Rayls is an EVM-compatible blockchain ecosystem designed to unite traditional finance (TradFi) and decentralized finance (DeFi), aiming to bring $100 trillion in TradFi liquidity and 6 billion banked users on-chain. Developed by Parfin, a British-Brazilian blockchain startup, Rayls combines a compliant public Layer 2 (L2) chain with a network of private, institution-hosted blockchains to enable secure, regulated asset tokenization and cross-market settlement. At its core is the $RLS native token, which powers the ecosystem, alongside $USDr, a dollar-pegged stable gas fee token for predictable costs.

Rayls’ Core Architecture: Public Chain and Private Subnets

Rayls features a hybrid structure tailored for financial institutions:

• Rayls Public Chain: A permissionless Ethereum L2 where all accounts undergo KYC verification, functioning like standard L2s but with built-in compliance for regulated activities.
• Rayls Privacy Nodes: High-performance, permissioned EVM blockchains that institutions deploy on-premise. These nodes connect to form Rayls Private Subnets, creating scalable, private networks for sensitive operations like CBDC payments and tokenized deposits.

This setup provides enterprise-grade privacy, scalability, interoperability, governance, and auditability, allowing seamless transactions between private subnets and the public chain while meeting regulatory standards.

Key Features: Privacy, Compliance, and Scalability

Rayls addresses TradFi’s blockchain adoption barriers:

• Privacy Preservation: Powered by the Enygma protocol, a quantum-safe privacy solution using zero-knowledge cryptography for confidential yet auditable transactions.
• Scalability: Handles high-volume institutional workloads with low latency and infinite horizontal scaling through connected subnets.
• Interoperability: Supports ERC-20, ERC-721, and ERC-1155 standards, integrating with Ethereum and other chains via protocols like Chainlink and LayerZero.
• Native Compliance: KYC enforcement on the public chain and governance controls ensure alignment with global regulations.

Rayls enables use cases such as tokenized funds, CBDC testing, cross-border FX, and RWA tokenization, as demonstrated in J.P. Morgan’s Project EPIC benchmark, where it ranked first for privacy in institutional finance.

Background and Funding

Founded by Parfin in 2024, Rayls emerged from over two years of research with major financial institutions. Parfin, focused on emerging markets, raised $12.5 million in total funding, including a $10 million Series A in June 2024 led by ParaFi Capital. The investment supports global expansion and development, following a $2.5 million seed round. CEO Marcos Viriato emphasized Rayls’ role in “unifying TradFi and DeFi with compliance and privacy at scale.”

Partnerships and Milestones

Rayls has secured notable collaborations:

• Central Bank of Brazil: Testing as a private EVM solution for CBDC initiatives.
• Mastercard Start Path: Selected for the Blockchain and Digital Assets program.
• G20/BIS TechSprint: Runner-up in 2023 for cross-border payment innovation.
• J.P. Morgan Kinexys: Ranked #1 in Project EPIC for fund tokenization and privacy.

The Enygma privacy framework launched in May 2025, establishing Rayls as a leader in compliant DeFi. Its testnet waiting list is live, with mainnet expected in late 2025.

Tokenomics and Ecosystem

$RLS is the native token for governance, staking, and fees, with a fixed supply of 1 billion tokens. Initial circulation is ~20%, allocated for community rewards (40%), liquidity (20%), team (15% vested), ecosystem (15%), and public sale (10%). $USDr, a USD-pegged stable token, handles gas fees for predictable costs.

Rayls’ UniFi approach—blending DeFi’s innovation with TradFi’s compliance—supports tokenized RWAs, CBDCs, and FX settlements, unlocking new yield opportunities.

Current Status and Outlook

Rayls is in testnet phase, with airdrop guides and participation opportunities available. Its EVM compatibility and privacy features position it for institutional adoption, potentially transforming financial markets with seamless TradFi-DeFi integration.

In summary, Rayls’ hybrid EVM system—public L2 with private subnets—delivers privacy, scalability, and compliance for TradFi-DeFi convergence, backed by $12.5 million funding and partnerships with central banks and J.P. Morgan.