In a groundbreaking development for the tokenization of real-world assets (RWA), Xalts has partnered with the Tezos Foundation to simplify and expedite blockchain application development for businesses. This collaboration merges Xalts’ RWA Cloud with Tezos’ Layer 2 solution, Etherlink, establishing a rapid and cost-effective pathway for institutions, governments, and financial services to tokenize various assets such as funds, commodities, and digital currencies.
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A Seamless Solution for Enterprise Blockchain Adoption
The Xalts-Tezos alliance aims to reduce the barriers for large institutions interested in adopting blockchain technology. Xalts’ RWA Cloud, an enterprise application platform, now integrates with Etherlink—a non-custodial Layer 2 blockchain powered by Tezos. This integration enables developers to swiftly create and deploy blockchain-based solutions at a fraction of the usual cost associated with such technologies.
Xalts’ platform caters to the increasing demand for blockchain in finance, trade, and government sectors. By leveraging Tezos’ robust and energy-efficient blockchain infrastructure, Xalts provides ready-made solutions for enterprises to tokenize assets like funds, securities, and commodities. The partnership is geared towards accelerating blockchain adoption by simplifying development and deployment processes.
“This collaboration will make blockchain and smart contract solutions more accessible to enterprise developers. We are thrilled to collaborate with Tezos in shaping 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 pivotal role in this partnership. It offers rapid transaction times and minimal costs, making it ideal for high-volume applications like asset tokenization. As institutions increasingly explore blockchain for asset management, Tezos’ emphasis on security, scalability, and sustainability positions it as a top choice for enterprise-grade solutions.
“Tezos and Xalts will collaboratively drive faster blockchain and tokenization adoption by reducing development time and costs,” stated Siddharth Singhal, Head of Business Development at Trilitech, Tezos’ R&D Hub.
Aligned with Global Regulatory Trends
This announcement coincides with advancements in blockchain initiatives by regulators worldwide, such as the Hong Kong Monetary Authority (HKMA) and the Monetary Authority of Singapore (MAS). With tokenization projects like wCBDCs and asset-backed token platforms gaining traction, the Xalts-Tezos partnership is poised to lead the next wave of institutional blockchain adoption.
As businesses and regulators seek scalable and secure blockchain solutions, Xalts and Tezos stand ready to deliver. Meet them at TOKEN2049!
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About Xalts
Xalts is a fintech company that facilitates real-time connectivity between businesses using cutting-edge technology, including APIs, blockchains, and orchestration layers. Supported by Accel and Citi Ventures, Xalts operates in Singapore, Hong Kong, India, the UAE, and the UK. Discover more at Xalts.io.
About Tezos
Tezos is an open-source, energy-efficient blockchain trusted by institutions globally. With a focus on security, scalability, and seamless upgrades, Tezos is designed for secure digital assets and applications deployment. Visit Tezos.com to learn more.
