Kraken has listed $KULA, the governance token of decentralised impact investment platform Kula, following the project’s deployment of capital into real-world initiatives representing more than $50 million in underlying asset value.
Kula operates at the intersection of impact investing and real-world asset tokenisation. Rather than tokenising financial instruments or yield, the platform focuses on tokenising governance rights, allowing communities and global participants to take part in decision-making around land, energy, and infrastructure assets.
Kula has supported seven projects to date, including a limestone concession in Zambia, hydropower development in Nepal, and electric mobility infrastructure across East Africa.
“Kula was designed to make previously inaccessible assets investable while giving communities a voice in how those resources are managed,” said Paul Jackson, CEO of Kula. “These are sectors traditional finance has often struggled to reach, particularly in emerging markets.”
The listing comes amid growing interest in real-world asset tokenisation, a sector projected to expand significantly as exchanges and institutions explore ways to bring off-chain economic activity on-chain.
Kula uses a hybrid governance structure that combines on-chain decision-making with legally compliant operational entities across jurisdictions. Since inception, the project has raised $25 million from aligned partners to support its expansion.
With the Kraken listing, Kula aims to broaden participation in its governance framework and scale community-led investment models across global markets.
