Xalts has announced the launch of its real-world asset tokenization platform, RWA Cloud, on the Polygon blockchain. The platform is designed to provide a comprehensive solution for managing blockchain processes, including regulatory compliance.

Launch of RWA Cloud

Xalts stated that the launch on Polygon will allow developers to build and deploy their applications quickly and cost-effectively. The platform promises to streamline and automate complex workflows, enabling companies and developers to focus on their products.

Collaboration remarks

Colin Butler, Global Head of Institutional Capital at Polygon Labs, noted that the partnership with Xalts will provide financial companies and fintechs with plug-and-play solutions, facilitating the rapid integration of blockchain technologies and real-world asset tokenization.

Other initiatives and competitors

Xalts and Polygon Labs also plan to collaborate on developing institutional services for trade, treasury management, and cryptocurrency adoption. Meanwhile, another fintech company, Fasset, recently launched its RWA platform, IOWN, aimed at democratizing access to various asset classes in emerging markets.

The launch of RWA Cloud highlights the ongoing integration of blockchain technologies in finance, providing enterprises with tools for effective asset management and integration of innovative approaches.