Ault Blockchain Targets Institutional Onchain Settlement With Layer-1 Network

According to Ault Blockchain, the company is developing a Layer-1 blockchain combining Cosmos architecture with Ethereum Virtual Machine compatibility to provide institutional settlement infrastructure. The initiative, with public testnet launched earlier this year, is designed to reduce reliance on traditional banking for compliant businesses navigating banking access restrictions.

The network will operate under a Wyoming DAO LLC governance model requiring participant identity verification while limiting voting concentration. Token distribution ties ownership to mining node participation and measurable network contributions rather than upfront purchases, aligning with the platform's focus on regulated institutions seeking blockchain-based settlement infrastructure.