Xalts launches new RWA tokenization platform on the Polygon Network

Fintech firm Xalts is bringing 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 described its RWA tokenization platform RWA Cloud as a new solution that can help developers create digital asset platforms to implement 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 provides developers with the ability to overcome common challenges when implementing blockchain technology, including complex rules, workflows, processes, and user compliances with internal or regulatory governance.

Polygon Labs Global Head of Institutional Equity Colin Butler said he looks forward to working closely with Xalts to equip financial companies and fintechs with “plug-and-play solutions.”

“Integrating Polygon with Xalts RWA Cloud will accelerate enterprise adoption of blockchain and RWA Tokenization use cases,” said Butler.

In addition to launching RWA Cloud, Xalts and Polygon Labs will also team up for a range of enterprise services, including applications for trade and supply chain finance, treasury management and cryptocurrency adoption.

Xalts Chief Operating Officer Supreet Kaur stated that Xalts aims to develop collaborations with blockchain partners to make the transition to blockchains more seamless for businesses.

“We look forward to accelerating the adoption of RWA tokenization by businesses,” Kaur said.

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 provides enterprise-level technology solutions through services and businesses 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.