Morning folks!

Rayls Labs’ chain is pretty interesting—not here to disrupt traditional banks, but rather to build bridges for them. They’ve secured investments from Parafic Capital, Framework Ventures, Valor Capital, and Alexia Ventures, focusing on compliance.

It’s an EVM-compatible L1 with a straightforward vision: connect the $100 trillion pool of traditional finance with Web3’s speed and composability. The technical architecture uses a dual-layer design, aiming to meet banks’ strict regulatory requirements without losing on-chain flexibility. Simply put, it lets the suit-and-tie crowd and the hoodie crowd sit at the same table.