Fintech firm Xalts has launched its real-world asset tokenization platform, RWA Cloud, on the Polygon blockchain, enabling developers to create digital asset platforms. This integration aims to simplify blockchain implementation by addressing common challenges related to complex rules, workflows, and compliance.

Colin Butler, Global Head of Institutional Capital at Polygon Labs, expressed enthusiasm for the partnership, noting it will accelerate enterprise adoption of blockchain and RWA tokenization. Xalts also plans to collaborate with Polygon Labs on institutional services related to trade and supply chain finance, treasury management, and cryptocurrency adoption.

Supreet Kaur, COO of Xalts, highlighted the company’s commitment to fostering collaborations that streamline the transition to blockchain technology for enterprises. Recently, Xalts and Polygon Labs joined the Qatar Financial Centre Authority’s Digital Assets Lab to explore RWA tokenization use cases.

Xalts focuses on providing enterprise-level technology solutions, including APIs and orchestration layers, to help large institutions build complex blockchain-based solutions.

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Source: crypto.news