Blockchain

Xalts accelerates Real World Asset tokenization adoption by Financial Institutions

Published

2 months ago

September 17, 2024

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.

Blockchain

Trident Reports First Half 2024 Unaudited Financial Results

Published

38 minutes ago

November 22, 2024

GlobeNewswire

Blockchain

CoreNest Capital, Sologenic’s VC partner, invests in Texture, a U.S.-based broker-dealer, to launch SoloTex, a new platform for trading tokenized equities

Published

5 hours ago

November 22, 2024

GlobeNewswire

Sologenic + Texture = SoloTexAs a result of a strategic partnership between the Sologenic Development Foundation and Texture Capital Inc., a FINRA—and SEC-licensed broker-dealer, SoloTex aims to be the ultimate gateway to tokenizing and trading capital markets on demand.This innovative approach leverages tokenization to introduce features like enhanced liquidity, fractional ownership, and quicker settlement processes, offering a more efficient way to manage and exchange assets.Join the waitlist at SoloTex.com to learn more.

Blockchain

Bybit Strengthens Partnerships and Explores Islamic Finance Innovation at Exclusive Forum

Published

11 hours ago

November 22, 2024

GlobeNewswire

bybit-strengthens-partnerships-and-explores-islamic-finance-innovation-at-exclusive-forum

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