Public Masterpiece Announces RWA-Focused L1 Chain
Public Masterpiece has announced the PMT Chain, a new Layer 1 blockchain built specifically for the real-world asset (RWA) economy. The project aims to provide infrastructure for the next wave of blockchain adoption centered on tokenized physical and financial assets. The announcement comes as the RWA sector continues to attract builder and investor interest.
- The on-chain real-world asset (RWA) market is estimated to be between $19–$36 billion at the start of 2026, with some projections expecting the market to exceed $100 billion by the end of the year. - Public Masterpiece states that the PMT Chain has been in development for seven years, with five of those dedicated to research and development, positioning it as a long-term infrastructure play rather than a response to recent market trends. - The project is establishing a physical Certification Hub in the UAE, which will be staffed with art experts, evaluators, and historians to provide authentication and valuation for on-chain assets, initially focusing on fine art. - Prior to this L1 announcement, Public Masterpiece and its PMT token were active on the BNB Chain. The company has rebranded the meaning of PMT from Public Masterpiece Token to Public Masterpiece Technology to reflect its new focus on infrastructure. - While the announcement detailed plans for art and real estate tokenization and white-label solutions, technical specifications such as the chain's consensus mechanism and EVM compatibility have not yet been released. - The broader RWA sector is seeing significant institutional adoption, with firms like BlackRock and JPMorgan launching tokenized funds. Ethereum currently dominates the space, hosting approximately 34% of the total value of cross-chain RWAs. - Leadership for the project includes CEO Kamran Arki and COO Garen Mehrabian. - Tokenized U.S. Treasuries are currently the largest component of the RWA market, exceeding $8.7 billion in value and demonstrating institutional demand for on-chain fixed-income products.
