webassembly on server ?

hello,

excuse my ignorance on webassembly current state and all acronyms related to it

I simply want to know if I can make a compiler target webassembly instructions in text (like classic text assembler code for a CPU)

and then with some tool run it, ie. either produce a true executable or produce some byte-code executable and then run it with some interpreter program

my main goal is to produce easy text code instructions and be able to run it on server (not web), something similar to 'node'

if possible, please provide good details and links