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Xalts onboards Tezos on its platform to accelerate the adoption of Tokenization of Real World Assets
Xalts will offer a one-stop, plug-and-play solution for enterprise developers who want to tokenize RWAs and build blockchain applications on the Tezos blockchain. Etherlink, the non-custodial EVM Layer 2 powered by Tezos, is the latest blockchain on RWA Cloud, Xalts’ enterprise application development and management platform.
By: XTZ News
5 September 2024
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Not Financial Advice: No content on this website constitutes investment, financial, legal, or tax advice. Users should not construe any such information as a recommendation to buy, sell, or hold any investment or security or to pursue any particular investment strategy.
Our articles due not endorse any projects/applications, nor due they constitute any financial advice. They are provided to simply inform our readers with readily available information that has been provided elsewhere.
Xalts will offer a one-stop, plug-and-play solution for enterprise developers who want to tokenize RWAs and build blockchain applications on the Tezos blockchain. Etherlink, the non-custodial EVM Layer 2 powered by Tezos, is the latest blockchain on RWA Cloud, Xalts’ enterprise application development and management platform.
Xalts and Tezos Foundation today announced that they will collaborate to further the adoption of tokenization of real-world assets (RWA) by institutions. They will provide out-of-the-box solutions to enable financial services, governments, and other enterprise developers looking to build digital asset platforms for implementing blockchain, tokenization, and smart contract applications for different use cases.
Xalts works with financial services and businesses to provide connectivity by leveraging a modern technology stack, including APIs, Blockchains, and Orchestration layers. Its product suite includes solutions such as the RWA Cloud platform, which enables large institutions such as financial services and governments to quickly build complex solutions on blockchains.
Xalts will offer enterprise application developers the option to build on the Tezos blockchain to drive the adoption of use cases in the financial services industry, such as the tokenization of funds, securities, commodities and trade finance assets, digital currencies, and CDBCs. They will also offer solutions for regulators and governments looking to adopt blockchain technology for multiple other use cases. Enterprises can build blockchain applications quickly and at a very low cost using Xalts’ RWA Cloud on Etherlink.
Etherlink is a Layer 2 blockchain powered by Tezos’s smart roll-up technology. It is the only non-custodial L2 in the industry and provides a very high-speed execution time while keeping transaction costs very low compared with other blockchain solutions.
RWA Cloud addresses challenges enterprises and regulators face while implementing blockchain, such as retaining complex rules, workflows, processes, and user compliances mandated by internal or regulatory governance. Enterprises can manage process complexity associated with events like issuance, servicing, or transfers by leveraging RWA Cloud’s Smart Workflow Core, an orchestration layer that connects with smart contract libraries and multiple off-chain systems.
Xalts and Tezos Foundation will also work together to onboard organizations on blockchains using RWA Cloud’s Smart Org Manager on Etherlink, which enables organizations to manage their blockchain onboarding by setting up multiple levels hierarchies and user wallet access rights for on-chain and off-chain permissions similar to traditional user management and administration setup.
“We are very excited to partner with Tezos. This partnership will make the development of blockchain and smart contract solutions much more accessible and accelerate enterprise use cases”, said Ashutosh Goel, Chief Executive Officer, Xalts.
“Tezos and Xalts will jointly enable faster adoption of blockchain and tokenization by reducing the cost and time involved in application development and deployment by any type of developer, including large institutions such as governments, banks, and asset managers. With Tezos’ commitment to institutional grade security, Tezos’ smart-rollups with an industry-first non-custodial L2, upcoming native javascript L2, and this partnership, we have an exciting joint roadmap ahead of us!” said Siddharth Singhal, Head of Business Development at Trilitech, Tezos R&D Hub.
The collaboration between Xalts and Tezos comes at a time when several global regulators have launched tokenization use cases, including the Hong Kong Monetary Authority (HKMA), which launched Project Ensemble in Mar 2024, a wholesale central bank digital currency (wCBDC) pilot to ultimately create an interoperable platform, Monetary Authority of Singapore (MAS) launching Project Guardian – a multi-year initiative for asset tokenization, and Qatar Financial Centre (QFC) setting up their Digital Assets Lab.
Fraktion, a platform focused on the tokenization and fractionalization of real-world assets (RWAs), has raised €1.1 million in a seed round. The funding was provided by Cabrit Capital, Tezos Foundation, Vox Capital, and several business angels. The goal is to expand Fraktion’s end-to-end software solution, which helps businesses create, manage, and market tokenized investment products in a way that meets regulatory requirements.
London-based Tezos ecosystem development firm Trilitech has introduced Uranium.io, a new marketplace offering tokenized uranium backed by physical uranium oxide (U3O8), commonly known as “yellowcake.” The platform operates on Etherlink, an Ethereum Virtual Machine (EVM)-compatible layer-2 network built on top of the Tezos blockchain.
Xalts will offer a one-stop, plug-and-play solution for enterprise developers who want to tokenize RWAs and build blockchain applications on the Tezos blockchain. Etherlink, the non-custodial EVM Layer 2 powered by Tezos, is the latest blockchain on RWA Cloud, Xalts’ enterprise application development and management platform.
Not Financial Advice: No content on this website constitutes investment, financial, legal, or tax advice. Users should not construe any such information as a recommendation to buy, sell, or hold any investment or security or to pursue any particular investment strategy.
Our articles due not endorse any projects/applications, nor due they constitute any financial advice. They are provided to simply inform our readers with readily available information that has been provided elsewhere.
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In the latest and final installation series presented in partnership with the Tezos Foundation, Museum of the Moving Image announces Compositions in Code: The Art of Processing and p5.js, to be presented from March 6 through August 24 on its Herbert S. Schlosser Media Wall. The featured artists all used the accessible, open-source programming environment Processing or the p5.js library as tools in the creation of their work. Each artist will make a fragment of the exhibited work available for the public to collect for free onsite and online via the Tezos blockchain.
Tezos Pepe is a community-driven project combining meme coin culture with DAO governance. It emphasizes ‘on chain’ community participation, with holders able to utilize their tokens to vote on proposals such as, project developments, tokenomics and more.
From the iconic 1980s Quantel Paintbox to contemporary NFTs, the Tezos ecosystem is bringing four decades of digital art innovation to NFT Paris (February 13-14). The event features a rare live performance by digital art pioneer Kiki Picasso on the original Paintbox, a three-day World of Women takeover with new works by Amber Vittoria, and a keynote by Tezos co-founder Arthur Breitman on real-world asset tokenization.