Public Masterpiece Announces New Blockchain for Real-World Assets
The company 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 facilitate the tokenization and trading of physical and traditional financial assets on a decentralized ledger.
- The Cyprus-based company spent seven years developing the PMT Chain, with five years dedicated to research and development, a timeline that contrasts with the faster-to-market approach common in the blockchain industry. - Co-founder and Head of Development Kamran Arki, along with COO Garen Mehrabian, are leading the project. The company has rebranded its "PMT" ticker from Public Masterpiece Token to Public Masterpiece Technology to reflect its new focus on infrastructure. - The project's initial go-to-market strategy centers on tokenizing fine art and collectibles, establishing a "Certification Hub" in the UAE with art experts and historians to authenticate and evaluate physical items for on-chain representation. - While the initial focus is on art, Public Masterpiece plans to expand the PMT Chain to support other real-world assets, including real estate, and will offer white-label tokenization services for other companies. - Before this Layer 1 announcement, Public Masterpiece operated on the BNB Chain as a Layer 2 solution. The company reports its PMT token price increased by 75% over the past year, outperforming most of the top 100 crypto assets. - The launch comes as the market for tokenized real-world assets is experiencing significant growth, with the total value of on-chain RWAs (excluding stablecoins) estimated to be between $19–$36 billion in early 2026. - The company states it is in discussions with several governments regarding the implementation of PMT Chain, though no specific nations have been named and a public launch date has not yet been set. - PMT Chain enters a competitive field of blockchains used for RWA tokenization, which includes established players like Ethereum, as well as platforms like Avalanche and Solana known for higher speeds and lower transaction costs.
