Rayls Unveils Open-Source Blockchain Platform for Regulated Institutions
Rayls has launched an open-source blockchain platform for banks and regulated institutions called Rayls Sovereign. This platform allows financial institutions to have their own private blockchain environment, retaining control over sensitive data, security, and governance.
The platform is designed to solve a persistent problem in the adoption of blockchain technology by banks: how to keep sensitive financial activity private without becoming isolated from public blockchain markets.
Rayls Sovereign gives banks their own EVM-compatible blockchain environment, allowing them to connect to permissioned networks and public chains while maintaining control over infrastructure, data, and governance.
The launch of Rayls Sovereign marks a significant expansion of the technology that is already being used by more than 30 financial institutions. The company's existing architecture has been built around connecting institution-controlled private environments with broader blockchain networks.