Rayls joins forces with LayerZero
24 February 2024 US
Image: NicoElNino/stock.adobe.com
Rayls, an institutional blockchain ecosystem, has partnered with LayerZero, an interoperability protocol in crypto, to bring enhanced liquidity, security, and compliance to financial institutions engaged in cryptocurrency and tokenised deposits.
The collaboration intends to bridge the gap between traditional finance and decentralised finance by integrating LayerZero on Rayls. This will connect Rayls to over 120 blockchain networks, which the company says will enable more secure asset transfers and real-time financial integration.
The partnership is further said to encourage institutional adoption of blockchain technology, while maintaining security and compliance standards.
"With this integration, we're making it possible for financial institutions to securely move assets across global networks, unlock new liquidity channels, and participate fully in the evolving world of DeFi," says Marcos Viriato, CEO and co-founder of Parfin, a developer of Rayls.
Bryan Pelligrino, CEO and co-founder of LayerZero, adds: “With Rayls, we’re bridging institutions, central banks, and DeFi protocols in a way that allows tokenised assets, stablecoins, and central bank digital currencies to move securely across both public and private networks."
The collaboration intends to bridge the gap between traditional finance and decentralised finance by integrating LayerZero on Rayls. This will connect Rayls to over 120 blockchain networks, which the company says will enable more secure asset transfers and real-time financial integration.
The partnership is further said to encourage institutional adoption of blockchain technology, while maintaining security and compliance standards.
"With this integration, we're making it possible for financial institutions to securely move assets across global networks, unlock new liquidity channels, and participate fully in the evolving world of DeFi," says Marcos Viriato, CEO and co-founder of Parfin, a developer of Rayls.
Bryan Pelligrino, CEO and co-founder of LayerZero, adds: “With Rayls, we’re bridging institutions, central banks, and DeFi protocols in a way that allows tokenised assets, stablecoins, and central bank digital currencies to move securely across both public and private networks."
NO FEE, NO RISK
100% ON RETURNS If you invest in only one asset servicing news source this year, make sure it is your free subscription to Asset Servicing Times
100% ON RETURNS If you invest in only one asset servicing news source this year, make sure it is your free subscription to Asset Servicing Times
