Rayls, a blockchain ecosystem specializing in institutional decentralized finance (DeFi), has announced a strategic partnership with LayerZero, an interoperability protocol, to improve liquidity and connectivity for financial institutions across more than 120 blockchain networks. The collaboration is expected to bridge the gap between traditional finance (TradFi) and DeFi by enabling seamless transactions involving stablecoins, central bank digital currencies (CBDCs), and tokenized deposits across multiple platforms.
The partnership is designed to create new opportunities for financial institutions by enhancing liquidity management, security, and compliance in blockchain transactions. Rayls has been actively expanding its blockchain infrastructure solutions, working with notable institutions such as the Central Bank of Brazil and JP Morgan Kinexys. The ecosystem has also benefited from a successful Series A funding round, which raised $16 million, bringing total funding for core developer Parfin to $38 million. This financial backing further supports Rayls’ objective of scaling its DeFi capabilities.
Strengthening Cross-Chain Financial Transfers
By integrating LayerZero’s interoperability protocol, Rayls’ platform aims to facilitate secure asset transfers between private subnets and over 120 public blockchains. This development is expected to drive broader institutional adoption of blockchain technology while maintaining high security and regulatory compliance standards.
The leadership at Rayls has emphasized that LayerZero’s ability to provide efficient and secure cross-chain communication is a crucial element in connecting financial institutions with decentralized finance solutions. The integration of this technology is expected to enable institutions to move assets seamlessly across global networks, tap into new liquidity channels, and actively participate in the rapidly evolving DeFi landscape.
Similarly, LayerZero’s leadership has highlighted the importance of building infrastructure that ensures financial institutions do not have to compromise between security, compliance, and interoperability. The collaboration with Rayls is set to bridge institutions, central banks, and DeFi protocols, ensuring that tokenized assets, stablecoins, and CBDCs can be transferred securely across both public and private blockchain networks. This initiative is seen as a foundational step in creating a unified and scalable financial ecosystem that fosters innovation and inclusivity on a global scale.
Next Steps in the Integration Process
The joint initiative addresses key challenges related to interoperability between private and public blockchains, which is essential for improving global liquidity and transaction efficiency. The next phase of the project involves the integration of LayerZero’s cross-chain messaging system into Rayls’ platform, with pilot testing set to begin with select financial institutions in 2025. A full-scale rollout is expected to follow later in the year, positioning Rayls and LayerZero at the forefront of institutional blockchain innovation.