Real, a blockchain platform specializing in institutional-scale real-world asset tokenization, has signed a memorandum of understanding with iExec, a confidential computing infrastructure provider. The partnership aims to explore privacy-preserving infrastructure for tokenized assets, focusing on maintaining confidentiality, compliance, and auditability in institutional real-world asset issuance and financial operations. The collaboration will investigate the integration of iExec's Nox Protocol with Real's Layer 1 blockchain to support confidential tokenized assets and encrypted transaction flows. This includes exploring confidential issuance, distribution, and financial operations such as subscription, redemption, and dividend distribution. The partnership will also evaluate mechanisms for selective disclosure to regulators and auditors, ensuring compatibility with custody and settlement infrastructure.