As a seasoned researcher with years of experience in the fintech and blockchain space, I find the collaboration between Xalts and Polygon Labs to be a game-changer. This partnership is not just another alliance in the industry; it’s a strategic move that could potentially revolutionize the way enterprises adopt and utilize blockchain technology.
Financial technology company Xalts makes its Real World Asset Tokenization platform, known as RWA Cloud, accessible on the Polygon blockchain network. This move is aimed at developers who are interested in creating their own digital asset platforms.
In a press release dated October 8th, the financial technology firm Xalts introduces RWA Cloud, a novel platform designed to aid developers in creating digital asset platforms. These platforms are intended for the integration of blockchain, tokenization, and smart contracts, catering to a variety of applications.
Incorporating Polygon within Xalts’ RWA Cloud system enables developers to launch and create blockchain apps utilizing the Polygon blockchain infrastructure.
In simpler terms, utilizing RWA Cloud allows developers to overcome typical hurdles associated with integrating blockchain technology, such as intricate regulations, workflows, procedures, and ensuring users comply with both internal policies and external regulations.
In a clear and conversational manner, Colin Butler, the Global Head of Institutional Capital at Polygon Labs, expressed his excitement about collaborating with Xalts to provide financial institutions and tech firms with “ready-to-use” or “easily integratable” solutions.
According to Butler, connecting Polygon with Xalts RWA Cloud is expected to accelerate the acceptance of blockchain and RWA Tokenization applications within enterprises.
In addition to introducing RWA Cloud, Xalts and Polygon Labs will collaborate on several institutional services beyond that. These services encompass applications for trade and supply chain finance, treasury management, and the integration of cryptocurrencies.
In simpler terms, Supreet Kaur, the Chief Operating Officer at Xalts, shared that their goal is to encourage partnerships with companies using blockchain technology. This collaboration aims to facilitate a smoother transition to blockchain systems for businesses.
“We look forward to accelerating the adoption of RWA tokenization by enterprises,” said Kaur.
More recently, Xalts and Polygon Labs have partnered with the Qatar Financial Centre Authority’s Digital Assets Lab for the purpose of exploring and commercializing Real-World Asset (RWA) tokenization applications.
As an analyst, I’d rephrase it like this: I work with Xalts, a tech-savvy fintech company that specializes in developing enterprise-level technology solutions. We achieve this by offering services and businesses that seamlessly integrate cutting-edge technologies such as APIs, Blockchains, and Orchestration layers. Our goal is to automate intricate workflows and streamline processes for optimal efficiency.
Xalts offers platforms like the RWA Cloud solution, empowering major entities such as banks and governments to construct intricate solutions leveraging blockchain technology.
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2024-10-08 13:16