The Block|Nov 03, 2026 15:16
THE BLOCK: Kamino, a Solana-based lending protocol, said its foundation will commit at least $20 million over the next 24 months to expand its tokenized asset offerings and bring its credit and liquidity infrastructure to more consumer platforms.
In a letter to KMNO holders, CEO Michael Weisz said the foundation owns all onchain and offchain revenue and intellectual property, with most of his KMNO allocation subject to sustained valuation milestones. Weisz also outlined a goal of reaching approximately $50 billion in outstanding borrowings within five years.
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