Rayls: The EVM Blockchain Bridging TradFi and DeFi

2025-11-21 05:38:34

Rayls is an EVM-compatible blockchain infrastructure system designed to unite traditional finance (TradFi) and decentralized finance (DeFi), bringing $100 trillion in TradFi liquidity and 6 billion banked customers on-chain. Launched in June 2024 by Parfin, Rayls combines a compliant public Ethereum Layer 2 (L2) chain with a network of private, institution-hosted blockchains to enable secure, regulated asset tokenization and cross-market settlement.

Rayls’ Core Architecture: Public Chain and Private Subnets

Rayls consists of two interconnected components:

Rayls Public Chain: An Ethereum permissionless L2 where all accounts are KYC’d, functioning like any other Ethereum L2 but with built-in compliance.
Rayls Privacy Nodes: High-performance, permissioned EVM blockchains deployed on-premise by financial institutions, which can connect to form Rayls Private Subnets—a scalable, private network for sensitive operations.

This hybrid model provides enterprise-grade privacy, scalability, performance, interoperability, governance, and auditability, allowing institutions to innovate while meeting regulatory requirements.

Key Features: Privacy, Compliance, and Scalability

Rayls addresses longstanding barriers for financial institutions:

Privacy Preservation: Full transaction confidentiality through the Enygma framework, a quantum-safe privacy solution for Ethereum and EVM chains.
Scalability: Handles high-volume institutional workloads with low latency.
Interoperability: Seamless connectivity between private subnets and the public chain, supporting ERC-20, ERC-721, and ERC-1155 standards.
Native Compliance: KYC integration and governance controls for regulated environments.

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

Background and Funding

Developed by Parfin, a fintech focused on emerging markets, Rayls raised $10 million in Series A in June 2024, led by ParaFi Capital, with participation from other Web3 investors. The funding supports global expansion and development, following a $2.5 million seed round. Parfin’s CEO Marcos Viriato highlighted Rayls’ role in “unifying TradFi and DeFi with compliance and privacy at scale.”

Partnerships and Milestones

Rayls has secured key collaborations:

Central Bank of Brazil: Testing as a private, scalable 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.

Current Status

Rayls is live on CoinMarketCap and actively expanding, with focus on onboarding financial institutions for private deployments and public chain integrations. No token launch has been announced, but the project emphasizes sustainable growth through partnerships.

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

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