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Cryptocurrency News Articles
Rayls and Arbitrum Join Forces to Bridge DeFi and TradFi, Targeting 2025 Mainnet Launch
Jan 24, 2025 at 01:03 pm
Rayls, a blockchain network dedicated to bridging decentralized finance (DeFi) and traditional finance (TradFi), has announced its collaboration with Arbitrum, a leading Ethereum Layer 2 (L2) solution.
Blockchain network Rayls has announced its collaboration with Arbitrum, a leading Ethereum Layer 2 (L2) solution, to launch the Rayls Public Chain. The testnet is expected to go live in Q1 2025, aiming to seamlessly integrate decentralized finance (DeFi) and traditional finance (TradFi) for both B2B and B2C applications.
Rayls has shared details of its integration with Arbitrum, currently the largest Ethereum-based L2 network by total value locked (TVL). By utilizing Arbitrum Orbit, the Rayls blockchain is preparing for its testnet phase, which is expected to be accessible to developers as early as Q1 2025.
The Rayls public chain is designed to drive broader adoption of blockchain technology by enabling banking institutions to onboard millions of customers to on-chain financial services. The project aims to provide access to new financial products through DeFi applications, potentially unlocking trillions of dollars in assets currently managed by global financial markets. The integration is expected to facilitate the transition from Web2 to Web3 technologies across the financial and technological sectors.
Marcos Viriato, CEO and co-founder of Parfin, a key development partner for Rayls, highlighted the significance of this integration in the broader blockchain ecosystem.
“The collaboration with Arbitrum marks a crucial milestone in our endeavor to build a blockchain infrastructure tailored for financial institutions within the Ethereum ecosystem. This initiative will play a pivotal role in advancing institutional blockchain adoption worldwide.”
Rayls has been working with global financial institutions to develop a permissioned blockchain ecosystem. This framework includes EVM-compatible subnets that enable high-volume, private, and regulatory-compliant transactions while remaining connected to an Ethereum L2 public chain. Some institutions exploring Rayls’ solutions include the Central Bank of Brazil, which is using the platform for its digital currency initiative Drex, and JP Morgan, which is integrating it into its Kinexys platform.
Nina Rong, Head of Partnerships at the Arbitrum Foundation, commented on Rayls' integration with Arbitrum Orbit.
“We’re excited to have Rayls integrate with Arbitrum Orbit, showcasing the potential of Arbitrum’s technology stack in supporting institutional blockchain adoption. This collaboration will help strengthen compliance and security standards while bridging DeFi and TradFi services. The Rayls platform aims to introduce real-world assets into the blockchain space by leveraging Arbitrum’s capabilities.”
According to an official announcement from Rayls, the mainnet launch is expected by the end of 2025. This transition will allow banks and financial organizations to shift their operations to a blockchain infrastructure backed by Arbitrum's established technology. By providing permissioned subnets, Rayls enables institutions to maintain privacy and regulatory compliance while gaining seamless access to the decentralized finance ecosystem.
To ensure data security and transaction integrity, Rayls incorporates advanced cryptographic solutions like Zero-Knowledge Proofs (ZKP) and Homomorphic Encryption. Arbitrum Orbit, on the other hand, provides a framework for developing interconnected and customizable chains within the Arbitrum ecosystem. This integration, along with support for programming languages like Rust and C++ through Arbitrum Stylus, is expected to drive innovation within the blockchain development sector.
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