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Rayls, a cutting-edge blockchain ecosystem, is poised for a breakthrough by integrating with Arbitrum to launch its Rayls Public Chain, a significant step for DeFi and TradFi convergence.
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This collaboration aims to unlock new opportunities for banks and financial institutions, bridging traditional finance platforms with decentralized finance tools.
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Marcos Viriato emphasizes the partnership’s potential impact on the global transition from Web2 to Web3, highlighting the significance of this development for financial institutions.
Rayls announces a strategic integration with Arbitrum to launch its Public Chain, set to revolutionize the DeFi and TradFi landscape using innovative blockchain technology.
Rayls teams up with Arbitrum for integration of DeFi and TradFi tools
Rayls, a blockchain network focused on integrating traditional finance (TradFi) and decentralized finance (DeFi) products for both B2B and B2C use cases, has unveiled its partnership with Arbitrum, the leading Ethereum Layer 2 (L2) solution by total value locked (TVL). This collaboration will enable Rayls to use Arbitrum Orbit, setting the stage for the release of its public testnet.
Scheduled to launch in Q1 2025, the public testnet will provide developers access to Rayls’ innovative tools, facilitating the onboarding of legacy financial institutions into the blockchain ecosystem. This pivotal moment aims to attract billions of clients onto the blockchain, unlocking billions of dollars in assets managed by the global financial markets.
Rayls envisions its solutions becoming essential for traditional banking institutions, creating a bridge to blockchain-based services via DeFi applications. This integration is expected to catalyze the adoption of advanced financial technologies among a broader audience.
Reflecting on this partnership, Marcos Viriato, CEO and cofounder of Parfin, remarked on the broader implications for the technology and finance sectors:
“We are thrilled to integrate with Arbitrum for the launch of the Rayls Public Chain and the opportunity it brings to the financial and technology industries. Our ambition is to establish the definitive blockchain for financial institutions on Ethereum, and this integration marks a significant step toward achieving that goal.”
Rayls’ mainnet launch expected in 2025
Nina Rong, Head of Partnerships at the Arbitrum Foundation, also highlighted the value of this integration, viewing it as a testament to Arbitrum Orbit’s capabilities:
“The launch of Rayls on Arbitrum Orbit demonstrates how the Arbitrum technology stack can support institutional blockchain adoption. This integration illustrates how Arbitrum’s infrastructure can help power solutions that bridge TradFi and DeFi, while maintaining the compliance and security standards required by financial institutions.”
The Rayls team has indicated that the full mainnet launch is anticipated by late 2025. This will allow banks and organizations to transition their business services effectively onto a blockchain platform fortified by Arbitrum’s proven technology.
Rayls distinguishes itself by offering permissioned subnets that allow institutions to conduct transactions with privacy while ensuring regulatory compliance. The platform incorporates advanced cryptographic techniques like Zero-Knowledge Proofs (ZKP) and Homomorphic Encryption, securing data and maintaining transaction integrity.
Furthermore, Arbitrum Orbit facilitates the creation of customizable, interconnected chains, enhancing the development capabilities within the Arbitrum ecosystem. Accompanied by Stylus, which supports programming languages such as Rust and C++, this partnership positions Arbitrum at the forefront of blockchain innovation.
Conclusion
The integration of Rayls with Arbitrum signifies a transformative moment in the evolution of financial technologies. As the blockchain landscape continues to develop, this collaborative effort is set to enable traditional financial institutions to access new decentralization prospects swiftly. With the anticipated public testnet and the full mainnet rollout expected by 2025, Rayls aims to redefine how financial services operate in a blockchain-centric future.
