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Re.al launches blockchain platform for RWAs, CEO comments on tokenization
Re.al has officially launched its mainnet, launching a new blockchain platform aimed at managing real-world assets such as property and commodities and promises 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 good start with $40 million already locked in and 190 properties ready to tokenization.
The platform aims to address persistent issues in decentralized finance (def) making resources more accessible for negotiation, improving interoperability and ensuring fluidity.
“Its speed, flexibility and security are exactly what we need to cultivate an ecosystem focused on tokenizing real-world assets,” said Jag Singh, CEO of real.al, explaining why they chose Arbitrum Orbit.
Since its inception, real.al has offered users a range of tokenized assets, including real estate AND Treasury bonds. Singh introduced an innovative solution called Token Basket, which bundles individual properties into a single, more liquid one CER-20 token. The intelligent approach addresses common liquidity problems and simplifies the management and integration of these assets into other financial systems.
Initial offers and innovations
“Decentralized finance aims to democratize financial services by eliminating the need for traditional intermediaries. By bringing real-world assets into the Arbitrum ecosystem, real.al is making this vision a reality,” noted Peter Haymond of Offchain Labs, highlighting the broader vision.
“Re.al is fusing sophisticated blockchain technology with convenient web services. This merger is poised to accelerate the adoption of real world resource app and could significantly transform the blockchain landscape,” Hilmar Orth, founder of Gelato, expressed his excitement about the platform’s potential.
True is collaborating with Gelato RaaS and other partners, such as LevelZero and RedStone Oracles, to enhance the capabilities and reach of its app ecosystem. The partnership enhances the functionality of the platform and ensures a broader impact within the blockchain community.