Kadena Awards First Grant from $25M Real Estate Tokenization Fund in Bank of England Pilot

Public proof-of-work blockchain Kadena has made its first capital deployment from a $50 million grants program, backing UK startup CurveBlock in the Bank of England’s Digital Securities Sandbox. The $400,000 grant marks a significant step in bridging open blockchain infrastructure with government-led digital securities experimentation.

CurveBlock, the first real estate firm accepted into the UK’s Digital Securities Sandbox, will leverage the funding to advance tokenized real estate projects. The sandbox, a joint initiative of the Bank of England and the Financial Conduct Authority, allows blockchain-native financial instruments to operate under modified regulatory frameworks until 2028.

Kadena’s expanded $50 million program includes $25 million specifically earmarked for real-world asset tokenization. The initiative aims to support compliant asset rails, including tokenized debt and real estate, through equity-free funding and infrastructure support.