UAE Investment Group Partners with Keeta to Tokenize Oil, Gold, Copper

A UAE-based investment group, ASK Group, has partnered with Keeta, a US blockchain company backed by Eric Schmidt, to launch a public exchange for trading physical assets as fractional digital tokens.

The joint venture plans 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 achieved a verified 11.2 million transactions per second, making it suitable for high-volume cross-border remittances. The joint venture aims to target the Middle East's remittance market, with the UAE serving as a critical origination hub for global remittances.