The wait for institutional-grade blockchain infrastructure is over. Today, we’re launching Rayls Sovereign: rayls.com/products/sovereign A private blockchain that gives each financial institution its own sovereign ledger. It runs inside the institution’s own perimeter, integrates with existing banking and treasury systems, and connects to private networks and public liquidity. The underlying platform has been in production since June 2024, with 30+ financial institutions installing and using it across tokenised deposits, stablecoins, tokenised assets, and regulated settlement.

You can now deploy your own demo Rayls Sovereign chain, entirely self-serve and with zero code. Deploy a private chain, test real-world financial workflows, and explore the network through an interactive console. Try it out yourself: sovereign.demo-testnet.rayls…

Rayls will be at @Sibos 2026 in Miami, from September 28 to October 1. Sibos brings together more than 10,000 people from over 160 countries, including bank executives, payment leaders, capital markets teams, market infrastructure operators, and technology providers shaping the future of financial services. This year’s programme will focus on the forces reshaping financial services, from payments and digital assets to interoperability and the infrastructure required to support them. Marcos Viriato and Peter Bidewell will be there representing Rayls and sharing what we’ve been building across institutional blockchain infrastructure. If you’ll be in Miami, reach out to @mcvviriato or @petebidewell to connect 🚆

Back to Seoul next week for @kbwofficial 🇰🇷 One of my favourite cities, and I’m especially excited this time around. We’ve had one of our busiest quarters at @RaylsLabs, with a lot happening around bringing institutional finance onchain, from private infrastructure and settlement to tokenization. I’ll be in Seoul Sept 28 → Oct 2 and would love to catch up with people working on this from different angles. And outside of work, I’m always looking for a good Korean BBQ! If you have a favourite spot, send it over. I’ll probably take you up on it 😁

Excited to be teaming up with @protofire 🤝

Last Friday we spent a pleasant evening at @tether Grand Soiree event. It was great to see leaders from the industry, catch up with @paoloardoino and the whole team. Congrats

Black tie in Charlotte. Last Friday, I spent the evening at Tether’s gala. One of those nights where you walk into a room and realize just how much the conversation around stablecoins has changed. There were banks, policymakers, investors and builders all in the same room. The conversations ranged from USAT and the CLARITY Act to what Tether’s next chapter in the U.S. could look like. But what stuck with me was how naturally stablecoins are now being discussed alongside traditional financial infrastructure. A year ago, a lot of these conversations would have started with crypto. Now they’re starting with money, markets, settlement, and infrastructure. That shift is pretty meaningful for us at Parfin and Rayls. Looking forward to carrying these conversations into the next few conferences across the year.

Korea has consistently stood out to us as one of the markets where the institutional case for onchain finance is becoming increasingly real. From our work with the Korean ecosystem to conversations around tokenisation, stablecoins, privacy, and institutional infrastructure, the focus has increasingly shifted from why finance should move onchain to how it can happen responsibly. Excited to continue those conversations at KBW 🇰🇷

The $RLS flywheel starts with real institutional activity on Rayls. → Institutions use Rayls → Network activity generates fees → Fees are used to buy $RLS from the open market → 50% of purchased $RLS is permanently burned → The remaining 50% flows into the Network Security Pool → The pool supports validators and ecosystem growth As institutional usage grows, more fees flow through the mechanism, increasing $RLS burns while strengthening network security. Track network activity, fee flows, and $RLS burns through the Rayls Transparency Portal: dapp.rayls.com/transparency

Something big is coming to Rayls. On 15th October, Rayls Vaults go live. We’re starting with AmFi-powered receivables, following the extended agreement reached during Febraban Tech. More details on the Vaults, the assets, and what’s next will be revealed over the coming days. Stay tuned.

One of the advantages of travelling as much as I have this year is that you start to see the differences between markets that can be difficult to pick up from a distance. So far, I’ve spent time in El Salvador, Hong Kong, Korea and Brazil, meeting investors, banks, asset managers, regulators and potential partners. The most interesting part has been seeing how differently each market is approaching the same transition. We started the year in El Salvador at Tether’s Plan B Forum and the Tether event. We spent the week meeting institutions and potential partners across LATAM. There is a growing focus on where digital assets fit into existing financial markets rather than treating them as a separate ecosystem. Hong Kong offered a different perspective. At Consensus, we hosted a discussion with Animoca Brands and Alumni Ventures around Rayls Commodity Vaults and met investors looking at Brazilian tokenized assets. What stood out to me was the importance of market structure. The capital is there, the interest is there, but building in Asia requires a much deeper understanding of the local financial ecosystem and how institutions actually operate within it. Korea has probably been the clearest example of accelerating institutional interest. I made two trips this year, initially focused on investor relationships and later around Bitcoin and the broader digital asset market. I spent time with banks, asset managers, VCs and financial institutions, both at the conference and in their offices. The conversations were notably more practical than they were a few years ago. There is a clear desire to understand the regulatory direction, the infrastructure being built and which partners can help institutions move from exploration to implementation. Korea is also moving quickly on tokenization, which makes the market particularly relevant to what we are building at Parfin and Rayls. Brazil provides an interesting contrast. Blockchain Rio has grown significantly, and it is increasingly attracting participants from outside the country. Having grown up in Rio and attended four editions, it has been interesting to watch the event, and the ecosystem around it. Febraban Tech was probably the clearest indicator of how far the Brazilian market has come. We had one of our largest presences yet alongside Tether, launched Rayls Sovereign, and spent three days meeting banks, regulators, and financial institutions. Parfin and Rayls are now known quantities across much of the Brazilian financial sector. We are no longer spending the first part of every meeting explaining who we are or why this infrastructure matters. The discussion is increasingly about implementation, use cases, and how institutions can deploy it. That is a meaningful change. Across these markets, I’m seeing the same broad direction but very different paths to get there. Regulation, existing financial infrastructure, institutional readiness and local market dynamics are all determining the pace of adoption. That makes being on the ground increasingly important. The difference between a market that is genuinely moving and one that is simply generating headlines becomes much easier to identify when you are speaking directly with the institutions involved. There is plenty more data to gather. Korea Blockchain Week is next, followed by a packed conference season across Asia, LATAM and other key financial markets. The next few months should provide an even better read on which institutional use cases are moving from narrative to real adoption, and where the infrastructure requirements are beginning to take shape.

55% boosted staking is officially closed. When we launched a 55% APY staking opportunity, the goal was simple: get $RLS into the hands of the people who wanted to help build and secure Rayls from the very beginning. The response was stronger than we could have hoped for. We thank everyone who participated in this campaign. You took a chance on Rayls early. You locked your $RLS, supported the network, and helped turn the first phase of staking into a reality. Starting tomorrow, your boosted staking position will transfer to the ~18% APY staking. By continuing to delegate your $RLS, you can: → Help secure the Rayls Public Chain → Support the network’s validator set → Continue earning staking rewards We look forward to seeing more of the community put their $RLS to work securing the network.