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Home»Blockchain»Xalts Partners with Tezos to Drive Real-World Asset Tokenization
Blockchain

Xalts Partners with Tezos to Drive Real-World Asset Tokenization

NBTCBy NBTC06/09/2024No Comments3 Mins Read
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In a major step forward for the tokenization of real-world assets (RWA), Xalts has teamed up with the Tezos Foundation to simplify and accelerate blockchain application development for enterprises. This collaboration integrates Xalts’ RWA Cloud with Tezos’ Layer 2 solution, Etherlink, creating a fast, low-cost pathway for institutions, governments, and financial services to tokenize everything from funds and commodities to digital currencies.

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A Seamless Solution for Enterprise Blockchain Adoption

The Xalts-Tezos partnership is designed to lower the barriers for large institutions looking to adopt blockchain technology. Xalts’ RWA Cloud, an enterprise application platform, now supports Etherlink—a non-custodial Layer 2 blockchain powered by Tezos. With this integration, developers can quickly build and deploy blockchain-based solutions at a fraction of the cost traditionally associated with such technologies.

Xalts’ platform is tailored to meet the growing demand for blockchain in finance, trade, and even government. By leveraging Tezos’ robust, energy-efficient blockchain infrastructure, Xalts offers out-of-the-box solutions for enterprises to tokenize assets like funds, securities, and commodities. The collaboration aims to accelerate blockchain adoption by streamlining development and deployment.
“This partnership will make blockchain and smart contract solutions far more accessible to enterprise developers. We’re excited to work with Tezos to drive the future of tokenization.”

Ashutosh Goel, CEO of Xalts
Tezos’ Layer 2 Innovation: Etherlink

Etherlink, Tezos’ high-speed, non-custodial Layer 2 solution, plays a central role in this collaboration. It offers lightning-fast transaction times and minimal costs, ideal for high-volume applications like asset tokenization. As institutions increasingly explore blockchain for asset management, Tezos’ focus on security, scalability, and sustainability makes it a leading choice for enterprise-grade solutions.

“Tezos and Xalts will jointly enable faster adoption of blockchain and tokenization by reducing development time and costs,” said Siddharth Singhal, Head of Business Development at Trilitech, Tezos’ R&D Hub.

Timing with Global Regulatory Moves

This announcement comes as regulators around the world, such as the Hong Kong Monetary Authority (HKMA) and the Monetary Authority of Singapore (MAS), are advancing blockchain initiatives. With tokenization projects like wCBDCs and asset-backed token platforms gaining momentum, the Xalts-Tezos partnership is poised to lead the next wave of institutional blockchain adoption.

As enterprises and regulators seek scalable and secure blockchain solutions, Xalts and Tezos are ready to deliver. Catch them at TOKEN2049!

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About Xalts

Xalts is a financial technology firm that enables real-time connectivity between businesses through cutting-edge technology, including APIs, blockchains, and orchestration layers. Backed by Accel and Citi Ventures, Xalts operates in Singapore, Hong Kong, India, the UAE, and the UK. Learn more at Xalts.io.

About Tezos

Tezos is an open-source, energy-efficient blockchain trusted by institutions worldwide. With a focus on security, scalability, and seamless upgrades, Tezos is designed for the deployment of secure digital assets and applications. Visit Tezos.com to learn more.

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