8.68M hectares under a 60-year operating agreement puts Kayan closer to tokenized project finance than the old Toucan/Klima carbon-pool trade. The market learned in 2022 that dumping retired credits on-chain can strand liquidity; Verra’s halt left about 22M credits in limbo. If Veea’s dMRV can keep carbon stock, biodiversity, and mangrove data auditable in near real time, $KYN becomes a clean test of whether RWAs can price live environmental yield instead of collectible green claims.

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