Keeta and SOLO Launch On-Chain Credit Bureau for Digital Asset Owners
Keeta and SOLO, backed by former Google CEO Eric Schmidt, are launching an on-chain credit bureau aimed at providing digital asset owners with access to mortgages and small business loans. Their product, PASS, is a blockchain-based financial identity layer that utilizes know-your-customer protocols, income verification, crypto asset data, and business credentials.
- PASS enables pseudonymous lending and borrowing using trusted credentials.
- The service aims to create modern credit systems for wallets, decentralized applications (dApps), and embedded finance.
- Georgina Merhom, Founder of SOLO, stated that this initiative makes real-world financial credentials verifiable and tokenized for the first time in blockchain.
- Eric Schmidt has previously engaged with the blockchain sector, serving as a strategic advisor for Chainlink Labs since early 2023.