Keeta and SOLO have launched PASS, a self-titled first blockchain-native verified financial identity designed to give digital asset owners access to traditional lending products.
Announced on June 5, the collaboration between Keeta and SOLO, a credit data infrastructure platform, aims to address the challenge of how to bring trusted credit credentials on-chain.
PASS consolidates fragmented financial data, including KYC, income, cryptoassets and business credentials, into a single digital certificate controlled by the user. This verified identity can then be used by lenders to underwrite loans.
“As digital asset adoption accelerates, Keeta’s blockchain is the first to tackle the scale and regulatory overhead for an on-chain credit bureau, opening the door for lending, borrowing, mortgages, stablecoin payments, and more,” said Ty Schenk, CEO and Founder of Keeta.
“As the fastest blockchain in the world, our network uses stringent security measures and provides verified users with immediate lending qualifications, giving them instant and secure access to credit. We’re excited to see the use cases that PASS will create as we bridge traditional finance with the digital asset ecosystem.”
Keeta’s blockchain, capable of processing 10 million transactions per second and 400 millisecond settlements, will support PASS at scale. This enables a new on-chain credit infrastructure, unlocking lending, borrowing, and payment experiences within wallets, decentralised apps and embedded finance platforms.
What’s to come?
PASS sets out to solve a significant challenge, which has long stood as a barrier to mainstream crypto lending. This is bridging the divide between traditional finance and the digital asset world.
For years, fragmented and unverifiable financial data has kept lenders cautious, while compliance risks and fraud concerns have kept many crypto users locked out of conventional credit products.
By delivering a blockchain-native financial identity, PASS aims to bridge this gap. This breakthrough could open the door to the mainstream, which has so far remained on the periphery of widespread adoption.
The partnership between Keeta and SOLO will be rolled out in phases, starting with verified profiles, launching in Summer 2025. Later updates are set to introduce a lending marketplace with verified reputations, allowing borrowers and lenders to connect based on trusted credit data.
Additionally, stablecoin-based loan origination will offer borrowers real-world APR benefits, while integrations with banks aim to further embed crypto assets into traditional financial services.
“This is the first time that a blockchain network has made real-world financial credentials, like income, assets, and identity, verifiable, tokenised, and trusted for lending,” said Georgina Merhom, Founder of SOLO.
“Our partnership with Keeta allows us to build the trust layer of blockchain with real-world utility and the potential to power the next trillion dollars in lending. PASS delivers a portable, programmable credit bureau, owned by the people it’s built for.”
