Real, a layer 1 blockchain focused on institutional-scale real-world asset tokenization (RWA), has signed a memorandum of understanding (MoU) with iExec, a confidential computing infrastructure provider, to explore privacy-preserving infrastructure for tokenized assets.
This collaboration will assess how institutions can issue, distribute, and perform on-chain financial operations on RWAs while maintaining confidentiality and enabling compliance and auditability.
Real supports the entire lifecycle of tokenized assets, including onboarding, validation, risk assessment, settlement, and asset management.
iExec provides confidential computing through a trusted execution environment that includes Intel TDX and its Nox protocol. This enables encrypted data processing, confidential smart contract execution, selective disclosure, and verifiable computations.
Nox protocol integration and usage examples
The companies will explore ways to integrate the Nox protocol with Real’s Layer 1 to support sensitive tokenized assets, encrypted transaction flows, and private financial operations.
The partnership will cover the issuance and distribution of confidential RWAs, including encrypted balances and private transaction flows, as well as financial operations such as subscriptions, redemptions, dividend distributions, loans, and structured credit.
The parties also plan to evaluate selective disclosure mechanisms for regulators and auditors, and how sensitive assets can remain compatible with custody, payment infrastructure, and potential secondary markets.
The agreement establishes a framework for considering institutional use cases such as tokenized funds and private credit, and includes next steps such as technical discussions, pilot identification, and architectural alignment.
“Institutions need more than tokenization; they need an infrastructure that protects sensitive financial data while maintaining compliance, oversight, and auditability.” Real CEO Ivo Grigorov said: “Our partnership with iExec is an important step in exploring how confidential computing can support the next generation of real-world asset markets.”
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