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Before trading any crypto asset, it is important to understand the risks. This overview summarizes certain risks associated with this asset. No securities regulatory authority has issued an opinion regarding this asset, including an opinion that it is not itself a security and/or derivative.

Investors in Canada are reminded that no securities regulatory authority or regulator in Canada has assessed or endorsed any Crypto Contract or Crypto Asset made available through the Uphold Platform. Read our risk summary for qualifying crypto assets.

KTA Describes Itself As

Keeta is a Layer-1 (L1) is designed to facilitate interoperability among multiple blockchains by serving as a unifying layer for direct cross-chain transactions. By providing a common ground for all digital assets and even connecting to systems like SWIFT/ACH, Keeta aims to eliminate slow settlement times and hidden fees, effectively bridging the gap between cryptocurrencies and fiat in a secure, compliant way.

Project Function

  • Cross-Chain & Network Interoperability: Keeta enables seamless interaction across multiple blockchain networks by acting as a unifying layer for direct cross-chain transactions. The network’s Anchor feature can connect any blockchain (and even traditional payment networks like SWIFT or ACH) to Keeta, allowing one-to-one tokenization of external assets and free exchange with other assets on Keeta.
  • Advanced Architecture (dPoS + DAG): Keeta uses a Delegated Proof-of-Stake (dPoS) consensus mechanism coupled with a unique hybrid directed acyclic graph (DAG) ledger design. Each account effectively maintains its own chain of transactions (forming a DAG), and a two-step client-directed validation process helps avoid conflicts. 
  • Real-World Asset Tokenization: The network has native tokenization capabilities, letting participants create tokens to represent virtually any asset (digital or real-world) and trade them on Keeta’s ledger​.
  • Integrated Compliance & Identity: Keeta has compliance protocols built into its core. It supports digital identity verification via trusted KYC/AML providers who can attach secure compliance certificates to user accounts​.
  • Private Sub-Networks: Keeta supports deployment of private instance networks for institutions that require privacy or dedicated environments.
  • Token Utility 

  • Native Token (KTA): is used to pay transaction fees, secure the network through staking, and will be the medium for any on-chain governance or validator selection in the dPoS system. Additionally, by staking KTA, holders will be able to delegate voting power to validators who produce blocks, thereby participating in network consensus and earning rewards.
  • Governance Model: As a delegated proof-of-stake network, governance in Keeta is tied to the KTA token. Token holders influence the network by electing validator nodes (through delegation of stake) and can potentially vote on protocol upgrades or parameters in the future.
  • About The Founders

    Ty Schenk (Co-Founder and CEO): Before launching Keeta, Schenk co-founded BrainBlocks, a cryptocurrency payments platform that enabled real-time, fee-free transactions (built on the Nano/RaiBlocks network). He also worked as a software engineer at Turo, a peer-to-peer car-sharing marketplace, where he built and maintained customer-facing software applications.

    Roy Keene (Co-Founder and CTO): Keene was formerly the lead developer for the Nano (RaiBlocks) cryptocurrency project. In this role he specialized in developing Nano’s feeless, high-speed blockchain architecture, contributing to Nano’s growth and technical design. Keene later worked as a Senior Cloud Application Architect at AWS, where he designed and implemented scalable cloud solutions.

    Risks of KTA

    Like an investment in other crypto assets, there are some general risks to investing in KTA. These include:  (i) volatility risk and liquidity risk, (ii) short history risk, (iii) demand risk, (iv) forking risk, (v) code defects, (vi) regulatory risk, (vii) electronic trading risk, and (viii) cyber security risk. For additional information of these and other general risks associated with crypto assets and Uphold’s platform, please refer to the Risks Specific to Holding Digital Assets statement.

    In addition to these general risks, an investment in KTA is subject to the following specific risks:

  • KTA operates using smart contracts, which have an association with vulnerabilities and security breaches. Despite undergoing successful audits by well-regarded third-party entities, it is essential to acknowledge the existence of inherent risks. 
  • We emphasize that this Crypto Asset Statement is not an exhaustive description or summary of all risks associated with KTA. Investors should conduct their own research and perform their own assessment before trading any crypto asset to determine the appropriate level of risk for their personal circumstances.

    The KTA community and Keeta founding team are not under any legal or regulatory obligation to disclose material information to the public regarding its activities. Holders of KTA have no recourse to the KTA community, Keeta founding team, or Uphold if KTA declines in value for any reason.

    Changes to applicable law may adversely affect the use, transfer, exchange, or value of any of your crypto assets, and such changes may be sudden and without notice.

    Uphold’s Evaluation Process

    Prior to listing KTA on the Uphold Platform, Uphold performed due diligence on KTA and determined that KTA is unlikely to be a security or derivative under relevant securities legislation. Uphold’s analysis including reviewing publicly available information on the following: 

  • The creation, governance, usage, and design of KTA, including ensuring the source code is open-source, audited and peer reviewed, security, and roadmap for growth in the developer community. 
  • The supply, demand, maturity, utility, and liquidity of KTA.
  • Any marketing materials put forward by the KTA social team including on, Twitter, Medium blog, LinkedIn posts, Discord and Telegram channels.
  • Material technical risks associated with KTA, including any code defects, security breaches and other threats concerning KTA and its supporting blockchain (such as the susceptibility to hacking and impact of forking), or the practices and protocols that apply to them.
  • Legal and regulatory risks associated with KTA, including any pending, potential, or prior civil, regulatory, criminal, or enforcement action relating to the issuance, distribution, or use of KTA.
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