The Ethereum Mainnet Built Exclusively for Real-World Assets
Real-world assets deserve their own mainnet.
Compliance is not an application layered on top. Identity, issuance, transfer restrictions and supply are enforced by the protocol itself.
Live network
Chain ID
16586
Gas token
BWA
Latest block
Last block
Gas price
Gas used
BWA hard cap · no further mint
Inflation
Efficiency vs. Ethereum
Governance timelock
Gas-regression CI tests
Allocation tracks
01 — Proof of Execution
Tested adversarially, not assumed.
Every claim below is reproducible on the current testnet. The dispute-game suite includes a case where the challenger wins — the protocol must lose correctly, too.
01
Adversarial dispute games passed, incl. one challenger win
02
Chain ID · current testnet
03
Stake-ratio settlement, verified end-to-end
04
Accessibility conformance
05
Network
02 — Market Context
Tokenised assets are moving on-chain faster than the chains were built for.
Real-world assets on-chain in 2026 — up more than 250% year over year.
Projected tokenised-asset market by 2033 (BCG / Ripple).
The permissioned-token standard already in production at DTCC, Apex, Invesco and Franklin Templeton.
03 — RWA Lifecycle
Four stages. Each one enforced by the protocol.
I
Issuance
Multisig proposal → 48-hour timelock → IssuerRegistry. No single key can mint an asset into existence.
II
Transfer
Every transfer passes the IdentityRegistry gate. Verified counterparties only — at 128,701 gas.
III
Distribution
Yield and dividends settle automatically by stake ratio. No off-chain reconciliation.
IV
Redemption
Redeemed tokens are burned — a real supply reduction, not a transfer to a holding wallet.
If compliance is a feature, it can be bypassed. If it's the protocol, it can't.
04 — Principles
Six commitments, each traceable to the specification.
- 01Compliance Is the Protocol
Identity checks and transfer restrictions execute in consensus, not in an application contract that can be routed around.
- 02Separation of Powers
Issuer, authority and registry are distinct roles held by distinct keys. No role can act alone.
- 03Security & Finality
Adversarial dispute games settle disagreements on-chain; finality is proven, not promised.
- 04Separated Operational Keys
Day-to-day operations never touch governance keys. Compromise of one does not compromise the other.
- 05Performance Measured
192 gas-regression tests run in CI. Every change is benchmarked against the previous release.
- 06Supply Policy in Code
The 100,000,000 BWA cap is a contract invariant. There is no mint function to vote on.
05 — Competitive Landscape
Three ways to put regulated assets on-chain.
Approach A
General-purpose chain + compliance app
Securitize · Ondo
- Compliance lives in contracts, not consensus
- Inherits host-chain gas and congestion
- Bypassable by any non-compliant contract
Approach B
Independent L1 RWA chain
Polymesh · Provenance
- Protocol-level identity
- Isolated from Ethereum tooling and liquidity
- Custom VM, custom audit surface
Approach C
BANA — Ethereum mainnet, RWA-only
Closest precedent: Plume Network
- Compliance enforced in the protocol
- Full EVM and Ethereum tooling compatibility
- Fixed supply, timelocked governance, adversarially tested
06 — Token Structure
BWA: 100,000,000 tokens. Never more.
Ecosystem & Community
Grants, integrations, liquidity programmes
0%
Staking Reward Reserve
Validator and delegator rewards
0%
Team & Founders
1-year cliff · 3-year vest
0%
Private Investors
6-month cliff · 2.5-year vest
0%
Foundation & Treasury
Operations and long-term reserves
0%
Public Sale & Initial Liquidity
Launch distribution
0%
Dual-token design
The asset and the network are separate tokens.
RWA tokens represent the underlying instrument and carry its compliance rules. BWA is the governance and utility token — it secures the chain, pays for gas and votes on parameters.
The precedent is Ondo: OUSG (≈ $2B AUM) as the asset, ONDO as governance. Mixing the two would import market exposure into the security layer.
BWA — a token designed for our mainnet from day one.
An Ethereum L2 mainnet redesigned from the ground up for real-world assets (RWA) alone — introducing the BWA token
