Australia's Redbelly says its new blockchain is first ever designed for real-world assets
The highest-profile blockchains and cryptocurrencies are designed to avoid regulation. Redbelly, which has just gone live, is a regulatory compliant blockchain targeting real-world assets.
Australian-designed blockchain Redbelly Network has gone live with a unique structure the company says makes it the only blockchain built for traditional, regulated finance rather than the unregulated universe of crypto.
Developed over a decade with support from the University of Sydney, CSIRO and Block8, Redbelly promises a new standard for secure, scalable and accountable tokenisation. That accountability makes it more suitable for the rapidly growing real-world asset tokenisation opportunity, which dwarfs cryptocurrencies.
“The key point is Redbelly delivers some unique features and is at home in and designed for regulated markets with its inbuilt compliance and identity features. All network participants where relevant have verifiable credentials. This allows Issuers to bring to market compliant structured products,” Redbelly chairman Alan Burt told Capital Brief.
Burt said Redbelly’s structure was also more efficient than existing blockchains such as Ethereum, Tron and Solana, offering greater certainty, scalability and security, which Burt said will be essential in the vastly larger market of real-world assets.
