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About Watr
Watr is a Layer 1 protocol and Polkadot parachain for the commodities industry, co-developed with Parity Technologies and industry participants, serving provenance, procurement, trade finance, and flows across carbon credits, metals, agriculture, and energy. It addresses complex compliance, fragmented infrastructure, and high barriers to entry in a market sized at $17 trillion, combining a smart contract platform, decentralized identity, supply-chain provenance tracking, and zero-knowledge proofs, with a Flowcarbon partnership having brought voluntary carbon market tokenization on-chain.
Watr's position is an identity-and-liquidity layer for on-chain commodities: WatrID provides reusable participant identity, TrustProof lets financial institutions reuse KYC, NeoReserves builds liquidity pools from tokenized reserves, and TalentLedger covers industry credentials. After its parachain slot lease expired in July 2024, the project repositioned as a standalone L1 and now shows an Avalanche collaboration for bringing commodities on-chain, differentiating itself from general DeFi chains by making compliance and provenance protocol-native.
On April 3, 2026, Watr said it was moving from a Polkadot parachain to Avalanche and would run commodity provenance, trade and financing on an Avalanche L1, aiming at a market it sizes at roughly $20 trillion across metals, minerals, agriculture and fuel.
The stack it carries over includes WatrMrks provenance tags, WatrIDs institutional identity, NeoReserves liquidity pools and the VentureStream incubator; through 2026 the website still sells institutional clients and reusable KYC, without disclosing post-migration onchain volume or partner counts.
Watr plans to package identity, reserve pools and trade contracts into reusable commodity-finance components, reach scale in metals and energy first, then open to compliant issuers in more jurisdictions.
Maryam Ayati — Co-founder & President of the Watr Foundation; former global head of Origination and Investments at Shell Trading; co-founder of the KomGo and Vakt enterprise blockchain coalitions.
Clint Nelsen — Co-founder; helped build Watr, the Layer 1 protocol for the commodities industry.