Ault Blockchain Launches Cosmos-Based L1 Network for Tokenized Real-World Asset Settlement

Ault Capital has launched Ault Blockchain, a Cosmos-based Layer-1 network designed to keep tokenized real-world assets and institutional settlement running even when traditional banking relationships break down. Why it exists - The network was born out of real-world banking disruptions experienced by companies under Ault’s leadership. Founder Todd Ault says that during the COVID-19 era one business briefly lost access to funds in its bank account and had only a short window to move money elsewhere. That experience shaped the project’s primary goal: create settlement infrastructure that continues operating when a banking partner withdraws services — a practical response to the so-called “debanking” issue currently debated in U.S. policymaking. Technical design and features - Ault Blockchain combines Cosmos’ Layer-1 architecture with Ethereum Virtual Machine (EVM) compatibility, enabling developers to run Ethereum smart contracts inside the Cosmos ecosystem. The chain is explicitly aimed at tokenized real-world assets and institutional onchain trading and settlement. - Ault Capital opened the network’s public testnet in February, giving institutions and developers access to the Cosmos-based system and its EVM environment for testing trading and settlement flows. Corporate background and positioning - The network is built by Ault Capital Group, a subsidiary of Hyperscale Data. Unlike many new Layer-1 teams, Ault’s parent is a publicly listed corporate group with existing businesses across Bitcoin mining, AI hardware and data centers — areas that already rely on heavy computing and digital-asset infrastructure. The company positions the chain as compliant infrastructure for regulated businesses that might nonetheless lose banking access. Governance, compliance and token economics - Governance will use a Wyoming DAO LLC structure and require identity checks for participants. Ault says voting rights will be limited to prevent concentration of control; eligible members will use onchain governance to manage protocol rules, economic settings and upgrades. - Rather than a public token sale, Ault Blockchain plans a gradual token distribution tied to measurable network contributions — mining-node participation and ongoing network activity — aligning allocation with operational involvement rather than upfront capital raises. Why it matters - By focusing on uninterrupted settlement, regulatory compliance and a contribution-based token model, Ault Blockchain aims to offer a resilient alternative for institutions that need predictable access to onchain services even if traditional banking relationships falter. The project enters the market at a time when lawmakers and industry participants are debating how banking access should be handled for crypto and other regulated businesses.