Space and Time has unveiled the second version of its mainnet, unlocking new tools for institutions to securely bring offchain financial data into onchain environments.
Key Takeaways
- Space and Time has launched Mainnet v2, focused on enabling institutional clients to securely connect offchain data with tokenized onchain assets.
- The upgrade addresses growing demand from banks, asset managers, and exchanges seeking secure data infrastructure for stablecoins and tokenized real-world assets.
- With support from Microsoft and major enterprises, Mainnet v2 aims to ensure institutional-grade data integrity, which is vital for onchain financial operations.
- The feature is now available permissionlessly, offering scalability for developers and financial institutions alike.
What Happened?
Space and Time, a blockchain platform designed to support onchain finance, has released version 2 of its mainnet, introducing a new feature that lets institutional clients safely connect offchain financial data to smart contracts. The update is particularly relevant for organizations pursuing tokenized assets and stablecoins that require reliable data infrastructure.
Space and Time Expands Secure Onchain Data Access
As financial institutions increasingly explore blockchain solutions, the line between offchain and onchain value continues to blur. Traditional systems for uploading data to blockchains often rely on centralized or outdated infrastructure, exposing the data to risks like tampering or mispricing.
With Mainnet v2, Space and Time offers a solution tailored for institutions. The platform now allows:
- Banks, asset managers, and enterprises to connect verified offchain financial data directly to blockchain smart contracts.
- Protection against data manipulation or outdated inputs, which could otherwise lead to incorrect asset pricing or failed settlements in decentralized systems.
- A way to build more sophisticated financial products on blockchain infrastructure with the same level of security expected in traditional finance.
Scott Dykstra, co-founder of Space and Time, explained:
Major Partners and Real-World Use Cases
Space and Time’s data solutions are already being used by some of the world’s largest institutions. One notable integration includes Microsoft, which added Space and Time data to its Fabric product earlier in the year. The v2 upgrade builds on that momentum, expanding capabilities for clients developing stablecoin initiatives and tokenized assets.
Key advantages of the upgrade include:
- Permissionless access, removing the need for gatekeeping or approvals to use the new tools.
- Custom offchain data tables, allowing enterprises to tailor their data integrations.
- Enhanced security and verification layers, critical for large-scale financial applications.
CoinLaw’s Takeaway
In my experience, the bridge between offchain and onchain finance has always been where most projects stumble. What Space and Time has delivered with Mainnet v2 is more than just a technical upgrade. It’s a real answer to the data reliability problem that institutions face when trying to move to blockchain-based systems. I found the inclusion of custom offchain data tables especially powerful. It shows that Space and Time understands what enterprise users actually need. And with Microsoft backing them, this isn’t just another crypto toolset, it’s becoming a serious part of the financial data infrastructure.
