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Rayls Blockchain: Combining the Traditional and DeFi Ecosystems

A newcomer Rayls blockchain launched on Thursday. WhatՉ۪s aiming to combine traditional and decentralized finance ecosystems. This new blockchain focuses on solving longstanding issues like privacy, scalability, and interoperability. These issues have kept financial institutions from fully using blockchain technology.

Rayls Blockchain combining traditional finance and decentralized finance ecosystems.
Source: https://www.prweb.com/releases/rayls-blockchain-launches-today-aiming-to-combine-the-traditional-and-decentralised-finance-ecosystems-302178254.html

Rayls, a new blockchain system, launched today. It enables financial institutions to use blockchain technology to innovate and thrive in the digital era. This unique EVM blockchain has a goal to connect both permissioned and permissionless ecosystems. It combines the robustness of traditional finance (TradFi) with the potential of decentralized finance (DeFi). 

Rayls introduces UniFi. This concept combines TradFi and DeFi. It focuses on enterprise-grade privacy, scalability, interoperability, and decentralization. 

With Rayls, institutions can tokenize financial and real-world assets (RWA), simplify cross-border settlements, and soon use DeFi protocols in a compliant manner. “Rayls aims to combine the best of TradFi and DeFi to accelerate blockchain’s benefits across the finance industry,” says Alex Buelau, co-founder of Parfin, the company that developed Rayls. 

Industry Recognition 

Rayls’ innovative approach has gained significant industry recognition. It was a runner-up at the ‘Tech Sprint’ program sponsored by the G20 and BIS (Bank of International Settlements) in India in 2023. Rayls was also selected by Mastercard for the ‘Start Path Blockchain and Digital Assets’ program. 

Collaborations 

Rayls is collaborating with the Central Bank of Brazil. The bank is testing Rayls as a private, scalable EVM solution for its Central Bank Digital Currency (CBDC) initiatives. This highlights Rayls’ potential to streamline payment processes, reduce costs, and enhance financial inclusion. 

Rayls’ System 

The Rayls system consists of two main components: 

1. Rayls Public Chain: An Ethereum Layer 2 solution secured by Ethereum, currently in the testnet stage. 2. Private Permissioned Subnets: Use Zero Knowledge (ZK) and Homomorphic cryptography for private, high-throughput transactions. 

These components create a fully interoperable network. It combines enterprise-grade security and compliance with the flexibility of an open, permissionless EVM blockchain. This ensures a safe and transparent environment for all participants. 

Features of Rayls 

Rayls offers a robust, scalable infrastructure. It enables financial institutions to build and manage advanced use cases. These include: 

Feature 

Benefits 

Tokenization of Financial and Real-World Assets (RWA) 

Enhances efficiency, opens new business opportunities, and maintains privacy and compliance. 

Cross-border Payments 

Provides faster cross-border FX payment solutions with full transaction privacy, real-time settlement, and optimized liquidity. 

Secure Real-time Settlements 

Ensures secure, transparent, and efficient transaction processes across networks. 

About Rayls 

Rayls provides blockchain infrastructure designed to revolutionize the financial industry with its unique UniFi blockchain ecosystem. Developed by a multidisciplinary team of ex-bankers, cryptographers, and engineers, Rayls combines the strengths of traditional finance (TradFi) and decentralized finance (DeFi). 

This combination allows financial institutions to innovate, grow, and thrive in the digital age. Rayls aims to offer solutions that address real-world problems for major financial institutions globally, with a focus on rapid production deployment.

June 22, 2024 at 12:00 pm

Updated June 22, 2024 at 12:00 pm

Disclaimer

Remember, investing in cryptocurrencies involves risks, and it’s important to conduct thorough research and seek professional advice before making any financial decisions. (Please keep in mind that this post is solely for informative purposes and should not be construed as financial or investment advice.)

FAQ

Blockchain is a distributed ledger technology ensuring secure and tamper-proof transactions, shared across a network.

Yes, blockchain enhances cybersecurity by making data difficult to hack or alter through it's decentralized structure.

Blockchains record cryptocurrency transactions like Bitcoin securely and transparently.

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