In recent days, due to Kyle's departure from Multicoin, there have been more discussions about the prospects of the crypto industry. Some say that Crypto is no longer sexy, while others say it is the last darkness before dawn. However, regardless, this bear market has entered a wave of sand washing mode for altcoins, especially VC coins Having a main website alone is not enough, and having a narrative alone is also not enough. Either you have a solid foundation of retail investors and real usage, or you want to start a business with institutions and have real institutional users and funds coming in. Alternatively, reaching retail investors through institutions is also acceptable, similar to B2B2C The former undoubtedly excels in Hyperliquid and Pump, while the latter excels in Maple Finance and Canton Maple Finance focuses on providing short-term loans to institutions and follows the institutional RWA track. TVL has remained stable at 2-3B and the yield is quite good. Canton, as an L1, takes the "institutional privacy" track, providing bank level privacy, regulatory auditing, instant, irreversible settlement and other blockchain forms that traditional finance truly needs What would it be like if these two tracks intersect? @RaylsLabs came to make a sample One sentence introduction is that Rayls is the first to truly integrate the "hidden assets" of banks into the infrastructure of the public EVM world through bank level privacy technology Enygma. Institutions need privacy, markets need liquidity, and retail investors need opportunities. Rayls connected the three together. Simply disassemble it 1. Bank "hidden assets" - this is the most crucial part. Every day, billions of dollars flow between businesses: accounts receivable, trade financing, private equity credit... These RWAs constitute a hidden economy. They only exist in the banking system, serve institutions, and are completely inaccessible to ordinary people That's also why institutions can always get higher returns, while individual investors can only chase volatility, chasing gains and killing losses Rayls' main task is to move these assets onto the blockchain and tokenize them 2. Privacy technology Enygma- The institution first tokenizes the assets previously mentioned on its own private nodes, and then bridges them to the Rayls public chain, an open EVM L1 public chain, through Enygma privacy technology Enygma provides- Bank level privacy (ZKP+FHE) Maintain confidentiality under auditable conditions Allow institutions to migrate assets from private nodes to public chains without leaking sensitive data The entire architecture is fully tailored to the stability, privacy, and auditability requirements of banks and institutions In Rayls' view, banks have long been trapped in private systems such as Corda and Fabric. By connecting them to the infrastructure of the open EVM world through Enygma, we can democratize this $10 trillion market. This is not a PPT, nor is it just trading tokens, but the cash flow generated by participating in real business. There is already a lot of data available now N ú clea - Brazil's largest payment infrastructure, has been tokenizing accounts receivable of $10000 per week for over a year now AmFi introduces $1 billion in accounts receivable to Rayls Nimofast - Collaboration with Brazil's Large Aggregate Business Platform In addition to investors Parafi and Framkework, there is another name that must be mentioned - Tether, as Parfin (Rayls' core development company) received Tether's investment a few months ago to promote the adoption rate of USDT in Latin America and institutions Tether's investment vision has been evident in the industry over the past two years, with a net profit of 5 billion yuan from the 140 tons of gold it holds. Recently, it also launched a new stablecoin called USAT, which directly competes with USDC in the US compliance market. With a valuation of 500 billion yuan, it has been gaining popularity for a while From Maple, to Canton, to Rayls, this is not just another new chain story, but the beginning of TradFi's true migration to the chain