PANews reported on June 10 that according to Cryptoslate, Kadena, a public chain project focusing on Layer 1 blockchain technology, announced the launch of a $50 million ecosystem fund and completed the first grant distribution, allocating $400,000 to CurveBlock, a UK-based startup that is currently exploring real estate tokenization within a regulated financial sandbox.

It is reported that half of the funds in Kadena’s funding plan (US$25 million) will be used to support RWA tokenization projects, mainly covering debt instruments, money market funds, government bonds, real estate tokenization and alternative assets.