Ty Schenk is the founder and CEO of Keeta, a company developing financial solutions and a payment network focused on cross-border transactions. He has a background in technology leadership and co-founded a cryptocurrency payments platform prior to establishing Keeta.

Overview

Ty Schenk has a history in software engineering and entrepreneurial ventures within the technology sector. His career includes roles at companies focused on software development and payment solutions. He co-founded BrainBlocks, a platform designed for cryptocurrency payments, which aimed to facilitate real-time merchant transactions. Currently, Schenk leads Keeta, an engineering company based in Santa Monica, California, which was founded in 2022. Keeta is developing a Layer 1 blockchain network and a platform intended to provide scalable and efficient cross-border payment services. The company's stated goal is to reduce the time and cost associated with international money transfers compared to traditional methods. ^{[1] [2]}

Keeta Network is positioned as a Layer 1 blockchain designed to handle high transaction volumes for payments. The project aims to offer an alternative to existing payment systems, particularly for small-scale cross-border transactions. In March 2025, Keeta launched its native token, KTA, on the Base network. The project has attracted attention due to reported significant investment and its focus on developing a high-throughput payment network. ^{[3] [6] [7]}

Career

Ty Schenk's career includes several roles in software engineering and technology leadership. He worked as a Software Engineer at Scadata Scientific, where he contributed to application expansions. He also held a software engineering role at Turo, a car sharing marketplace. Schenk was a Partner at Steel Perlot. A notable entrepreneurial endeavor was co-founding BrainBlocks, a platform focused on enabling real-time cryptocurrency transactions for merchants. He joined the social media platform X in January 2013. ^{[1] [4] [6]}

Role at Keeta

Ty Schenk serves as the CEO of Keeta. In this role, he leads the company's efforts in developing its payment network and financial solutions. He has publicly discussed the company's objectives, including making international payments more accessible and affordable. Schenk has stated that the company aims to make international payments "as easy as Venmo". ^{[1] [2]}

Keeta Network

Keeta Network is a Layer 1 blockchain and payment platform developed by Keeta. The network is designed to facilitate cross-border payments with claims of high scalability and efficiency.

Keeta's platform is reported to be powered by a proprietary ledger technology. The company claims this technology is capable of processing over 50 million transactions per second. The network utilizes interconnected real-time payment rails to reduce the time and fees associated with international money transfers. The goal is to enable instant payments at a lower cost compared to traditional systems like SWIFT, which typically involve higher fees and longer processing times. ^{[5] [3]}

In 2023, Keeta announced $17 million in funding. This investment round reportedly included Eric Schmidt, the former CEO of Google. Schmidt has been quoted regarding Keeta's technology, stating it "is orders of magnitude more scalable and efficient than existing solutions". His reported involvement gained further attention when he followed Keeta's official X profile in March 2025. ^{[2] [3] [8]}