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Home»Blockchain»Xalts partners with Tezos to drive tokenization of real-world assets
Blockchain

Xalts partners with Tezos to drive tokenization of real-world assets

2024-09-06No Comments3 Mins Read
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In a major step forward for the tokenization of real-world assets (RWA), Xalts has collaborated with the Tezos Foundation to simplify and accelerate the development of enterprise blockchain applications. This partnership integrates Xalts’ RWA Cloud with Tezos’ Layer 2 solution, Etherlink, creating a fast, low-cost path for institutions, governments and financial services to tokenize everything from funds and commodities to digital currencies.

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A seamless solution for enterprise blockchain adoption

The Xalts-Tezos partnership aims to lower the barriers for large institutions looking to adopt blockchain technology. Xalts’ RWA Cloud, an enterprise application platform, now supports Etherlink, a non-custodial Layer 2 blockchain powered by Tezos. This integration allows developers to quickly build and deploy blockchain-based solutions at a fraction of the costs traditionally associated with such technologies.

Xalts’ platform is tailored to the growing demand for blockchain in the financial sector, commerce and even government. Leveraging Tezos’ robust, energy-efficient blockchain infrastructure, Xalts provides turnkey solutions for businesses to tokenize assets such as funds, securities and commodities. The collaboration aims to accelerate blockchain adoption by streamlining development and implementation.
“This collaboration will make blockchain and smart contract solutions much more accessible to business developers. We are excited to work with Tezos to drive the future of tokenization.”

Ashutosh Goel, CEO of Xalts
Tezos’ Layer 2 innovation: Etherlink

Etherlink, Tezos’ fast, non-custodial Layer 2 solution, plays a central role in this collaboration. It offers lightning-fast transaction times and minimal fees, ideal for large-scale applications such as asset tokenization. As institutions increasingly explore blockchain for asset management, Tezos’ focus on security, scalability and sustainability makes it a leading choice for enterprise-level solutions.

See also  Trader Who Hit Bitcoin's 2018 Bottom Predicts Ethereum, Solana Rallies, Says It's Time for Risky Assets

“Tezos and Xalts will jointly enable faster adoption of blockchain and tokenization by reducing development time and costs,” said Siddharth Singhal, Head of Business Development at Trilitech, the R&D Hub of Tezos.

Timing with global regulations

This announcement comes as regulators around the world, such as the Hong Kong Monetary Authority (HKMA) and the Monetary Authority of Singapore (MAS), are promoting blockchain initiatives. As tokenization projects such as wCBDCs and asset-backed token platforms gain momentum, the Xalts-Tezos partnership is poised to lead the next wave of institutional blockchain adoption.

As companies and regulators look for scalable and secure blockchain solutions, Xalts and Tezos are ready to deliver. Catch them on TOKEN2049!

—

About Xalts

Xalts is a financial technology company that enables real-time connectivity between businesses through cutting-edge technology including APIs, blockchains and orchestration layers. Backed by Accel and Citi Ventures, Xalts operates in Singapore, Hong Kong, India, UAE and the UK. Learn more at Xalts.io.

About Tezos

Tezos is an open-source, energy-efficient blockchain that is trusted by institutions around the world. With a focus on security, scalability and seamless upgrades, Tezos is designed for the deployment of secure digital assets and applications. Visit Tezos.com for more information.

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Assets drive Partners realworld Tezos Tokenization Xalts
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