Fintech company Xalts is bringing its true asset tokenization platform, RWA Cloud, to the Polygon blockchain network for developers looking to build digital asset platforms.
In an October 8 press release, financial technology company
By integrating Polygon (polygon) into Xalts’ RWA Cloud platform, developers can deploy and build blockchain applications using the Polygon blockchain network.
RWA Cloud empowers developers to address common challenges they face when implementing blockchain technology, including complex rules, workflows, processes and user compliances in accordance with internal or regulatory governance.
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Global Head of Institutional Capital at Polygon Labs Colin Butler stated that he looks forward to working closely with Xalts in equipping financial companies and fintechs with “plug and play solutions”.
“Polygon’s integration with Xalt’s RWA Cloud will accelerate enterprise adoption of blockchain and RWA tokenization use cases,” said Butler.
In addition to the launch of RWA Cloud, Xalts and Polygon Labs will also collaborate on a number of institutional services, including applications related to trade and supply chain finance, treasury management and cryptocurrency adoption.
Chief Operating Officer of Xalts Supreet Kaur stated that Xalts aims to promote collaboration with blockchain partners in an effort to make the transition to blockchains for enterprises more seamless.
“We look forward to accelerating enterprise adoption of RWA tokenization,” said Kaur.
Recently, Xalts and Polygon Labs joined the Qatar Financial Center Authority Digital Assets Lab to test and commercialize use cases in RWA tokenization.
Xalts is a fintech company that delivers enterprise-level technology solutions through services and companies that integrate modern technology including APIs, Blockchains and orchestration layers to automate complex workflows.
Xalts’ products include solutions such as the RWA Cloud platform, which allows large institutions, such as financial services and governments, to build complex solutions using blockchains.
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