Keeta Network has announced the launch of the PASS platform, which will provide digital asset holders with access to credit services such as mortgages and small business loans.
PASS Platform Features
PASS will operate as a next-generation credit bureau integrating components like Know Your Customer (KYC) and Know Your Business (KYB), as well as verifiable credentials for income and crypto assets. These features will enable banks and lenders to offer services to users with digital assets by leveraging on-chain verification.
Bridging Traditional Finance and Digital Assets
Keeta's CEO Ty Schenk stated that PASS aims to bridge the gap between traditional finance and the digital asset ecosystem. He emphasized that "as a driving force for traditional finance, Keeta is the first to tackle the scale and regulatory overhead for an on-chain credit bureau."
Keeta's Lending System Rollout Plans
The PASS platform will be rolled out in phases, with verified financial profiles expected to go live in the summer of 2025. Future features include a lending marketplace, stablecoin-based loan origination, and bank integrations.
Keeta is working to create an inclusive financial environment for digital asset holders, which may further promote the growth of both the crypto industry and traditional finance.
