The new blockchain arrives in the market focused in solving
longstanding concerns around privacy, scalability and
interoperability that prevented financial institutions from fully
using blockchain technology
LONDON, June 20,
2024 /PRNewswire-PRWeb/ -- Rayls, a new
blockchain system has launched today, enabling financial
institutions to make full use of blockchain technology to innovate
and thrive in the digital era. This unique EVM
blockchain aims to connect permissioned
and permissionless ecosystems, combining the
robustness of traditional finance (TradFi) with the
transformative potential of decentralised finance
(DeFi).
Rayls offers the perfect blend of
traditional finance privacy, safety and compliance with
decentralised finance innovation, enabling institutions to achieve
operational efficiency, optimise liquidity, and drive growth.
Rayls introduces the concept of UniFi, the combination of TradFi
(Traditional Finance) and DeFi (Decentralised Finance)
with a focus on enterprise-grade privacy, scalability,
interoperability and decentralisation.
With Rayls, institutions can implement the tokenisation of
financial and real-world assets (RWA), simplify cross-border and
intra-institutional settlements and soon utilise DeFi
protocols in a compliant manner. "By building a new solution
focussed on the needs of global financial institutions, Rayls aims
to champion the best of both the TradFi and DeFi
worlds to accelerate the blockchain's benefits across the entire
finance industry." says Alex Buelau, co-Founder of Parfin, the
company that developed the initial version of Rayls.
Selected by Mastercard Start Path Program and Endorsed by
Industry Leaders
Rayls' innovative approach has garnered significant industry
recognition, including being a runner-up at the 'Tech Sprint'
program sponsored by the G20 and BIS (Bank of International
Settlements) in India in 2023, and
the recent selection by the prestigious Mastercard 'Start Path
Blockchain and Digital Assets program'.
Collaborations with the Central Bank of Brazil
Rayls is actively collaborating with the Central Bank of
Brazil, which is testing the
system as a private and scalable EVM solution for its Central Bank
Digital Currency (CBDC) initiatives. It highlights Rayls' potential
to streamline payment processes, reduce costs, and enhance
financial inclusion.
Rayls is a both public permissionless and private permissioned
system
The Rayls system is composed of the Rayls Public Chain, an
Ethereum Layer 2 solution secured by
Ethereum (currently in testnet stage), as well as a
sophisticated system of private permissioned Subnets that use Zero
Knowledge (ZK) and Homomorphic cryptography to enable transactions
between counterparties in complete privacy, while offering high
throughput and scalability.
The connection between Rayls' Private Subnets and Public Chain
creates a fully interoperable network that combines
enterprise-grade security and compliance with the flexibility of an
open, permissionless EVM blockchain, ensuring a safe and
transparent environment for all participants.
Empowering Financial Institutions with Rayls
Rayls offers a robust, scalable infrastructure that enables
financial institutions to build and manage advanced use cases,
including:
- Tokenisation of Financial and Real-World Assets (RWA): Develop
tokenised financial products to enhance efficiency, open new
business opportunities, and maintain privacy and compliance.
- Cross-border Payments: Deploy faster cross-border FX payment
solutions with full transaction privacy, real-time settlement, and
optimised liquidity.
- Secure Real-time Settlements: Ensure secure, transparent, and
efficient transaction processes across networks.
Future-Ready Financial Services
"Rayls is redefining the future of finance by providing a
unified blockchain ecosystem that meets the evolving needs of
financial institutions", said Marcos Viriato, CEO and co-Founder of
Parfin, the initial developer of Rayls. "Rayls offers the perfect
blend of traditional finance privacy, safety and compliance with
decentralised finance innovation, enabling institutions to achieve
operational efficiency, optimise liquidity, and drive growth."
About Rayls
Rayls is a blockchain infrastructure provider dedicated to
revolutionizing the financial industry with its unique UniFi
blockchain ecosystem. Built by a multidisciplinary team of
ex-bankers, cryptographers, and engineers, Rayls combines the
strengths of TradFi and DeFi, enabling financial
institutions to innovate, grow, and thrive in the digital age.
Rayls strives to swiftly deliver solutions that solve real-world
problems for major financial institutions worldwide, with a focus
on rapid production deployment. Contact Rayls at
info@rayls.com.
Media Contact
Tess Pawlisch, Needle PR, 1 (608)
333-9788, tess@needlepr.com
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SOURCE Rayls