{"id":73866,"date":"2026-06-11T06:06:47","date_gmt":"2026-06-11T06:06:47","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/ask-group-taps-eric-schimdt-backed-keeta-to-tokenize-oil-gold-and-copper\/"},"modified":"2026-06-11T06:06:47","modified_gmt":"2026-06-11T06:06:47","slug":"ask-group-taps-eric-schimdt-backed-keeta-to-tokenize-oil-gold-and-copper","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/ask-group-taps-eric-schimdt-backed-keeta-to-tokenize-oil-gold-and-copper\/","title":{"rendered":"ASK Group Taps Eric Schimdt-Backed Keeta to Tokenize Oil, Gold and Copper"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"@container mb-[25px] rounded-sm overflow-clip py-0.5 pr-0.5 pl-2.5 bg-success-100\">\n<div class=\"flex flex-col gap-m overflow-clip rounded-[6px] !bg-success-10 p-3 @[420px]:p-m\">\n<h2 class=\"m-0 flex items-center gap-s text-[19px] !text-[#1c1c1c] md:text-[20px]\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"10\" viewbox=\"0 0 16 10\" fill=\"none\" class=\"shrink-0 text-success-100\" aria-hidden=\"true\"><path d=\"M1 1.5h14\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><path d=\"M1 8.5h10\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><\/svg><span>Key Takeaways<\/span><\/h2>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">UAE\u2019s ASK Group and Keeta launched a joint venture to tokenize physical Gulf assets by 2027.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Keeta\u2019s Layer 1 blockchain speeds up global remittances, processing 11.2 million transactions per second.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">ASK Group will scale this regulatory and commodity tokenization blueprint across the MEA region and India.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<h2>Gulf Commodities to Go Digital<\/h2>\n<p>A United Arab Emirates investment group and Keeta, a U.S. <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-is-a-blockchain\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">blockchain<\/a> company backed by tech billionaire Eric Schmidt, have launched a joint venture to tokenize physical Gulf commodities onto a public exchange accessible to global investors. The partnership between UAE-based ASK Group and Keeta plans to launch the public exchange by 2027.<\/p>\n<p>According to a <a href=\"https:\/\/www.prnewswire.com\/news-releases\/keeta-and-ask-group-announce-joint-venture-to-modernize-global-finance-from-the-uae-302794969.html\" target=\"_blank\" rel=\"noopener noreferrer\">news release<\/a>, the platform will convert physical assets like oil, <a href=\"http:\/\/www.bitcoin.com\/get-started\/bitcoin-vs-gold\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">gold<\/a>, silver and copper into fractional digital tokens backed 1-to-1 by audited reserves. While retail and institutional investors currently rely on indirect exposure through futures or exchange-traded funds, the joint venture aims to democratize direct asset ownership. Under the plan, investors from Tokyo to London can purchase fractions of commodities with 400-millisecond settlement times and real-time, on-chain proof of reserves.<\/p>\n<p>\u201cThis partnership is a long-term commitment to building the infrastructure that will define how trillions of dollars in real-world assets move,\u201d said Sheikh Ahmed bin Sultan bin Khalifa bin Zayed Al Nahyan of the ASK Group.<\/p>\n<p>Beyond commodity tokenization, the initiative targets the Middle East\u2019s high- <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-is-trading-volume\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">volume<\/a> cross-border<a href=\"https:\/\/news.bitcoin.com\/beyond-the-dollar-how-local-stablecoins-and-tokenization-are-reimagining-global-liquidity\/\"> remittance market<\/a>. The UAE serves as a critical origination hub for global remittances, anchored by the $20 billion annual UAE-India corridor alongside major pipelines to Pakistan, the Philippines and Kenya.<\/p>\n<p>Keeta\u2019s technical infrastructure, which was stress-tested alongside Google\u2019s Spanner engineering team, has achieved a verified 11.2 million transactions per second. The joint venture will deploy an \u201canchor model,\u201d allowing licensed commercial banks, exchange houses and remittance providers to link into Keeta\u2019s <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-is-the-difference-between-layer-zero-one-two-and-three-blockchains\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">Layer 1<\/a> network via a single software development kit.<\/p>\n<p>By utilizing a unified integration, regional financial institutions can bypass traditional intermediary banks, executing <a href=\"https:\/\/news.bitcoin.com\/circle-and-nium-partner-to-fuel-usdc-cross-border-crypto-payments\/\">cross-border transfers<\/a> in less than half a second.<\/p>\n<p>\u201cTogether we are going to take assets and payment flows that have operated the same way for decades and put them on rails built for the next century,\u201d said Ty Schenk, founder and chief executive of Keeta.<\/p>\n<p>To address compliance, Keeta\u2019s network features a native identity and regulatory architecture. Asset issuers can embed transfer restrictions, jurisdictional controls and investor accreditation rules directly into the commodity tokens. The network automatically enforces these parameters on subsequent transactions, eliminating third-party compliance intermediaries.<\/p>\n<p>Under the exclusive agreement, ASK Group will manage and scale Keeta\u2019s operational footprint across the UAE, the broader Middle East and Africa region, and India. Initial phases will focus on launching the UAE blueprint before expanding tokenization models to broader Gulf Cooperation Council markets.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/ask-group-taps-eric-schimdt-backed-keeta-to-tokenize-oil-gold-and-copper\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways UAE\u2019s ASK Group and Keeta launched a joint venture to tokenize physical Gulf assets by 2027. Keeta\u2019s Layer 1 blockchain speeds up global remittances, processing 11.2 million transactions per second. ASK Group will scale this regulatory and commodity tokenization blueprint across the MEA region and India. [&hellip;]<\/p>\n","protected":false},"author":10,"featured_media":73867,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/73866"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=73866"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/73866\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/73867"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=73866"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=73866"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=73866"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}