Re.al has officially launched its mainnet, introducing a new blockchain platform designed to manage real-world assets like properties and commodities while promising to return all profits to users.

Operating on Arbitrum Orbit and powered by Gelato’s Rollup-as-a-Service, Re.al has made a notable start with $40 million already locked in and 190 properties ready for tokenization.

The platform aims to tackle persistent issues in decentralized finance (DeFi) 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 real estate and Treasury Bills. Singh has introduced an innovative solution called Basket tokens, which bundle individual properties into a single, more liquid ERC-20 token. This approach tackles common liquidity problems and simplifies the management and integration of these assets into other financial systems.

Peter Haymond from Offchain Labs commented on the platform’s broader vision, saying,

“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.”

Hilmar Orth, founder of Gelato, also expressed his enthusiasm about the platform’s potential, stating,

“Re.al is merging sophisticated blockchain technology with practical web services. This fusion is poised to accelerate the adoption of real-world asset apps and could significantly transform the blockchain landscape.”

Re.al is collaborating with Gelato RaaS and other partners, such as LayerZero and RedStone Oracles, to enhance the capabilities and reach of its app ecosystem. These partnerships aim to boost the platform’s functionality and secure a broader impact within the blockchain community.

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