Kamino CEO Michael Weisz lays out the case for the KMNO token

An open letter ties KMNO value to the Kamino Foundation and sets a goal of over $50 billion in loans by 2030 Kamino’s new CEO has some explaining to do, and he chose to do it in writing. Michael Weisz published an open letter to KMNO tokenholders on November 2, 2026, setting out what the token is for and how it connects to the Kamino Foundation. The headline ambition is big. Kamino aims to reach over $50 billion in concurrent loans by 2030, betting heavily on growth in Solana’s real-world asset sector. What Weisz actually promised Weisz took the top job on September 15, 2026. Less than two months later, he is trying to answer the question that dogs most DeFi governance tokens: what exactly does a holder own? His answer is unusually direct. According to the letter, the Kamino Foundation retains all intellectual property and all revenue tied to its operations. That structure makes KMNO the only token through which value accrues to holders. There is no competing equity layer quietly sitting off to the side. The Foundation is also putting money behind the pitch. It has committed at least $20 million over the next 24 months to product expansion, asset support and distribution. Then ther...