Karavas, Cyprus, February 17th, 2026 - At a moment when the broader blockchain industry is still digesting a severe market contraction, Public Masterpiece is announcing its own Layer 1 blockchain and repositioning its brand for an asset-backed future.
The Cyprus-based company, focused on tokenizing real-world assets, revealed PMT Chain - a Layer 1 network the firm says was engineered specifically to support the certification and tokenization of physical value. Alongside the network announcement, the firm confirmed a change in what PMT stands for: from Public Masterpiece Token to Public Masterpiece Technology.
Public Masterpiece framed the move against a market that has recently endured what the company describes as a $1.1 trillion stress test that eliminated weak token models and overstated narratives. The company positions PMT Chain as infrastructure built with a different foundation, intended to serve markets that require durable provenance and security rather than speculative narratives.
Market context cited by the company places PMT's recent token performance in a favorable light. According to the announcement, PMT increased 75% in price over the past 12 months, outperforming 86% of the top 100 crypto assets, including Bitcoin and Ethereum. The company also reported that PMT has been trading above its 200-day moving average and remains close to its all-time high.
Central to the PMT Chain proposition is a Certification Hub to be established in the United Arab Emirates. Public Masterpiece says the hub will be staffed by evaluators, art experts and historians whose role will be to establish an international framework for placing authentication and evaluation records on-chain. The stated objective is to address persistent issues in the physical-asset markets - including forgery, manipulation of provenance records and illegal trafficking of art, artifacts, collectibles and historical goods.
"The last market cycle proved one thing: narratives collapse when foundations are weak. PMT Chain was built for real-world value and long-term trust. Museums, collectors, and brands need transparency, security, and permanence. That is exactly what we engineered," said CEO Kamran Arki.
Public Masterpiece emphasized the long development timeline for PMT Chain: seven years of work in total, with five years dedicated exclusively to research and development. The company contrasted this timeline with the rapid-launch culture common in parts of the blockchain sector, highlighting its methodical approach.
COO Garen Mehrabian added: "Web3 will not reach mass adoption if it feels like a casino. Builders have the responsibility to create systems people can trust and understand. We didn’t build PMT Chain to ride a wave. We built it to create an ecosystem that survives every wave."
While art and cultural assets are the immediate focus, Public Masterpiece makes clear the network is designed to scale into other real-world asset (RWA) classes, including real estate tokenization. The protocol will offer white-label tokenization and certification services intended to let institutions and companies adopt blockchain-backed certification without building bespoke systems from scratch.
Perhaps most notably, the company disclosed that it is already in discussions with several governments about potential PMT Chain implementation. Public Masterpiece did not identify which governments are in talks and confirmed that no launch date has been set. Executives said the chain will activate when timing aligns with the company’s strategic objectives, indicating a wait-for-optimal-timing approach despite asserting the blockchain is technically ready.
Public Masterpiece is pitching PMT Chain as infrastructure for internationally renowned museums, galleries, private collectors and global brands seeking secure, transparent certification of physical items. The stated emphasis on long-term trust and standard-setting for provenance aims to appeal to stakeholders for whom legal and reputational risk management is paramount.
For stakeholders in art markets, auction houses and institutions that handle high-value physical assets, the stated benefits include a standardized certification workflow and a verifiable on-chain record of evaluation. For real estate and other RWA sectors, the firm suggests the same infrastructure could be adapted for tokenization and provenance applications, although implementation details remain to be announced.
Public Masterpiece provided a brief corporate profile alongside the announcement. The company describes itself as a real-world asset tokenization firm building blockchain infrastructure to support tokenization, certification and provenance for physical value across art and broader RWA markets.
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Contact: Kamran Arki - [email protected]