In a press release published on October 8, 2024, Xalts stated that RWA Cloud can help develop blockchain, tokenization and smart contract applications.

RWA Cloud enables developers to overcome common challenges when implementing blockchain technology. These challenges include user requirements that comply with complex rules, workflows, processes, and internal or regulatory governance.

Polygon’s integration with Xalts RWA Cloud will accelerate enterprise adoption of blockchain and RWA tokenization use cases, said Colin Butler, Global Head of Institutional Equity at Polygon Labs.

Butler said, “Integrating Polygon with

Xalts and Polygon Labs will not only be limited to the launch of RWA Cloud, but will also collaborate on various enterprise services related to trade and supply chain finance, treasury management, and cryptocurrency adoption.

Xalts’ Operations Manager Supreet Kaur emphasized that the company aims to make the transition of businesses to blockchain more seamless by collaborating with blockchain partners.

“We look forward to accelerating the adoption of RWA tokenization by businesses,” Kaur said. Xalts’ strategies aim to provide convenience to businesses while also contributing to innovative solutions in the industry.

Recently, Xalts and Polygon Labs collaborated to test and commercialize use cases for RWA tokenization by joining the Qatar Financial Center Authority Digital Asset Lab. This collaboration shows that both Xalts and Polygon aim to contribute to the digital asset ecosystem in the region.

Xalts was founded in 2019 by William Reeves, Matthew Luongo and Corbin Pon and has since made significant strides in providing innovative solutions in the financial services field.

The company raised $20.2 million from 28 investors and currently works with more than 1,000 institutions. The RWA Cloud platform enables large institutions such as financial services and governments to develop complex solutions using blockchains.

The services offered by Xalts combine with advanced APIs, blockchain solutions and orchestration layers to help automate complex workflows. Xalts aims to bridge the gap between technology and financial services and enable businesses to operate more efficiently.

This collaboration between Xalts and Polygon is considered an important step in the digital asset ecosystem.

With the advantages and collaboration that RWA Cloud will offer, Xalts aims to accelerate the adoption of blockchain technology and provide innovative solutions at the enterprise level.

These steps can help shape the future potential of digital assets.