Re.al has officially rolled out its mainnet and launched a new blockchain platform aimed at managing real-world assets such as properties and raw materials, promising to return all profits to users.
Running on Arbitrum (ARB) Orbit and powered by Gelato’s Rollup-as-a-Service, Real.al is off to a strong start with $40 million already committed and 190 properties ready for tokenization.
The platform aims to tackle persistent problems in decentralized finance (defi) by making assets more accessible for trading, improving interoperability and ensuring liquidity.
“The speed, flexibility and security are exactly what we need to nurture an ecosystem focused on tokenizing real-world assets,” said Jag Singh, CEO of real.al, explaining why they opted for Arbitrum Orbit have chosen.
Since its inception, real.al has offered users a range of tokenized assets, including real estate and treasury bills. Singh has introduced an innovative solution called Basket tokens, which bundles individual properties into a single, more liquid ERC-20 token. The smart approach addresses common liquidity issues and simplifies the management and integration of these assets into other financial systems.
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First offers and innovations
“Decentralized finance aims to democratize financial services, eliminating the need for traditional intermediaries. By weaving real-world assets into the Arbitrum ecosystem, real.al is making this vision a reality,” says Peter Haymond of Offchain Labs, highlighting the broader vision.
“Re.al combines advanced blockchain technology with practical web services. This merger is poised to accelerate the adoption of real-world asset apps and could significantly transform the blockchain landscape,” Hilmar Orth, founder of Gelato, expressed excitement about the platform’s potential.
Re.al is working with Gelato RaaS and other partners, such as LayerZero and RedStone Oracles, to enhance the capabilities and reach of its app ecosystem. The partnership increases the functionality of the platform and creates a broader impact within the blockchain community.
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