$RLS Rayls is a blockchain ecosystem designed to connect the traditional financial sector (TradFi) to decentralized finance (DeFi), focused on compliance, privacy, and scalability for financial institutions. The native token of the ecosystem is RLS.
Rayls Token (RLS) Details
The RLS token is fundamental for the functioning of the Rayls ecosystem, which is composed of public and private networks.
Type and Function: It is a utility and governance token that unites the ecosystem and allows financial institutions to create their own permissioned EVM "subnets" (sub-networks).
Dual Layer Ecosystem: The architecture of Rayls is unique, combining elements of public and private blockchains. It has a Rayls Public Chain (public layer 1) and Rayls Private Networks (permissioned layer 1 with total privacy), connected by an interoperability protocol.
Tokenomics: The economy of the RLS token aims to unite the worlds of TradFi and DeFi. In addition to RLS, Rayls also utilizes USDr, a stable token pegged to the dollar, for predictable and secure gas fees.
Launch Status: Rayls is active in the market, but the official launch of the RLS token (token generation event, or TGE) has been a focus of recent news, with expectations of active integration of financial institutions.
Companies Using or Integrating Rayls
Rayls was initially developed by the Brazilian company Parfin, a leader in infrastructure for digital assets in Brazil. It is a solution aimed at large institutional players:
Parfin: The creator of the Rayls ecosystem, offering it as a cutting-edge solution for its clients.
Financial Institutions and Banks: The main target audience of Rayls is banks and financial institutions seeking to tokenize deposits and funds while maintaining confidentiality and complying with regulations (such as the Drex project from the Central Bank of Brazil).
Nucleus: Company that presented financial solutions in partnership with Rayls at the Token 2049 conference in Singapore.
LayerZero: Rayls and LayerZero jointly launched an interoperability and liquidity service for financial institutions, connecting the network to over 120 blockchains.
The project focuses on enabling these institutions to create and operate in permissioned subnets, which use advanced cryptographic techniques to ensure the privacy and compliance necessary for the financial sector.