Núclea and Rayls: Pioneering Blockchain Solutions for the Financial Sector at Token 2049 Singapore
Singapore, September 4, 2024 – The financial landscape is undergoing a seismic shift, driven by the integration of blockchain technology into traditional financial systems. At the forefront of this transformation is Núclea, a leading Financial Market Infrastructure in the Southern Hemisphere, which will showcase its innovative use of Rayls technology at Token 2049 Singapore. This collaboration aims to bridge the gap between traditional finance and decentralized finance (DeFi), facilitating the rapid adoption of Real-World Asset (RWA) tokenization within financial markets.
The Power of Rayls Technology
Rayls is a groundbreaking blockchain technology that empowers financial institutions to create their own permissioned Ethereum Virtual Machine (EVM) ‘subnet’ blockchains. This unique approach allows institutions to maintain privacy and regulatory compliance while accessing the broader DeFi ecosystem. By employing advanced cryptographic techniques such as Zero-Knowledge Proofs and Homomorphic Encryption, Rayls ensures that transactions remain secure and confidential.
The architecture of Rayls enables financial institutions to connect their private subnets to the Rayls Public Chain, a permissionless Ethereum Layer 2 chain. This seamless integration provides institutions with access to larger liquidity pools and DeFi protocols, thereby enhancing their operational capabilities and market competitiveness.
Núclea’s Role in Financial Innovation
Núclea, formerly known as Câmara Interbancária de Pagamentos, has established itself as a powerhouse in the financial sector, processing over 29 billion transactions in 2023 alone. By implementing Rayls Subnet technology, Núclea Chain is at the cutting edge of developing resilient and scalable digital RWA tokenization and on-chain payment solutions. This initiative is set to pave the way for new financial use cases, transforming how financial institutions operate and interact with digital assets.
At Token 2049, Núclea’s Tech Head for Digital Assets, Leandro Pereira, will join forces with Rayls’ core developers, including Parfin’s Co-founder & CPTO, Alex Buelau, and Co-founder & CEO, Marcos Viriato. Together, they will discuss the transformative impact of Rayls technology on the financial sector and how it enables secure and compliant blockchain adoption for institutions worldwide.
Insights from Industry Leaders
Marcos Viriato, Co-Founder & CEO of Parfin, emphasized the importance of Rayls in bridging traditional finance with decentralized finance. “Rayls provides a vital bridge between the traditional financial system and the evolving world of decentralized finance, offering a scalable, private, and compliant solution for institutions,” he stated. This sentiment reflects the growing recognition of the need for financial institutions to adapt to the changing landscape of digital finance.
Leandro Pereira echoed this sentiment, highlighting the significance of Rayls Subnet technology for Núclea Chain. “The use of Rayls Subnet technology as the infrastructure for Núclea Chain marks a significant step forward in how we approach a new era of financial markets and decentralized Financial Market Infrastructure,” he noted. The discussions at Token 2049 are expected to shed light on the potential of this technology to revolutionize the financial sector.
Beyond Token 2049: Parfin at the Real-World Asset Summit
In addition to its participation at Token 2049, Parfin will also be featured at the Real-World Asset Summit in Singapore on September 17th. This prestigious event is gaining traction in the tokenization sector and will host discussions with C-level executives from leading companies. Marcos Viriato is set to deliver a keynote address on the topic of RWA in emerging markets across Asia and Latin America, further solidifying Parfin’s position as a thought leader in the blockchain space.
Conclusion
The collaboration between Núclea and Rayls represents a significant leap forward in the integration of blockchain technology within the financial sector. By leveraging Rayls’ innovative solutions, financial institutions can navigate the complexities of compliance and security while embracing the opportunities presented by decentralized finance. As the industry gathers at Token 2049 Singapore, the discussions and insights shared will undoubtedly shape the future of finance, paving the way for a more efficient, transparent, and inclusive financial ecosystem.
For more information about Rayls, visit www.parfin.io. To learn more about Núclea, visit www.nuclea.com.br.
About Parfin
Parfin is a financial technology company dedicated to building enterprise-grade software products that enable financial institutions to adopt blockchain technology. Founded in 2019 by veterans of investment banking and blockchain technology, Parfin is the core developer of Rayls, promoting a unified finance approach that ensures compliance, security, and privacy. Learn more at www.parfin.io.
About Rayls
Rayls is a cutting-edge blockchain technology designed to empower financial institutions with secure, scalable, and compliant solutions. By offering permissioned EVM ‘subnet’ blockchains, Rayls enables institutions to maintain privacy while connecting to the decentralized finance ecosystem. Learn more at www.rayls.io.