Parfin creates the Rayls platform to enhance the privacy of Brazil's central bank digital currency.

according to Bitcoin.com, the financial company Parfin, focused on crypto and blockchain, announced the creation of a new platform called Rayls, aimed at enhancing the privacy of Brazil's central bank digital currency (CBDC) drex. The solution is capable of operating in a permissioned manner, where each account interacting with the system is required to go through a KYC process.

It is reported that this platform also includes the Rayls public chain, which can interact with Ethereum L2 and other open cryptocurrency projects. Parfin pointed out that this duality may alleviate the integration of regulated entities such as banks and other institutions from the traditional financial world with the DeFi space.