German Regulator Ends Ethena Case, Moca Chain Launches, Barclays Restricts Crypto Spending

The Moca Foundation has launched Moca Chain, a new Ethereum Virtual Machine (EVM)-compatible layer-1 network focused on decentralized identity. The is designed to allow users, devices, and AI agents to manage and verify identity credentials without centralized control.

The foundation said that Moca Chain will support both on-chain and off-chain identity verification. Its native MOCA token will serve multiple functions, including validator staking, data storage, oracle usage, and identity authentication fees. The testnet is scheduled for Q3 2025, with mainnet deployment set for Q4 2025.

Moca Chain incorporates privacy features such as zero-knowledge transport layer security (ZK-TLS). Its architecture includes decentralized data storage and a cross-chain identity oracle. According to the foundation, this structure enables compatibility with Ethereum and similar chains.