What is Rayls?

Rayls is blockchain infrastructure for banks and regulated financial institutions. It combines a public EVM Layer 1, the Rayls Public Chain, with private institution-run chains, Rayls Sovereign, and a privacy framework, Rayls Enygma. Institutions use it to tokenise assets, settle payments and reach onchain liquidity while keeping client data confidential and auditable to regulators.

Both. The Rayls Public Chain is a permissionless EVM Layer 1 that anyone can build on and transact over. Rayls Sovereign is a private EVM blockchain that an institution installs inside its own perimeter, with its own data, keys and governance. A lock-and-mint bridge carries tokenised assets from Sovereign to the Public Chain and back, only when the institution chooses.

Rayls is built for banks, central banks, financial market infrastructures, asset managers and fintechs that need tokenisation or onchain settlement under privacy and compliance obligations. Developers and DeFi protocols use the Public Chain to reach tokenised real-world assets and liquidity that originate from regulated institutions.

• Tokenised deposits and stablecoins: mint, transfer and collateralise deposit tokens on a chain the bank owns, and settle against external stablecoins.
• Tokenised real-world assets: issue receivables, private credit, bonds or treasuries privately, then distribute them compliantly.
• Yield-bearing asset vaults: tokenise privately at scale and distribute into public-chain vaults with attestation-based access controls.
• Payments, FX and CBDC: atomic delivery-versus-payment, payment-versus-payment and cross-border settlement.

See use cases.

Parfin is the core contributor and technology provider behind Rayls. It developed the Rayls stack, including Sovereign (Privacy Nodes), Private Networks, Enygma and the Public Chain. Parfin's allocation of about 11% of the initial RLS supply is held in a non-upgradeable onchain lock, with unlocking postponed from December 2026 to December 2027.

The Rayls Public Chain processes 15,000+ transactions per second with hard, deterministic finality in under a second and no chain reorganisations. It runs on Axyl, Rayls' consensus protocol. Rayls Sovereign offers the same performance inside an institution's own perimeter.

Yes. Rayls is EVM-native end to end and built on Reth. Developers use standard 0x addresses, the standard Ethereum JSON-RPC and their existing Solidity toolchain (Foundry, Hardhat, Remix, viem, MetaMask). The Public Chain's chain ID is 72957. Existing Solidity contracts run on Sovereign unchanged. See the docs.

USDr is the native gas token of the Rayls Public Chain. It is pegged 1:1 to the US dollar and fully backed by USDC locked on Ethereum through LayerZero. Because fees are priced in dollars, not in a volatile native asset, institutions can budget onchain activity like any other cost.

In two ways. First, Rayls Sovereign keeps an institution's ledger, data and keys inside its own perimeter. Second, Rayls Enygma combines zero-knowledge proofs with homomorphic encryption. Addresses, balances and amounts stay encrypted, and Enygma supports private atomic swaps (DvP) with embedded compliance checks. Enygma works on any EVM chain, including Rayls Private Networks and the Public Chain, and is designed to be hardened against quantum-computing threats.

Yes. Enygma's Audit View allows selective disclosure of Private Network transactions and balances to designated auditors. Network operators and regulators can enforce governance and disclosure rules, while each participant keeps control of its own data. Privacy on Rayls is designed for compliance, not as a way around it.

Core components are public. The Axyl consensus protocol code is open, and Rayls Enygma is available under a dual licence (SSPL or commercial). Source code is on GitHub.

RLS is the staking token of the Rayls ecosystem. Validators stake RLS to take part in Axyl consensus and receive half of every epoch's fees. Anyone can delegate RLS to a validator without running infrastructure. RLS is also used for fee settlement and governance. Supply is fixed at a maximum of 10 billion RLS.

Fees collected on the Public Chain (paid in USDr) and on private chains are aggregated and converted into RLS where necessary. Those RLS tokens flow into the Rayls Reserve: 50% is burned and 50% goes to the Network Security Pool. Network usage therefore feeds directly into RLS supply. Balances are visible on the Transparency Portal.

Use the Rayls Transparency Portal to verify the official token contract, reserve balances and locks before you trade or stake. Full details are in the litepaper and the token disclosure.

• Banco Central do Brasil selected Rayls for the Drex CBDC pilot, in which 16 of Brazil's largest banks settled tokenised deposits against central bank reserves across six use cases.
• Núclea, Brazil's largest payment financial market infrastructure, has been in production on Rayls since June 2024, tokenising around 40,000 corporate receivables a month.
• XP, one of Brazil's largest investment platforms, issues the USDXP stablecoin on Rayls.
• Caixa Econômica Federal, Brazil's largest publicly owned bank, is moving into production to tokenise real estate credit.
• Rayls also took part in the G20/BIS TechSprint on cross-border payments and was tested in Project EPIC as a privacy and identity layer.

Institutional blockchains differ in how they handle privacy, which smart-contract environment they use, and whether they connect to open public liquidity. The table shows where Rayls sits.

Canton Network, by comparison, uses the Daml smart-contract language and keeps data private by sharing each part of a transaction only with the parties involved. The right fit depends on which of these dimensions your use case cannot compromise on. For a wider comparison, read The institutional privacy landscape in 2026.

The Rayls Public Chain mainnet went live on 30 April 2026. The RLS staking programme and USDr, the dollar-pegged gas token, launched at the same time.

• Institutions: talk to an expert about Sovereign, tokenisation or settlement.
• Developers: read the documentation and deploy to chain ID 72957 with your existing tools.
• Token holders: stake or delegate RLS from the Public Chain page.