Xalts onboards Polygon on its enterprise grade RWA tokenization platform for financial institutions
2024年10月8日 - 2:00PM
Xalts today announced a deeper collaboration to bring its
enterprise-grade real world asset tokenization platform, RWA Cloud,
to the Polygon blockchain network. RWA Cloud provides
out-of-the-box solutions to enable financial services, governments,
and other enterprise developers looking to build digital asset
platforms for implementing blockchain, tokenization, and smart
contract applications for different use cases.
Xalts works with financial services and businesses to provide
connectivity by leveraging a modern technology stack, including
APIs, Blockchains, and Orchestration layers. Its product suite
includes solutions such as the RWA Cloud platform, which enables
large institutions such as financial services and governments to
quickly build complex solutions on blockchains.
By integrating Polygon within Xalts’ RWA Cloud platform,
enterprise application developers will be able to deploy and build
blockchain applications quickly and at a very low cost using
Polygon. Xalts will further partner with the Polygon Labs team on a
host of institutional applications, including those around trade
and supply chain finance, treasury management, and digital currency
adoption.
Xalts’ RWA Cloud addresses challenges enterprises and regulators
face while implementing blockchain, such as retaining complex
rules, workflows, processes, and user compliances mandated by
internal or regulatory governance. Enterprises can manage process
complexity associated with events like issuance, servicing, or
transfers by leveraging RWA Cloud’s Smart Workflow Core, an
orchestration layer that connects with smart contract libraries and
multiple off-chain systems.
“We are very excited to onboard Polygon. Deeper collaboration
and integrations with blockchain partners enables regulated
financial institutions to build their enterprise use cases in a
seamless way. We look forward to accelerating the adoption of RWA
tokenization by enterprises.”, said Supreet Kaur, Chief
Operating Officer, Xalts.
This year has marked a significant step forward in the
advancement of tokenization in real-world application within the
financial sector with regulators such as Hong Kong Monetary
Authority (HKMA) Project Ensemble for asset tokenization and
Monetary Authority of Singapore (MAS) expanding the Project
Guardian and Global Layer One (GL1) initiatives.
“Integrating Polygon with Xalts RWA Cloud will speed up the
enterprise adoption of blockchain & RWA Tokenization use cases.
We look forward to working closely with the Xalts team to enable
financial institutions and fintechs with a plug and play solution”,
said Colin Butler, Global Head of Institutional Capital at
Polygon Labs.
Ends
About XaltsXalts is a financial technology firm providing
enterprise grade, real time connectivity between financial services
& businesses by leveraging modern technology stack including
APIs, Blockchains & Orchestration layers to automate complex
workflows. Xalts is backed by Accel and Citi Ventures and has a
presence in Singapore, Hong Kong, India, UAE and UK. To learn more
about Xalts, visit https://xalts.io/
For further information please contact the Xalts press office: Bilal Mahmood on bilal@stockwoodstrategy.com or +44 (0) 771 400 7257