Rayls Labs is building a blockchain specifically designed for banks - this could unlock over $100 trillion in liquidity, connecting 6 billion users worldwide.

What is their core selling point? Privacy-first architecture. By using EVM subnets combined with zero-knowledge proof technology, Rayls aims to solve several of the most troublesome issues in traditional finance: real-world asset on-chain, central bank digital currency infrastructure, and the efficiency bottleneck of cross-border payments.

Recently, the $RLS token was simultaneously launched on a compliant platform and a major exchange, which is quite an interesting timing. Additionally, Animoca has started collaborating with Rayls in the field of tokenization, and it seems they are aiming to accelerate their layout in the direction of asset on-chain.

The concept of a banking chain sounds a bit counterintuitive - isn't blockchain supposed to be decentralized? However, if we can truly integrate the liquidity of the traditional financial system onto the chain while using ZK technology to protect privacy and compliance, this may be another approach for the integration of Web3 and TradFi.