Kula has successfully raised $50 million in on-chain impact investment capital through its innovative community-governed Real World Asset (RWA) model. This model involves issuing governance tokens tied to real-world projects, such as a limestone concession in Zambia and a hydropower project in Nepal. These initiatives are managed by local communities through a regional DAO framework, emphasizing transparency and inclusion.
CEO Paul Jackson highlighted the company's mission to enhance resource decision-making in emerging markets. With $25 million raised to date, Kula aims to direct capital and governance into rapidly growing economies, focusing on traditionally underserved regions.
Kula Secures $50M for On-Chain Impact Investments in Emerging Markets
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