Fintech innovation continues to thrive, and Xalts is making strides with the launch of its new RWA tokenization platform, RWA Cloud, on the Polygon Network. This development is set to empower developers in the digital asset space by facilitating the creation of comprehensive blockchain-based solutions.
Xalts’ RWA Cloud on Polygon
Xalts, a forward-thinking financial technology company, officially introduced its RWA Cloud platform, significantly expanding the capabilities for developers focused on real-world asset (RWA) tokenization. Announced via a press release on October 8, this new platform operates on the Polygon blockchain network, renowned for its efficiency and scalability.
Empowering Developers
The RWA Cloud is designed to enhance developers’ ability to effectively address prevalent challenges in blockchain technology implementation. These challenges often include intricate rules, complex workflows, and compliance with both internal and regulatory governance. By leveraging the Polygon infrastructure, developers can streamline the deployment of blockchain applications and integrate smart contract functionalities with ease.
Strategic Collaboration with Polygon Labs
Colin Butler, the Global Head of Institutional Capital at Polygon Labs, expressed enthusiasm for the collaboration, indicating that the integration of Polygon with Xalts’ RWA Cloud platform will significantly accelerate enterprise adoption of blockchain and RWA tokenization applications. This partnership aims to equip financial institutions and fintech companies with user-friendly “plug and play” solutions.
Beyond the RWA Cloud launch, Xalts is also collaborating with Polygon Labs to develop a suite of institutional services. These include applications specifically designed for trade and supply chain finance, treasury management, and the broader adoption of cryptocurrency within enterprises.
Commitment to Seamless Transition
Supreet Kaur, Chief Operating Officer at Xalts, emphasized the company’s goal of forming collaborative relationships with blockchain partners to facilitate smoother transitions for enterprises adopting blockchain technology. Kaur stated, “We look forward to accelerating the adoption of RWA tokenization by enterprises,” highlighting a commitment to fostering innovation and adoption in the financial sector.
Recent Developments and Collaborations
Recently, Xalts and Polygon Labs joined forces with the Qatar Financial Centre Authority Digital Assets Lab. This collaboration is aimed at testing and commercializing various use cases in the realm of RWA tokenization, signifying a substantial commitment to improving financial services through blockchain technology.
Xalts continues to position itself as a key player in fintech by offering advanced technology solutions that integrate APIs, blockchain, and orchestration layers to automate complex workflows for large institutions, including government bodies.
As the digital landscape evolves, the emergence of platforms like RWA Cloud marks a critical step towards mainstream adoption of tokenized assets, bridging the gap between traditional finance and the transformative potential of blockchain technology.
