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. This partnership aims to launch the Rayls Public Chain, with the testnet expected to go live in the first quarter of 2025. The initiative is designed to facilitate seamless integration between DeFi and TradFi for both business-to-business (B2B) and business-to-consumer (B2C) applications.
The Rayls team has disclosed details of its integration with Arbitrum, which is currently the largest Ethereum-based L2 network by total value locked (TVL). By leveraging Arbitrum Orbit, the Rayls blockchain is preparing for its testnet phase, which is projected to be accessible to developers as early as the first quarter of 2025.
Expanding Blockchain Adoption in Financial Markets
Rayls’ public chain is positioned to drive broader adoption of blockchain technology by enabling banking institutions to onboard millions of customers to on-chain financial services. The project intends to provide access to a range of 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, has emphasized the importance of this integration in the broader blockchain ecosystem. He highlighted that the collaboration with Arbitrum serves as a crucial milestone in building a blockchain infrastructure tailored for financial institutions within the Ethereum ecosystem. The initiative is expected to play a pivotal role in advancing institutional blockchain adoption worldwide.
Rayls has been actively working with global financial institutions to develop a permissioned blockchain ecosystem. This framework comprises EVM-compatible subnets that enable high-volume, private, and regulatory-compliant transactions while remaining connected to an Ethereum L2 public chain. Among the institutions exploring Rayls’ solutions are the Central Bank of Brazil, which is utilizing the platform for its digital currency initiative Drex, and JP Morgan, which is integrating it into its Kinexys platform.
Mainnet Launch Scheduled for 2025
Nina Rong, Head of Partnerships at the Arbitrum Foundation, has underscored the significance of Rayls’ integration with Arbitrum Orbit, noting that it highlights the potential of Arbitrum’s technology stack in supporting institutional blockchain adoption. The collaboration is expected to reinforce compliance and security standards while bridging DeFi and TradFi services. The Rayls platform aims to leverage Arbitrum’s capabilities to introduce real-world assets into the blockchain space.
According to an official announcement from Rayls, the mainnet launch is anticipated to take place by the end of 2025. The 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 such as Zero-Knowledge Proofs (ZKP) and Homomorphic Encryption. Meanwhile, Arbitrum Orbit offers a framework for developing interconnected and customizable chains within the Arbitrum ecosystem. The integration, along with support for programming languages such as Rust and C++ through Arbitrum Stylus, is expected to push innovation within the blockchain development sector.
