Solana lender Kamino taps Yieldstreet co-founder as CEO in Wall Street expansion

Kamino , one of Solana's largest lending protocols with $1.4 billion of assets, is setting up shop in New York as it looks to bring its onchain credit business closer to Wall Street and expanding to tokenized assets.

On Tuesday, the company named Yieldstreet co-founder Michael Weisz as CEO to lead that push. Kamino said it is looking at roughly 20,000 square feet of office space in New York and plans to hire a chief financial officer and head of legal.

Weisz co-founded alternative investment platform Yieldstreet, now Willow Wealth, which deployed more than $6 billion alongside firms including Goldman Sachs, Carlyle, KKR and Ares.

"Being in New York puts Kamino at the intersection of the asset managers, distribution platforms and institutional capital that will define the next phase of on-chain finance," Weisz said.

Tokenization — the process of putting traditional assets such as stocks, bonds and funds on blockchain rails — has become one of Wall Street's biggest bets on crypto technology. Citi projected the market of tokenized securities could reach $5.5 trillion by 2030 as banks and asset managers explore faster settlement, round-the-clock markets and new ways to use assets as collateral.

Lending against tokenized assets

Kamino lets users lend crypto assets or borrow against them. It is extending that model to tokenized real-world assets, providing markets where investors can finance or use those assets as collateral after they move onchain.