In a groundbreaking move towards tokenizing real-world assets, Xalts has partnered with the Tezos Foundation to simplify and expedite blockchain application development for enterprises. This collaboration merges Xalts’ RWA Cloud with Tezos’ Layer 2 solution, Etherlink, providing a swift and cost-effective pathway for institutions, governments, and financial services to tokenize a wide range of assets, including funds, commodities, and digital currencies.
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A Seamless Solution for Enterprise Blockchain Adoption
The Xalts-Tezos collaboration aims to reduce the barriers for large institutions seeking to embrace 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 is specifically designed to meet the increasing demand for blockchain in finance, trade, and government sectors. By leveraging Tezos’ robust and energy-efficient blockchain infrastructure, Xalts offers ready-made solutions for enterprises to tokenize assets like funds, securities, and commodities. The partnership aims to accelerate blockchain adoption by simplifying development and deployment processes.
“This partnership will make blockchain and smart contract solutions much more accessible to enterprise developers. We are excited to collaborate with Tezos to shape 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 crucial role in this partnership. It offers rapid transaction speeds and minimal costs, making it ideal for high-volume applications such as 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 collaborate to expedite the 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 coincides with global regulators’ advancements in blockchain initiatives, 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 enterprises 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 through 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 worldwide. Prioritizing security, scalability, and seamless upgrades, Tezos is tailored for secure digital asset deployment and applications. Explore more at Tezos.com.