LERAX

LERAX is an EVM-compatible Layer 1 for real-world assets, using proof of authority with validators that must pass KYC review, and giving instant finality on transactions. It addresses the compliance and operating cost problems enterprises face when bringing assets on chain. Enterprise transactions can be gasless with service level agreements attached, and the chain provides an ownership registry, revenue-share and debt instrument templates, and proof of reserve. Governance sits with a DAO and the architecture is modular.

In narrative terms it is a purpose-built Layer 1 for institutional and RWA use cases, differing from general smart contract platforms in its admission mechanism. The testnet opened on 10 October 2025, and on 4 November 2025 it formed a partnership with Tectum combining RWA settlement with SoftNote payments. Requiring real-name validators defines who may participate and shifts the handling of misbehaving nodes from slashing to revocation of eligibility. The ownership registry and instrument templates are maintained separately, so each can be extended by asset type.