Xalts partners with Avalanche 20 September 2024Singapore Reporter: Klea Neza
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Xalts has collaborated with Avalanche in an effort to bring more enterprise-grade real world asset tokenisation solutions for institutions.
This partnership aims to provide out-of-the-box solutions to support financial services, governments, and other enterprise developers looking to build digital asset platforms for implementing blockchain, tokenisation, and smart contract applications for different use cases.
Through the two firms joining forces, financial institutions can deploy custom blockchain networks that meet specific financial requirements and comply with local regulations using Avalanche’s L1 technology, orchestrate and automate their on-chain processes, tokenise digital assets and liabilities on the blockchain via smart workflows using Xalts’ RWA Cloud, note the firms.
Morgan Krupetsky, head of Institutions and Capital Markets at Ava Labs, comments: “Our collaboration with Xalts enables us to jointly offer RWA tokenisation technology infrastructure and solutions to financial services institutions, including banks, asset managers, and fintechs alike.”
Ashutosh Goel, CEO of Xalts, adds: “We are very excited to partner with Avalanche. This will make the development of blockchain and smart contract solutions much more accessible and accelerate enterprise use cases.”
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