RACE Launches First Layer 2 Blockchain Purpose-Built for RWA Tokenization
RACE, a pioneering full-stack modular blockchain infrastructure platform, just announced the mainnet launch of its Ethereum Layer 2 (L2) blockchain, specifically designed for tokenizing and distributing real-world assets (RWAs). Built on Optimism’s OP Stack, a leading Ethereum scaling solution, RACE’s new blockchain has joined Optimism’s Superchain, alongside OP Mainnet and Base. This integration promises enhanced asset interoperability, speed, and safety for its users.
RACE’s Layer 2 blockchain protocol represents a significant milestone in the company’s mission to create a global, decentralized marketplace for tokenized RWAs using its ATB Layer (Asset To Blockchain Layer). The protocol will tokenize a wide range of assets including trade finance, private debt, private equity, real estate, commodities, art, and luxury collectibles.
By leveraging Optimism’s Layer 2 technology, RACE offers near-instant transaction finality and significantly reduced fees compared to Ethereum mainnet transactions, all while maintaining high security standards. This efficiency supports a thriving global marketplace accessible to investors worldwide. Furthermore, RACE’s participation in the Superchain ensures benefits from shared governance, scalability, and interoperability, translating to cost reductions and enhanced transaction speed and safety for users.
“The launch of our L2 mainnet is a significant step forward in our journey to revolutionize how RWAs are owned, traded, and managed on a global scale,” said Miguel Buffara, Core Contributor and Lead Finance Engineer at RACE. “By leveraging the shared security and scalability granted by the Superchain, we’re able to truly focus on enhancing our infrastructure and provide investors with seamless access to a diverse range of tokenized assets through our ATB Layer, in a compliant and trusted environment for asset owners, issuers, and liquidity providers.”
RACE’s tokenized assets will benefit from exposure to Optimism’s growing ecosystem of decentralized applications, exchanges, and liquidity pools. This connectivity facilitates seamless cross-chain trading and enhances liquidity for tokenized assets, creating a more dynamic market. Additionally, projects and developers building on RACE’s infrastructure can utilize Optimism’s suite of tools, SDKs, and documentation to accelerate the development of new applications and services within the RACE ecosystem.
“We’re thrilled to welcome RACE to the Superchain in tandem with its L2 mainnet launch, a testament to our support for RACE as it sets to unlock access to tokenized assets for community members globally,” said Mark Gerhart, Ecosystem Partnerships Lead at Optimism. “RACE’s approach to creating a decentralized and compliant infrastructure environment, in which participants with varying degrees of familiarity with tokenized assets can easily propose, buy, or sell assets, is much needed in this next era of web3 development.”
RACE is dedicated to establishing a secure and transparent ecosystem for digital asset management, employing stringent security protocols, risk mitigation strategies, and an innovative Decentralized Investment Committee (DIC) composed of legal, financial, and industry experts. This committee ensures the integrity of the tokenization process, enhances platform trustworthiness, and maintains Know Your Customer (KYC) and compliance practices.
“As pioneers of DIC-based decentralized due diligence, we see our mainnet launch as an opportunity to set a new standard for trust and transparency in the tokenized asset space,” said Krisanth Sivarajh, Core Contributor and Director of Project Management at RACE. “We look forward to welcoming investors and asset owners to experience the next generation of borderless, frictionless investing on RACE.”
The mainnet launch follows a successful $5 million funding round and L2 testnet phase completed in 2024, along with recent partnerships with Bridge.xyz and DFNS, enabling RACE to provide lower transaction costs and ‘keyless’ password-based wallets for a more seamless user experience.
ABOUT RACE
RACE is a full-stack, EVM-compatible modular Layer 2 protocol, designed to serve as the first truly global tokenized infrastructure and decentralized Real World Asset (RWA) marketplace. Governed by its users and decentralized investment committee members, the platform integrates financially savvy non-crypto-native investors. RACE builds everything from interoperable non-custodial wallets to decentralized investment committees into its infrastructure. Vetted assets, from trade finance and private credit to real estate and fine art, can be tokenized by owners and sponsors, digitized through its ATB layer, and endowed with financial instrument properties, making them accessible to global investors.
Image by Sumner Mahaffey from Unsplash
Read other stories: Citi Launches Integrated Digital Assets Platform to Drive Financial Innovation
You Might also Like
Sponsors
Related Stories
