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.
The collaboration will assess how institutional RWA issuance, distribution, and on-chain financial operations can be executed while maintaining confidentiality and enabling compliance and auditability.
Real supports the full lifecycle of tokenized assets, including onboarding, verification, risk assessment, settlement, and asset management.
iExec provides confidential computing through Trusted Execution Environments, including Intel TDX, and its Nox Protocol, which enables encrypted data processing, confidential smart contract execution, selective disclosure, and verifiable computation.
Nox Protocol integration and use cases
The companies will explore how Nox Protocol can integrate with Real’s Layer 1 to support confidential tokenized assets, encrypted transaction flows, and private financial operations.
The collaboration will cover confidential RWA issuance and distribution, including encrypted balances and private transaction flows, as well as financial operations such as subscriptions, redemptions, dividend distributions, lending, and structured credit.
The parties will also assess selective disclosure mechanisms for regulators and auditors, and how confidential assets can remain compatible with custody, settlement infrastructure, and potential secondary markets.
The agreement establishes a framework to explore institutional use cases such as tokenized funds and private credit, with next steps including technical discussions, pilot identification, and architecture alignment.
“Institutions need more than tokenization. They need infrastructure that protects sensitive financial data while still allowing compliance, oversight, and auditability,” said Ivo Grigorov, CEO, Real. “Our Partnership with iExec is an important step toward exploring how confidential computing can support the next generation of real-world asset markets.”
Featured image via Shutterstock.
