Rayls Is Turning Traditional Finance into a 24/7 Market

by
Victoria d’Este

Revealed: October 08, 2025 at 3:03 pm Up to date: October 08, 2025 at 3:03 pm

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October 08, 2025 at 3:03 pm

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A single financial institution working with Rayls points over 1.3 million tokenized certificates of deposit every single day, a formidable instance of how blockchain can already deal with actual monetary scale. On this interview, Marcos Viriato, CEO at Parfin and Builder at Rayls, discusses his journey from conventional banking to Web3, how Rayls bridges the hole between personal and public chains, and why he believes tokenization and privacy-preserving expertise will redefine the way forward for international finance.

Are you able to please introduce your self as an expert and inform us about your journey into Web3?

I’ve been working in conventional finance for about 25 years, spending 13 of these at a financial institution known as BTG Pactual, the most important funding financial institution in Latin America. Throughout my profession there, I used to be an MD Accomplice liable for international operations and expertise, managing round 2,000 workers throughout Brazil, Chile, Colombia, Peru, Mexico, the USA, Canada, and the UK. At one level, I used to be additionally the CTO for the complete financial institution.

Being so near expertise, I bought to know crypto in 2014 once I purchased my first bitcoins. From there, I began learning blockchain and its protocols. I spotted that blockchain had the potential to resolve a significant drawback in monetary markets: liquidity fragmentation. After I left the financial institution in 2019, I took a sabbatical and mirrored on how monetary markets, as we all know them, would finally migrate to blockchain rails.

We noticed that monetary establishments lacked the sort of infrastructure they may belief and comfortably use. That’s the reason we began constructing Rayls, a blockchain designed for banks and monetary establishments, centered on compliance, on-chain KYC, suitability checks, and different options banks require. Safety is prime; it’s our first precept. Our mission is to deliver 100 trillion {dollars} in belongings on-chain by serving to banks undertake blockchain, tokenize belongings, and migrate legacy methods to blockchain infrastructure.

Rayls combines a public Ethereum-compatible chain with personal networks for establishments. How does this unified strategy stability privateness, compliance, and interoperability?

It’s troublesome for a financial institution to maneuver immediately from off-chain methods to public blockchains. A lot of their merchandise, comparable to certificates of deposit, are offered to their very own purchasers. They don’t essentially must difficulty these on a public chain, however they nonetheless wish to tokenize and modernize.

Our mannequin permits a financial institution to begin by implementing its personal personal community, the place it will probably tokenize belongings, take a look at flows, and difficulty tokenized deposits. This provides them consolation and management. Nevertheless, staying solely on a non-public community doesn’t mixture liquidity. That’s the reason our personal networks are seamlessly built-in with the general public chain.

As an example, a financial institution can transfer tokenized belongings from its personal community to the general public chain for liquidity or different use instances, comparable to enabling purchasers to commerce, borrow, or lend in opposition to these belongings. We’re already working with a financial institution that plans to deploy a lending pool on a public chain the place others can deposit belongings to help lending actions.

This hybrid setup affords flexibility: personal networks for top scalability, pace, and safety, and interoperability with public chains for liquidity. Certainly one of our real-world instances entails a financial institution with 65 million prospects issuing 1.2 to 1.3 million certificates of deposit every day. Doing that on a public chain could be far too sluggish and costly, however with our setup, they will difficulty on the personal community and switch solely chosen belongings to the general public chain when liquidity is required.

What particular challenges in conventional finance does Rayls purpose to deal with? How does your platform allow banks to soundly undertake blockchain and DeFi options?

The primary problem is scalability. Conventional blockchains like Ethereum can course of round 300 to 400 transactions per second, which isn’t sufficient for banks issuing over 1,000,000 tokens per day. Our personal community reaches as much as 10,000 transactions per second, permitting a financial institution to tokenize a million belongings in about 5 minutes.

The second problem is privateness. We developed Rayls Enigma, a privacy-preserving protocol utilizing zero-knowledge proofs. Banks don’t wish to expose shopper balances, transaction quantities, or holdings. Our protocol preserves this confidentiality whereas permitting them to make use of blockchain securely.

