New Layer 1 Blockchain Announced for Real-World Assets
Public Masterpiece has announced PMT Chain, a new Layer 1 blockchain specifically designed for the real-world asset (RWA) economy. The project aims to provide infrastructure tailored to the needs of tokenizing and trading physical and traditional financial assets on a blockchain.
- The project has been in development for seven years, with five years dedicated to research and development, according to CEO Kamran Arki. This announcement also marks a strategic shift, with the "PMT" acronym now standing for Public Masterpiece Technology instead of Public Masterpiece Token. - Before developing its own Layer 1, Public Masterpiece established a presence as a Layer 2 project on the BNB Chain. The company's PMT token reportedly increased in price by 75% over the past year, outperforming 86% of the top 100 crypto assets. - The initial focus of the ecosystem will be on authenticating and tokenizing fine art and collectibles, supported by a planned Certification Hub in the UAE staffed by art experts. However, the company confirmed that the PMT Chain is designed to scale and will support other asset classes, including real estate. - Public Masterpiece aims to provide white-label tokenization and certification solutions, allowing other companies and institutions to use its infrastructure without building their own from scratch. - The company states it is already in discussions with several governments regarding the implementation of PMT Chain, though no specific nations have been named. - The market for tokenized real-world assets was valued between $24 billion and $30 billion in 2025. Multiple financial analysts project significant growth, with some estimates suggesting the market could reach nearly $16 trillion by 2030. - The new blockchain enters a competitive field of networks built specifically for RWAs, which includes other Layer 1s like MANTRA, designed for regulatory enforcement, and Layer 2s such as Plume, which has built-in compliance tools.
