Casper Launches Public Testnet for AstralBeam Targeting $32 Billion RWA Market

Casper (CSPR) has launched the public testnet for AstralBeam, a cross-chain infrastructure aimed at the $32 billion regulated real-world asset (RWA) market. AstralBeam connects Ethereum (ETH), Polygon (POL), Base, Robinhood Chain, and Casper, allowing for compliance information to be verified alongside tokens. MAKE Group announced on September 8 that AstralBeam was made available on the public testnet. AstralBeam is designed to ensure that assets adhere to the rules in place at the time of issuance by verifying investor qualifications, transferability regions, and trading conditions for regulated security tokens. The T-REX Ledger serves as the baseline ledger managing investor registration, qualification requirements, and transfer restrictions for ERC-3643-based assets. Asset transfers are processed to prevent the same asset from existing simultaneously on two networks, locking the original ERC-20 token when moving to Casper from an EVM network, and issuing a CEP-18 token on Casper after transaction validation. Five relayers participate in transaction validation, with at least three needing to confirm the same transaction for the transfer to proceed. The Casper network explained that AstralBeam has been operational on the testnet for over six months and has undergone a security review by Halborn. However, the complete audit report and details of any identified vulnerabilities have not been disclosed. AstralBeam is currently in the public testnet phase, and details regarding the mainnet launch schedule, supported assets, and trading volumes have not been released.

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