Real, a Layer 1 blockchain focused on institutional-scale real-world asset tokenization, has signed a Memorandum of Understanding 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.

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.

“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.”

“Confidentiality is a key requirement for institutional blockchain adoption,” said [Name, Title, iExec]. “By exploring collaboration with Real, we aim to evaluate how confidential computing and Nox Protocol can help bring privacy-preserving execution to real-world asset issuance and 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.

The tokenization of real-world assets continues to expand, but institutional adoption often requires sensitive data such as investor allocations and transaction details to remain protected. Real and iExec will evaluate how confidential computing can enable private financial operations while preserving on-chain verifiability and controlled regulatory access.

About Real

Real is a Layer 1 blockchain designed for institutional-scale real-world asset tokenization, supporting onboarding, verification, risk assessment, governance, settlement, and interoperability.

About iExec

iExec is a confidential computing infrastructure provider enabling secure off-chain computation through Trusted Execution Environments. Its Nox Protocol enables encrypted data processing, confidential smart contract execution, selective disclosure, and verifiable computation.