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Gate Square New & Returning Creator Rewards are ongoing!
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This is not a blockchain that just shouts slogans; it was incubated by ParaFi, and its core concept is to seamlessly integrate Traditional Finance (TradFi) and Decentralized Finance (DeFi). The focus is on building compliant, private, and efficient on-chain infrastructure, so that banks and institutions can confidently go on-chain.
Financing Highlights
Total financing: 38 million USD
Major investors: ParaFi, Framework, Circle
A single round of financing of 26.3 million USD, focusing on RWA (Real World Assets), privacy protection, and DID.
Latest Updates
The Rayls Snaps event has been launched, with a total prize pool of $500,000 $RLS, lasting for 5 months. Complete tasks to earn points and receive rewards.
The activities on Galxe are booming, with the task volume exceeding 1 million+ in early September.
Strategic Cooperation: Partnering with ObliGate and District RWA to bring compliant debt and high-quality RWA on-chain.
AMA event: The founder discusses the on-chain transformation of institutional finance with the ObliGate CEO.
Technical Highlights
Architecture: Private Chain + Public Layer 2, balancing Compliance and Privacy
Technologies: Zero-Knowledge Proofs (ZK), Homomorphic Encryption, Quantum-Safe Framework
Public chain advantages: fixed gas, supports stablecoins, compatible with Ethereum, extremely fast
Enygma launched in May, the first Ethereum privacy trading solution, supporting ERC20 and NFT privacy trading.
Joined the Arbitrum ecosystem, positioned as a liquidity hub.
The number of pre-registrations for the testnet exceeds 300,000+, and the queue is booming 🔥
Milestone
Has partnered with JPMorgan Kinexys and the Central Bank of Brazil CBDC Drex to implement technology in real finance.
Named in a report by JP Morgan in 2024
The popularity is soaring in the Latin American community, especially in Brazil, Mexico, and Colombia.
Grand Vision: The goal is to bring trillions of dollars in liquidity + billions of banking users into Decentralized Finance.
Rayls Labs is not just a project; it is a financial revolution. From financing and technology to partnerships, it showcases a steady and practical approach. What it aims to do is to create a "bridge" that allows banks and institutions to confidently go on-chain.
#CookieDotFun CookieSnaps #rayls @cookiedotfun @cookiedotfuncn