Overview of RWA Cloud
In a press release dated October 8, Xalts detailed how their RWA Cloud platform can assist developers in implementing blockchain, tokenization, and smart contract applications across various use cases. By integrating with the Polygon network, developers gain access to a robust environment for deploying blockchain applications.
Addressing Common Blockchain Challenges
RWA Cloud empowers developers to overcome several challenges associated with blockchain technology, including:
- Complex rules and workflows
- Process automation
- User compliance with internal regulations and governance
Colin Butler, Global Head of Institutional Capital at Polygon Labs, expressed enthusiasm about collaborating with Xalts, stating that this integration will facilitate the enterprise adoption of blockchain and RWA tokenization.
“Integrating Polygon with Xalts RWA Cloud will speed up the enterprise adoption of blockchain & RWA Tokenization use cases,” said Butler.
Collaborative Institutional Services
In addition to launching RWA Cloud, Xalts and Polygon Labs plan to collaborate on various institutional services, including:
- Trade and supply chain finance applications
- Treasury management solutions
- Cryptocurrency adoption strategies
Supreet Kaur, Chief Operating Officer of Xalts, emphasized the company’s commitment to fostering partnerships with blockchain entities to streamline the transition to blockchain technology for enterprises.
“We look forward to accelerating the adoption of RWA tokenization by enterprises,” said Kaur.
Recent Initiatives and Collaborations
Recently, Xalts and Polygon Labs joined the Qatar Financial Centre Authority Digital Assets Lab to explore and commercialize use cases in RWA tokenization. This collaboration underscores their dedication to advancing digital asset solutions in the financial sector.
Xalts’ Technological Solutions
Xalts is a fintech company that delivers technology solutions at the enterprise level, integrating modern technologies such as APIs, blockchains, and orchestration layers to automate complex workflows. Their products include:
- RWA Cloud platform for large institutions
- Advanced blockchain solutions for financial services and government agencies
This launch marks a significant step in facilitating blockchain integration and enhancing the capabilities of developers in the financial technology space.
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