Xalts is a technology company.
Xalts has raised $6.0M across 1 funding round.
Xalts has raised $6.0M in total across 1 funding round.
Xalts is a fintech company founded in 2022 that builds infrastructure for programmable assets using blockchain and distributed ledger technology (DLT), alongside AI-powered agents to automate treasury and finance workflows.[1][2][3][5] It serves global financial institutions, banks, corporates, and enterprises by enabling tokenization, transfer, servicing of assets like trade receivables, loans, bonds, and loyalty points, while digitizing trade finance and providing multi-bank connectivity, ERPs, and accounting integrations.[1][3][5] The platform solves inefficiencies in financial operations—such as manual trade processes taking days—by automating end-to-end workflows with AI agents for tasks like data reconciliation, banking queries, and compliance, reducing time from days to hours as demonstrated in a MUFG letter of credit case.[1][3] With $6M raised from investors including Accel, Citi Ventures, and QFC Digital Assets Lab, and 20-50 employees across offices in Singapore, Bengaluru, and London, Xalts shows growth through acquisitions like the Contour network and new AI features.[1][2][5]
Xalts was co-founded in 2022 by Ashutosh Goel (CEO) and Supreet Kaur (COO), both with expertise in finance and technology, launching from Singapore with additional offices in Bengaluru and London.[1][2][5] The idea emerged from the need for interoperable financial infrastructure, initially focusing on blockchain/DLT for multi-party collaboration in asset programmability and trade finance, evolving to incorporate AI agents post-acquisition of the Contour network.[1][5] Early traction included partnerships like MUFG's rapid digital letter of credit and expansion into enterprise AI for treasury automation, marking pivotal milestones in digitizing global trade processes.[1]
Xalts rides the convergence of blockchain tokenization, DLT interoperability, and enterprise AI amid rising demand for digitized trade finance and treasury operations in a post-pandemic global economy.[1][3][5] Timing aligns with regulatory progress in digital assets and AI adoption, fueled by market forces like supply chain disruptions and corporate needs for real-time visibility, where traditional systems falter.[1] It influences the ecosystem by enabling institutions to embed programmability into real-world assets, fostering networked finance platforms that reduce friction and unlock liquidity in trade receivables and beyond.[5]
Xalts is poised to expand its AI-blockchain stack, targeting deeper enterprise adoption through custom workflows and global partnerships, potentially scaling beyond $6M funding with Series A traction.[1][2] Trends like AI agent proliferation, tokenized real-world assets (RWAs), and regulatory clarity for digital finance will propel growth, evolving its role from infrastructure provider to core enabler of programmable global treasuries.[3][4][5] As networks like Contour integrate further, Xalts could redefine institutional finance efficiency, tying back to its origins in solving manual bottlenecks for a hyper-connected future.[1]
Xalts has raised $6.0M in total across 1 funding round.
Xalts's investors include Citi Ventures, Connolley, Kaszek Ventures, Polygon, Quartz, Ribbit Capital.
Xalts has raised $6.0M across 1 funding round. Most recently, it raised $6.0M Seed in October 2022.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Oct 1, 2022 | $6.0M Seed | Citi Ventures, Connolley, Kaszek Ventures, Polygon, Quartz, Ribbit Capital |