SeL4 is the only open, mature, and formally verified L4 solution I am aware of that can run on modern servers, but IIRC given vCPUs are not first class objects and any low level CPU virtualization features are handled in user space, it comes at a real performance cost making it only suitable for single-core or non-performance-critical applications.
Nova by contrast was built to handle the expensive and trust critical TPM and vCPU handling directly for high performance remotely attestable multi-core applications without having to reach for something as heavy as Xen, though formal verification is admittedly not as complete as SeL4 yet AFAICT, though lots of recent progress here.
Those are pretty big tradeoffs, but if you or anyone else knows other viable xen alternatives this general shape with a tiny easily-auditable footprint, please chime in!
I'm certainly not telling you to use Xen. I wouldn't use Xen for anything untrusted.
As a systems security engineer myself I would disagree and know several others that would as well. All depends on your circles, applications, and threat model I suppose.
Xen, Hyper-V, and KVM have all had major security flaws in the form of logic violations, spacial memory corruptions, use-after-free, and pointer corruptions that allowed hypervisor trust boundary violations. I expect most if not all of those classes of bugs could have been prevented by formal verification.
Xen likely has a bad reputation with both of us because of a history of preventable flaws like these.
In my applications every single daemon gets its own sandbox, which is a VM whenever possible. Some with network, some without network, different filesystem and vsock access for maximum damage control and minimal trust between daemons. The hypervisor is the most important security boundary to me especially when isolating user-controlled workloads. The more confidence I can get that it is correct the better.