According to reports from Bloomingbit, Rialo is actively discussing proof of concept projects with several Korean financial institutions as they explore expanding financial services onchain. As reported by crypto.news, Bobby Zagotta, chief business officer at Rialo, noted that Korean financial institutions have a strong willingness to expand into onchain services, and the discussions are intended to test how Rialo could fit into institutional applications before Korean companies expand further into crypto related businesses. According to the latest interview with Bloomingbit, the goal is to build Rialo's presence and reputation so that when conditions allow Korean institutions to expand seriously into crypto businesses, they will choose Rialo as their blockchain partner.
As reported by Bloomingbit, Rialo is building institutional infrastructure with external API connectivity, interoperability and privacy tools designed to work with existing financial systems. According to crypto.news, the network sees RWA lending and AI agents as potential use cases, including cross network collateral and programmable controls over AI agent transactions. The infrastructure centers on Rialo Edge, which brings data from external APIs into blockchain applications, paired with IPC, the identity and privacy system, allowing applications to use information without publishing underlying data onchain. Zagotta explained to Bloomingbit that a financial institution could use Rialo to determine whether a customer qualifies for a loan without exposing credit data stored in external systems on-chain, and could also check sanctions status, jurisdiction and even assets held off-chain when evaluating the loan.
According to crypto.news, Subzero Labs is developing Latch for AI agents, designed to control what an AI agent can do when it carries out transactions on a user's behalf. Zagotta explained that permissions can cover the parties an agent is allowed to transact with, the amount it can spend and the period during which its authority remains active. Permissions can be programmed to expire after a specified period, limiting an agent's ability to continue acting once its approved window has ended. As reported by Bloomingbit, this system allows institutions to maintain control over AI agent functionality while leveraging blockchain technology for enhanced operational efficiency.
As reported by Bloomingbit, Rialo is building real-world use cases with Cboe, including market data integration, and has spent months developing applications with multiple institutions beyond Cboe. According to crypto.news, the team already has a specific idea for the role a Rialo token could eventually serve, but wants to establish working applications and business activity before announcing its token plans. Zagotta noted to Bloomingbit that unlike many blockchains that issue a token first and build the ecosystem later, Rialo plans to secure real-world use cases and business results before moving ahead. The company plans to disclose its token launch roadmap after confirming the growth potential of its business model.
According to crypto.news, Rialo was introduced by Subzero Labs in August 2025 after the company raised $20 million in funding led by Pantera Capital. The funding round included participation from HashKey, Coinbase Ventures, Mysten Labs and Variant. As reported by Bloomingbit, Rialo was designed around native web connectivity and event driven transactions, seeking to reduce the dependence of blockchain applications on separate bridges, oracles and other middleware. Zagotta, who joined Subzero Labs after serving as an adviser for 10 months, noted that most blockchains remain too complicated for institutions to use in their day-to-day operations, and Rialo's goal is to build a blockchain that institutions can adopt through familiar workflows rather than forcing them to understand and adapt to blockchain mechanics.
