Announcing the Rayls Public Chain

Rayls has been built from the ground up to solve one of the biggest challenges in finance today: how to bring the scale, governance, and privacy of traditional finance together with the openness and liquidity of decentralised finance.

After years of working with institutions on private networks, we are now moving decisively into the public domain with the launch of the Rayls Public Chain, a full Layer 1 blockchain.

Why We Chose to Build an L1

Rayls started as a private, permissioned blockchain network between institutions, but the mission has always been much more.

Privacy Nodes and Private Networks provide the foundations institutions need, but real transformation only happens when those private systems connect to a public chain for the world to permissionlessly interact with.

To deliver this at scale, we made the decision to build our own Layer 1 to ensure deterministic finality, predictable gas fees, and compliant infrastructure that meets regulatory standards while still being open to existing crypto users.

Limitations of L2s for Our Requirements

As long-term admirers of Ethereum, we began by carefully evaluating Layer 2 solutions.

Rollups (of all varieties) are extremely powerful, but for now, their structural limitations clash with our requirements.

• Sub-second deterministic finality is almost impossible to achieve in current L2 designs.
• Stable gas pricing is equally hard to guarantee.

For institutions handling billions of dollars, those uncertainties are alien concepts and create barriers too large to ignore.

Advantages of an L1 for Rayls

By building a bespoke Layer 1, we can design from first principles.

The Rayls Public Chain introduces a new consensus algorithm for deterministic finality, ensuring settlements are final and irreversible within seconds.
Gas becomes a stable unit of account, removing volatility from transaction costs.

The chain integrates Ethereum trust anchors, providing censorship resistance and security, while giving users the option of forced inclusion at the Ethereum base layer.

• Institutions get predictability and compliance.
• Developers get EVM compatibility.
• Users get speed and certainty.

Why Now is the Perfect Moment

Institutions are no longer in pilot mode.

Large-scale tokenisation projects are live, central banks are exploring CBDCs, and global investors are seeking compliant ways to access digital assets.

Rayls has already been deployed in major financial institutions, generating significant transaction fees.

Moving to a public Layer 1 is the natural next step to connect these institutional deployments to the broader DeFi ecosystem.

The market is aligned with TradFi and DeFi, both looking for common ground.

Understanding the Challenges

Launching a new Layer 1 is not without risks: bootstrapping validator sets, securing liquidity, and achieving developer adoption are major challenges.

We also recognise that the market is crowded with other L1s, many with strong ecosystems.

What differentiates Rayls is not just performance or features, but our alignment with compliance, privacy, and settlement requirements of real financial institutions - something we’ve already proven through our Privacy Nodes and Private Networks.

Comparing Rayls to Other L1s

Ethereum remains the backbone of DeFi, but cannot yet offer deterministic finality or stable gas fees.

Other Layer 1s solve for speed or throughput, but often compromise on decentralisation, compliance, or interoperability.

Rayls is designed to combine the best of both:
the openness of Ethereum with the institutional safeguards required in regulated markets.

These features set Rayls apart from most public chains today:

• Privacy-preserving transactions
• Built-in onchain identity
• MEV protection

If the core Ethereum roadmap eventually fulfills our requirements, we’d be excited to pivot to an L2.

What’s Next on the Roadmap

The Rayls Public Chain is live in testnet and will evolve rapidly.

In the coming quarters, we will:

• Expand validator participation
• Move from permissioned to permissionless validation
• Introduce MEV protection
• Roll out Rayls Enygma for onchain privacy

Institutions will soon bridge assets from private networks into the public chain, while developers will have a stable, predictable environment to build applications that attract both institutional and retail users.

Our initial core use case will be the tokenisation of receivables from some of the most trusted financial institutions in the world, enabling DeFi users to buy, hold, and trade them.

In Conclusion

The launch of the Rayls Public Chain marks a new phase, connecting our private infrastructure to an open, permissionless future.

It’s the bridge that finally allows trillions in liquidity to flow from traditional markets into decentralised finance.

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