risk, including the risk of losing its full value.
View source version on businesswire.com: https://www.businesswire.com/news/home/20261102540184/en/
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