Re.al has officially launched its mainnet, unveiling a new blockchain platform designed to manage real-world assets (RWAs) such as properties and commodities. This innovative platform, which operates on Arbitrum (ARB) Orbit and is powered by Gelato’s Rollup-as-a-Service, has already locked in $40 million and prepared 190 properties for tokenization. Notably, Re.al promises to return all profits to its users.
The platform addresses several persistent issues in decentralized finance (DeFi), including making assets more accessible for trading, enhancing interoperability, and ensuring fluidity. Jag Singh, Re.al’s CEO, highlighted the choice of Arbitrum Orbit for its speed, flexibility, and security, which are essential for nurturing an ecosystem centered around tokenizing RWAs.
At launch, Re.al offers a range of tokenized assets, including real estate and Treasury Bills. To address liquidity problems and simplify asset management, Singh introduced Basket tokens, which bundle individual properties into a single, more liquid ERC-20 token. This innovative solution aims to integrate these assets more seamlessly into other financial systems.
Initial Offerings and Innovations
“Decentralized finance aims to democratize financial services, eliminating the need for traditional intermediaries,” said Peter Haymond from Offchain Labs. “By weaving real-world assets into the Arbitrum ecosystem, Re.al is making this vision a reality.”
Hilmar Orth, founder of Gelato, expressed enthusiasm for the platform’s potential, stating, “Re.al is merging sophisticated blockchain technology with practical web services. This fusion is poised to accelerate the adoption of real-world asset apps and could significantly transform the blockchain landscape.”
Re.al’s collaboration with partners such as Gelato RaaS, LayerZero, and RedStone Oracles aims to enhance the platform’s capabilities and extend its impact within the blockchain community. These partnerships are expected to boost the functionality of Re.al’s app ecosystem, securing a broader and more influential presence in the blockchain sector.
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