On September 18th, Singapore-based fintech company Xalts announced a partnership with smart contract platform Avalanche to support financial services, government, and other enterprise developers in building digital asset platforms for deploying blockchain, tokenization, and smart contract applications.

Xalts explained that through this collaboration, it will provide out-of-the-box solutions for various use cases, including tokenization of funds, securities, commodities, and trade finance assets, as well as digital currencies and CBDCs.