Rayls has announced the integration of Arbitrum, an Ethereum Layer 2 scaling platform. Rayls is a blockchain platform that aims to bridge DeFI and TradFi.
The integration seeks to create a new public blockchain that connects and aggregates liquidity from Rayls’ network.
Rayls says its public chain will unlock “immense potential for accelerating Financial Institutions’ adoption of blockchain technology.” This is expected to enable new services benefiting from DeFi while accessing “trillions of dollars of assets. The Rayls Public Chain is expected to launch in 2025, with a testnet already available in Q1.
The launch of Rayls’ Public Chain will take place after Kinexys by JP Morgan (formerly known as Onyx by JP Morgan) issued its Project EPIC report on how to explore privacy solutions in digital asset transactions. The launch also follows Parfin’s $16 million Series A funding round in 2024 as a core contributor of Rayls.
Rayls reports that its solutions are being explored by large institutions like the Central Bank of Brazil in the development of its digital currency, Drex, as well as JP Morgan’s Kinexys platform.
Alex Buelau, CPTO and co-founder of Parfin, a core developer of Rayls, said they selected Arbitrum due to its “battle-tested technology.”
“This integration showcases how Arbitrum’s infrastructure can help power solutions that bridge TradFi and DeFi while maintaining the robust compliance and security standards financial institutions require. We’re excited to see Rayls leverage Arbitrum technology to unlock the potential of real-world assets on the blockchain,” said Nina Rong, Head of Partnerships at the Arbitrum Foundation.
