In a significant development aimed at integrating traditional finance with decentralized finance, Animoca Brands has formed a partnership with Rayls, a blockchain ecosystem focused on the tokenization of real-world assets (RWAs). This collaboration is expected to leverage the strengths of both entities to facilitate broader adoption of RWAs across various sectors.
The partnership is structured under a memorandum of understanding (MoU), which outlines a joint effort to identify and tokenize suitable asset classes using Rayls infrastructure. Animoca Brands will utilize its extensive network to pinpoint potential issuers and asset types that can benefit from tokenization.
Central to this initiative is the development of the necessary economic, technical, privacy, and utility frameworks that will support the effective tokenization of these assets. Rayls is set to deliver its institutional-grade settlement and privacy infrastructure to NUVA, a chain-agnostic vault marketplace aimed at distributing RWAs that have been tokenized by Rayls.
Furthermore, Rayls will offer cross-chain bridge solutions along with technical interfaces to streamline the settlement workflows essential for NUVA”s operations. This alignment of resources and expertise signifies a strategic move towards ensuring that tokenized assets can operate seamlessly across different blockchain networks.
Marcos Viriato, co-founder and CEO of Parfin, the core developer of Rayls, underscored the significance of institutional adoption in fostering stability and reliability within the crypto landscape. He remarked that Animoca Brands” vast reach could play a pivotal role in accelerating the integration of RWAs into the market.
Evan Auyang, Group President of Animoca Brands, highlighted the partnership”s potential to create a robust pipeline for tokenizing trillions of dollars in real-world assets globally. By merging Rayls” institutional-grade settlement and privacy capabilities with Animoca Brands” expansive ecosystem, the collaboration aims to unlock new opportunities in the tokenization space.
About the companies involved, Rayls is crafted to bridge the gap between traditional and decentralized finance through a public-permissioned network that adheres to institutional standards for privacy, scalability, and compliance. Its ambitious goal is to bring $100 trillion in liquidity and onboard six billion users onto blockchain platforms, thereby enhancing the decentralized finance (DeFi) ecosystem.
Animoca Brands, a leader in the digital asset arena, focuses on driving innovation in Web3 through blockchain technology and tokenized assets. With a portfolio exceeding 600 companies and renowned digital asset platforms, Animoca Brands remains committed to fostering growth in the Web3 sector via strategic partnerships and investments.
For more detailed insights into this partnership and its implications for the future of tokenization, readers can visit the official Animoca Brands website.
