A newcomer Rayls blockchain launched on Thursday. What’’s 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, 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.
Disclaimer
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.