We’re additionally increasing this privacy-preserving expertise to lending, AMMs, and even auctions, all with privateness. These instruments enable banks to soundly characterize, trade, and retailer tokenized worth throughout completely different asset courses.

How do you see the way forward for blockchain adoption throughout the conventional finance system? Will tokenization reshape monetary markets?

Tokenization introduces a 24/7 monetary market, identical to crypto. It allows steady commerce, switch, and liquidity.

Second, stablecoins enhance fee infrastructure, making settlements immediate and international. You’ll be able to transfer hundreds of thousands in seconds wherever on the earth.

Third, tokenization allows liquidity aggregation. Think about a world the place all belongings, together with shares, bonds, actual property, and receivables, are tokenized. These belongings might be transferred, used as collateral, or exchanged immediately, unlocking monumental liquidity that’s at the moment trapped in silos.

An excellent instance is from the DTCC, the most important central counterparty in the USA. They not too long ago tokenized belongings so purchasers might commerce them within the U.S. after which use the identical belongings as collateral in Japan in a single day. That may be a large leap in market effectivity. We’re nonetheless within the early phases, however the transformation has already begun.

Do you suppose banks are able to embrace DeFi-like infrastructure?

I feel it’s a journey. Just a few years in the past, crypto was virtually taboo in banks. Some even closed accounts of crypto corporations. Nevertheless, as rules turned clearer, particularly in the USA, banks started realizing the potential of blockchain.

It isn’t a simple transition; it requires new expertise, expertise, and custody fashions. So banks are beginning small: tokenizing belongings in closed environments for their very own purchasers, then regularly increasing to extra open methods. Some establishments are already well-prepared, having spent years constructing digital asset divisions and tech stacks.

Now, with regulatory readability, we see extra banks desirous to launch stablecoins, undertake crypto, and tokenize belongings. We’re firstly of a significant technological shift in finance.

Wanting on the blockchain and finance trade as a complete, what tendencies or improvements do you discover most enjoyable, and the way is Rayls positioned to reap the benefits of them?

Tokenization is unquestionably essential, however the actual transformation will come when banks and monetary establishments begin providing on-chain companies.

For instance, think about utilizing an AMM to carry out an on-chain FX transaction, changing a non-USD stablecoin right into a USD stablecoin immediately. The liquidity in these AMMs could be offered by monetary establishments.

Image this: an exporter in Argentina sells soybeans to China. The Chinese language purchaser pays in yuan, whereas the Argentine vendor wants pesos. By on-chain FX utilizing stablecoins, that transaction might occur immediately and transparently.

Moreover, that very same exporter would possibly wish to use their receivable, comparable to a 30-million-dollar soybean cargo, to get financing. That commerce finance receivable may very well be tokenized and positioned in a lending pool, the place traders present liquidity in trade for yield. We’re already implementing this with a significant buying and selling firm producing 3 billion {dollars} in annual income.

That is the place Rayls brings actual worth by enabling environment friendly, tokenized, and privacy-preserving finance.

Are you able to share any upcoming product milestones, partnerships, or pilots that the group and traders ought to look ahead to this 12 months and subsequent?

Sure, we’re at the moment launching our public chain testnet, and we’re thrilled with the outcomes to this point. We plan to go dwell round December to make sure the chain is strong and meets shopper necessities.

On the personal community aspect, we’re going dwell with a buying and selling firm on a significant venture: the tokenization of commerce finance receivables. That may be a important milestone.

We’re additionally partnering to deliver our privacy-preserving AMM protocol to market. There are extra thrilling collaborations within the pipeline, some we can’t disclose but, however we’re in a robust place to ship actual on-chain worth and develop our group’s involvement in these transformative tasks.

About The Creator

Victoria is a author on a wide range of expertise subjects together with Web3.0, AI and cryptocurrencies. Her intensive expertise permits her to write down insightful articles for the broader viewers.

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