A journey from traditional to on-chain
Marcos Viriato, CEO and co-founder of Parfin, core developer of Rayls, has recently been a special guest on two prominent podcasts, diving into the transformative potential of blockchain technology, institutional tokenisation, and digital assets.
In these conversations, he explores how these innovations are reshaping financial markets and shares Rayls' mission to onboard millions into a secure, compliant, and high-performance ecosystem that seamlessly bridges traditional finance (TradFi) and decentralised finance (DeFi).
Transforming the Financial Market as we know it
In an episode of the Web3 with Sam Kamani podcast, Marcos shared his insights into the future of blockchain adoption within the TradFi system. Having made a significant transition from a career in banking to the world of crypto, he offers a unique perspective on how blockchain can transform financial markets.
“In the early years, after reading a whitepaper on Bitcoin, I became fascinated with its potential to revolutionize financial markets. Back in 2019, there was a lack of blockchain infrastructure that would allow banks and financial institutions to adopt blockchain and crypto. That’s when Parfin emerged, and two and a half years ago, we set out to build a new blockchain infrastructure designed for financial markets. And that's Rayls.” – Marcos Viriato
Navigating challenges of regulation
Rayls was built on an adaptable Ethereum Virtual Machine (EVM) ecosystem, designed to bridge DeFi and TradFi by seamlessly integrating private subnets with the public blockchain. This allows institutions to benefit from blockchain technology without compromising privacy or security, embracing tokenisation without the complexities and risks typically associated with such a transition. On the other side of the ecosystem, users and developers enjoy the benefits of tokenised assets without necessarily being aware of the underlying blockchain technology. This ensures a win-win scenario for institutions, developers, and end-users alike.
Regulatory bodies are now beginning to understand the importance of stablecoins and other blockchain-based solutions, and efforts are being made to simplify compliance requirements. This will enable institutions to more easily integrate blockchain into their operations and bring mass adoption closer to reality.
Interoperability to drive change
Can Tokenisation Reshape Financial Markets? This was the key question answered in episode #548 of the Around the Coin podcast. This interview dives deep into investment banking, real-world asset tokenisation, and real use cases of blockchain adoption by traditional financial institutions and global regulators. It explores how central banks leverage blockchain for privacy and scalability, as well as key developments in Latin America, particularly around remittances and hedging against hyperinflation.
Throughout the conversation with the host, Stephen Sargeant, Marcos explains how Rayls' nodes operate within banks’ premises, ensuring security against phishing attacks. Interoperability is a cornerstone of blockchain adoption in financial markets, facilitating secure, seamless transactions between institutions while preserving privacy.
- Secure Connections Between Networks: Banks need to maintain strict security at the connection points (or "bridges") between their internal systems and broader blockchain networks to prevent unauthorized access.
- Emerging Interoperability Protocols: Rayls is working with interoperability protocols such as Chainlink and LayerZero, which are advancing the way financial institutions connect and transact across different blockchains.
- Project EPIC Proof of Concept: Rayls' performance in this groundbreaking initiative, Project EPIC by Kinexys (J.P. Morgan), demonstrates its ability to ensure privacy and secure transactions within permissioned blockchain networks, aiming to bring more banks into decentralized finance.
- Use Cases in Financial Markets: Interoperability is crucial for tokenizing assets, ensuring private transactions, and creating on-chain KYC (Know Your Customer) and suitability checks without exposing personal data.
- Future of L2s and Rollups: 2025 will be a critical year for Layer 2 (L2) scaling solutions, particularly ZK-rollups, which enhance blockchain efficiency and interoperability.
Looking Ahead and Beyond
Rayls is positioning itself at the forefront of this movement, building solutions that will empower financial market providers to leverage blockchain technologies. As the financial world embraces the potential of tokenized assets, we are only beginning to scratch the surface of what blockchain can do for the global economy. The future is bright, and with institutions like Rayls leading the charge, we can expect to see a more inclusive, transparent, and efficient financial system that will benefit everyone.
"There is a significant opportunity to bridge the gap between the technical differentiators of Web3 developers and the evolving needs of financial institutions, ultimately aligning with what customers are seeking in this vast and still largely untapped digital landscape. As of early 2025, estimates suggest that there are approximately 600 million crypto holders, accounting for 7.5% of the global population. This highlights the growing adoption of cryptocurrencies yet underscores the potential for further growth and innovation in space". – Marcos Viriato
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Listen and watch the full episodes at your preferred streaming service.
216: Bridging TradFi and Crypto: Marcos from Parfin on Rayls and Institutional Adoption
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