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Fintech firm Xalts brings its real world asset tokenization platform, RWA Cloud, to the Polygon blockchain network for developers looking to build digital asset platforms.
In an Oct. 8 press release, financial technology company Xalts describes their RWA tokenization platform, RWA Cloud, as a new solution that can help developers build digital asset platforms for implementing blockchain, tokenization, and smart contract applications for different uses.
By integrating Polygon (polygon) into Xalts’ RWA Cloud platform, developers will be able to deploy and build blockchain applications using the Polygon blockchain network.
RWA Cloud grants developers the ability to tackle common challenges faced when implementing blockchain technology, including complex rules, workflows, processes, and user compliances in accordance with internal or regulatory governance.
Global Head of Institutional Capital at Polygon Labs Colin Butler stated that he is looking forward to working closely with Xalts in equipping financial companies and fintechs with “plug and play solutions”.
“Integrating Polygon with Xalts RWA Cloud will speed up the enterprise adoption of blockchain & RWA Tokenization use cases,” said Butler.
Aside from launching RWA Cloud, Xalts and Polygon Labs will also team up for a number of institutional services, including applications relate to trade and supply chain finance, treasury management and the adoption of cryptocurrency.
Chief Operating Officer of Xalts Supreet Kaur stated that Xalts aims to foster collaborations with blockchain partners in an effort to make the transition to blockchains more seamless for enterprises.
“We look forward to accelerating the adoption of RWA tokenization by enterprises,” said Kaur.
Recently, Xalts and Polygon Labs joined the Qatar Financial Centre Authority Digital Assets Lab to test and commercialize use cases in RWA tokenization.
Xalts is a fintech company that provides technology solutions at the enterprise level through services and businesses integrating modern technology including APIs, Blockchains & Orchestration layers to automate complex workflows.
Xalts products include solutions such as the RWA Cloud platform, which enables large institutions, such as financial services and governments, to build complex solutions using blockchains.