ASK Group and Keeta Launch Blockchain-Based Public Exchange for Physical Assets

UAE-based investment group ASK Group has partnered with U.S. blockchain company Keeta to launch a public exchange where physical assets will be traded as fractional digital tokens.

The joint venture aims to tokenize oil, gold, and copper by 2027, allowing investors from around the world to purchase fractions of these commodities with 400-millisecond settlement times and real-time proof of reserves.

Keeta's Layer 1 blockchain has been stress-tested and achieved a verified 11.2 million transactions per second, enabling fast and secure cross-border transfers.

The partnership targets the Middle East's high-volume cross-border remittance market, with the UAE serving as a critical origination hub for global remittances.

ASK Group will manage and scale Keeta's operational footprint across the UAE, the broader Middle East and Africa region, and India.