Connect with us
Prague Gaming & TECH Summit 2025 (25-26 March)

Blockchain

Xalts accelerates Real World Asset tokenization adoption by Financial Institutions

Published

2 months ago

on

xalts-accelerates-real-world-asset-tokenization-adoption-by-financial-institutions

Xalts today announced a deeper collaboration with Avalanche to bring more enterprise-grade real world asset tokenization solutions for institutions. This will provide 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 such as the tokenization of funds, securities, commodities and trade finance assets, digital currencies, and CDBCs.
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.
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.
With this collaboration, financial institutions can deploy custom blockchain networks that meet specific financial requirements and comply with local regulations using Avalanche’s L1 technology, orchestrate and automate their on-chain processes, tokenize digital assets and liabilities on the blockchain via smart workflows using Xalts’ RWA Cloud.
“Our collaboration with Xalts enables us to jointly offer RWA tokenization technology infrastructure and solutions to financial services institutions, including banks, asset managers, and fintechs alike”, said Morgan Krupetsky, Head of Institutions & Capital Markets at Ava Labs.
Xalts has recently joined the Qatar Financial Centre (QFC) Authority Digital Assets Lab to test and commercialize use cases in real-world asset tokenization. The collaboration comes at a time when global regulators have launched tokenization use cases, including the Hong Kong Monetary Authority (HKMA) which launched Project Ensemble in Mar 2024, a wholesale central bank digital currency (wCBDC) pilot with the aim to ultimately create an interoperable platform, Monetary Authority of Singapore (MAS) launching Project Guardian – a multi-year initiative for asset tokenization, and Qatar Financial Centre (QFC) introducing the QFC Digital Assets Framework.
“We are very excited to partner with Avalanche. This will make the development of blockchain and smart contract solutions much more accessible and accelerate enterprise use cases”, said Ashutosh Goel, Chief Executive Officer, Xalts.
“We have an exciting roadmap ahead of us with Xalts as we jointly enable financial institutions across markets in their RWA tokenization journey!”, said Devika Mittal, Regional Head at Ava Labs.

The post Xalts accelerates Real World Asset tokenization adoption by Financial Institutions appeared first on HIPTHER Alerts.

Related Topics:
Continue Reading
Advertisement

Blockchain

Oxbridge Re Reports Update on its RWA Tokenized Security, its Business and Third Quarter 2024 Results

Published

6 hours ago

on

November 13, 2024

By

oxbridge-re-reports-update-on-its-rwa-tokenized-security,-its-business-and-third-quarter-2024-results

Holds a reinsurance license and is regulated by the Cayman Islands Monetary Authority (CIMA).

Continue Reading

Blockchain

SILEGX Exchange: The Rise of a Fintech Innovator

Published

14 hours ago

on

November 13, 2024

By

silegx-exchange:-the-rise-of-a-fintech-innovator

SILEGX Exchange

Continue Reading

Blockchain

LAUD Announces Data-Driven Marketing Solutions to Empower Fintech Companies

Published

1 day ago

on

November 12, 2024

By

laud-announces-data-driven-marketing-solutions-to-empower-fintech-companies
Continue Reading
Advertisement
title=
Advertisement

Latest News

Recent Listings

  • Global Payout, Inc.

    Since the Company’s inception in 2009, Global Payout, Inc. has been a leading provider of compreh...

  • MTrac Tech Corp.

    MTrac Tech Corporation, a Nevada Corporation, is a privately held, wholly owned subsidiary of Glo...

  • Net1

    Net1 is a leading provider of transaction processing services, financial inclusion products ...

  • uBUCK Technologies SEZC

    Based in Georgetown, Cayman Islands, uBUCK Tech is a fintech enterprise that specializes in digit...

  • LiteLink Technologies Inc.

      LiteLink is a major player in developing world-class enterprise platforms that utilize ar...

  • Good Gamer Corp.

      Good Gamer Corp. is a privately-held technology company focusing on gamers and streamers....

  • BitPay

      Founded in 2011, BitPay pioneered blockchain payment processing with the mission of trans...

  • About Net1

      Net1 is a leading provider of transaction processing services, financial inclusion produc...

  • Blockchain Foundry Inc.

    Headquartered in Toronto, Canada, Blockchain Foundry (CSE:BCFN)(FWB:8BF)(OTC:BLFDF) is a global b...

  • Sixgill

    Sixgill provides a full suite of universal data automation and authenticity products and services...

Trending on TBE