Recently, a project called Rayls Labs has been making waves.

Their ambitions are not small - they want to move the entire traditional banking system onto the blockchain. Assets? Users? They want it all. You might think this sounds a bit crazy, but they're targeting a vast market worth trillions of dollars.

In simple terms, it means using blockchain technology to "build highways" for these established financial institutions, allowing assets to move on the chain.

More importantly, there are a number of hardcore investment institutions backing it. You should be familiar with names like ParaFi Capital and Valor Capital Group — they are top-tier capital with a very high level of recognition in the industry. With these big players supporting it, the credibility of this matter has instantly jumped several levels.

The track of traditional finance going on-chain seems to really be heating up.