In a report launched on November 06th, Kinexys by J.P. Morgan (formerly known as Onyx by J.P. Morgan), the firm’s blockchain business unit selected Rayls to participate in Project EPIC – exploring privacy and identity solutions for institutions. In Parfin’s implementation, the Rayls platform showcased a secure and compliant system for global, institutional transactions..

In Rayls’ proof of concept (POC), the following benefits were shown:

●       Privacy by Design: Privacy ledgers protected sensitive data on-premise, with end-to-end encryption and Merkle root attestations enabling confidential interactions.

●       Regulatory Compliance: Integrated with AML/KYC and suitability frameworks through attestation services, ensuring trust and meeting institutional requirements.

●       Interoperability and Scalability: The modular architecture supported cross-chain transactions via atomic teleport protocol, allowing participation in multiple markets without sacrificing security or privacy.

“Rayls represents a paradigm shift in the way banks can securely and efficiently transact and we are looking forward to further developing solutions that contribute to the future of banking”.

“Enterprise-grade privacy and digital identity solutions are critical to unlock benefits of tokenization meaningfully and at scale”.

Rayls is built on the foundational principles of privacy, security, and governance, providing a comprehensive system that empowers banks to transact privately and with confidence. By seamlessly integrating these elements, Rayls not only meets the current needs of financial institutions, but it is also able to advance and strengthen existing systems today as technology continues to innovate. With a commitment to international expansion, Rayls aims to leverage its unique capabilities to support banks and other financial entities around the world in navigating the complexities of digital asset management.

For more information about Rayls and its innovative solutions, visit https://www.rayls.com.
To read the full report from Kinexys by J.P. Morgan visit here.