Re.al has formally launched its mainnet and pledges to give users their entire earnings back.
Powered by Gelato’s Rollup-as-a-Service and operating on Arbitrum (ARB) Orbit, re.al has made a solid debut with $40 million committed and 190 properties prepared for tokenization.
Through enhancing interoperability, guaranteeing fluidity, and increasing asset accessibility for trading, the platform seeks to address enduring problems in decentralized finance (defi). The CEO of re.al, Jag Singh, explained why Arbitrum Orbit was chosen:
“Its speed, flexibility, and security are exactly what we need to nurture an ecosystem centered around tokenizing real-world assets”
Real estate and Treasury Bills are only two of the tokenized assets that re.al has made available to customers from the outset. Singh has proposed a novel remedy known as “basket tokens,” combining several characteristics into a more pliable ERC-20 token.
This ingenious method addresses typical liquidity issues and streamlines the administration and incorporation of these resources into other banking frameworks.
Initial offerings and Inventions
“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.
The merger has the potential to drastically alter the blockchain environment and speed up the adoption of real-world asset apps. Hilmar Orth, the founder of Gelato, voiced his excitement about the platform’s possibilities.
Re.al is working with LayerZero, RedStone Oracles, Gelato RaaS, and other partners to expand the features and reach of its app ecosystem. The agreement ensures a wider influence among the blockchain community while enhancing the platform’s functionality.
