Kamino names Michael Weisz CEO as its RWA push shifts to credit

What happened

Kamino appointed Michael Weisz as its chief executive on Tuesday and created an institutional team in New York City. The team will focus on using the roughly $4 billion of real-world assets on Solana as collateral for loans instead of letting them sit idle.

Confirmed

Global impact / market context

If Kamino can lend against real-world assets, it could unlock cash for asset owners and create a new revenue stream for lenders. This may boost activity on Solana and attract institutional money, but lending against illiquid assets raises repayment risk.

Analyst inference

The move suggests crypto firms are shifting focus from merely tokenizing assets, which means putting them on a blockchain, to actively using them for credit. This could pressure competitors to offer similar lending products and increase the value of holding RWAs on Solana.

Analyst inference

What to watch

1. Watch for further announcements from Kamino's new institutional team about which specific real-world assets, such as bonds or funds, will qualify as collateral for loans on Solana. Confirmed
2. Investors should track whether Kamino publishes loan performance data, including default rates, to assess how safely it converts the $4 billion in assets into borrowed money and profits. Proposed
3. Observe whether larger lenders on other blockchains copy Kamino's credit strategy, which could either expand the market for tokenized assets or trigger tighter regulation of such lending practices. Analyst inference

Affected assets

• SOL — Solana

Evidence

• cryptopolitan.com