Orbit

Arbitrum

Gelato

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Re.al has officially rolled out its mainnet, launching a new blockchain platform aimed at managing real-world assets such as properties and commodities and promises to return all profits to the users.
Running on Arbitrum (<a href="https://crypto.news/price/arbitrum/" data-type="link" data-id="https://crypto.news/price/arbitrum/" rel="noopener noreferrer nofollow">ARB</a>) Orbit and powered by Gelato’s Rollup-as-a-Service, re.al has made a strong start with $40 million already locked in and 190 properties ready for <a href="https://crypto.news/tag/tokenization/" data-type="link" data-id="https://crypto.news/tag/tokenization/" rel="noopener noreferrer nofollow">tokenization</a>.
The platform aims to address persistent issues in decentralized finance (<a href="https://crypto.news/tag/defi/" data-type="link" data-id="https://crypto.news/tag/defi/" rel="noopener noreferrer nofollow">defi</a>) by making assets more accessible for trading, improving interoperability, and ensuring fluidity.
“Its speed, flexibility, and security are exactly what we need to nurture an ecosystem centered around tokenizing real-world assets,” said Jag Singh, re.al’s CEO, explaining why they chose Arbitrum Orbit.
From the start, re.al offers users a range of tokenized assets including <a href="https://crypto.news/tag/real-estate/" data-type="link" data-id="https://crypto.news/tag/real-estate/" rel="noopener noreferrer nofollow">real estate</a> and <a href="https://crypto.news/tag/us-treasury-bills/" data-type="link" data-id="https://crypto.news/tag/us-treasury-bills/" rel="noopener noreferrer nofollow">Treasury Bills</a>. Singh has introduced an innovative solution called Basket tokens, which bundle individual properties into a single, more liquid <a href="https://crypto.news/tag/erc20/" data-type="link" data-id="https://crypto.news/tag/erc20/" rel="noopener noreferrer nofollow">ERC-20</a> token. The clever approach tackles common liquidity problems and simplifies the management and integration of these assets into other financial systems.
You might also like: <a href="https://crypto.news/real-world-assets-need-real-world-utility-opinion/" rel="noopener noreferrer nofollow"> Real-world assets need real-world utility | Opinion </a>
<h2 class="wp-block-heading" id="initial-offerings-and-innovations">Initial offerings and innovations</h2>
“Decentralized finance aims to democratize financial services, eliminating the need for traditional intermediaries. By weaving real-world assets into the Arbitrum ecosystem, re.al is making this vision a reality,” Peter Haymond from Offchain Labs pointed out, emphasizing the broader vision.
“Re.al is merging sophisticated blockchain technology with practical web services. This fusion is poised to accelerate the adoption of <a href="https://crypto.news/tag/rwa/" data-type="link" data-id="https://crypto.news/tag/rwa/" rel="noopener noreferrer nofollow">real-world asset</a> apps and could significantly transform the blockchain landscape,” Hilmar Orth, founder of Gelato, expressed his enthusiasm about the platform’s potential.
<a href="https://www.re.al/" data-type="link" data-id="https://www.re.al/" target="_blank" rel="noopener noreferrer nofollow">Re.al</a> is collaborating with Gelato RaaS and other partners, such as <a href="https://crypto.news/tag/layerzero/" data-type="link" data-id="https://crypto.news/tag/layerzero/" rel="noopener noreferrer nofollow">LayerZero</a> and RedStone Oracles, to enhance the capabilities and reach of its app ecosystem. The partnership boosts the platform’s functionality and secures a broader impact within the blockchain community.
Read more: <a href="https://crypto.news/doj-charges-two-chinese-nationals-in-73m-crypto-scam/" rel="noopener noreferrer nofollow"> DOJ charges two Chinese nationals in $73m crypto scam </a>

Re.al launches blockchain platform for RWAs, CEO comments on tokenization

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