Kamino CEO Michael Weisz said in an open letter to KMNO holders that the Kamino Foundation owns all of the project’s intellectual property and receives revenue from on-chain and off-chain activity and institutional partnerships. According to Foresight News, Kamino plans to spend at least $20 million over the next two years to support growth, expand the range of tokenized assets it supports, and connect its credit and liquidity infrastructure to platforms such as banks, brokerages, and digital wallets.

The foundation may introduce a KMNO buyback-and-burn plan, but its format and timing have not been determined. The economic interests of Kamino’s founders, investors, and team are tied to KMNO, with no separate allocations. Most of Weisz’s allocated tokens will unlock only after milestones tied to a fully diluted valuation of $1 billion to $10 billion are reached. The team is expected to use a similar token-unlocking mechanism in the future.