Going forward, XDC Network is positioned to support a suite of RWA products that will make trade finance assets widely accessible to capital markets while enabling finance-starved MSMEs to access the financing they need. Notably, XDC Network was the first and only blockchain invited to join the Trade Finance Distribution Initiative (TFDi), a consortium of the world’s leading banks and non-bank financial institutions established to bridge the $5 trillion trade finance gap. It was also invited to join the ITFA’s Digital Negotiable Instruments Initiative (DNI). Tradeteq was responsible for the world’s first trade finance-based non-fungible token (NFT) issuance on the XDC Network in late 2021.
After the token’s launch on Jan 29, 2018, on the Ethereum platform, over 4,564 wallets have acquired XDCE, with a recorded total of 147,181 successful token transactions to date. XinFin Network (XDCE) is a cryptocurrency token built on top of Ethereum platform, launched in January 2018. Wealth distribution is an important factor to consider when researching a cryptocurrency. It refers to the percentage of the total supply of the cryptocurrency held by the top wallet addresses.
What is XDC Network?
Additional contributions of note include those of SBI Holdings, which entered into a joint venture with TradeFinex to expand XDC Network use cases in global economic activities, particularly in trade finance and cross-border payments. Kakkad and Khekade set out to build an enterprise-ready blockchain uniquely suited to liquifying global trade finance. With that overarching goal in mind, they joined forces with André Casterman, who, after spending 20+ years at SWIFT, now serves in a prominent leadership role for the XDC Network and drives innovation by shepherding various network use cases across traditional finance. Reddit is a popular platform where cryptocurrency communities often gather to discuss news, trends, and insights related to a particular coin. Analyzing Reddit stats can provide valuable insights into the community’s sentiment and engagement with a particular cryptocurrency.
latest XDC Network news
- Additional contributions of note include those of SBI Holdings, which entered into a joint venture with TradeFinex to expand XDC Network use cases in global economic activities, particularly in trade finance and cross-border payments.
- In 2023, through the efforts of Tradeteq and Securitize, the XDC Network rolled out its first compliant U.S.
- The XDC Network is a blockchain developed to support trade finance and the tokenization of RWAs.
- Notably, XDC Network was the first and only blockchain invited to join the Trade Finance Distribution Initiative (TFDi), a consortium of the world’s leading banks and non-bank financial institutions established to bridge the $5 trillion trade finance gap.
- Kakkad and Khekade set out to build an enterprise-ready blockchain uniquely suited to liquifying global trade finance.
With architecture that enables the creation of sovereign sub-networks, XDC Network is uniquely equipped to support those who require dedicated blockchain environments for enhanced permissions and control, such as government agencies, financial institutions, and businesses. XDC Network (XDCE) currently ranks 97 among all known cryptocurrency assets. A high market capitalization implies that the asset is highly valued by the market. Compared to other crypto coins which started the same year as XinFin Network it has above-average trading volume, average volume for the other 812 coins started in 2018 is $8M while XDCE has $13M. Showing market cap and how it’s compared to different cryptocurrencies. X2,x10, etc. means if the price of XinFin Network (XDCE) will multiply by x2,x10, etc how much market cap it will have, and how it will compare then to the same coins.
In 2023, through the efforts of Tradeteq and Securitize, the XDC Network rolled out its first compliant U.S. Treasury token, USTY, representing blockchain-based versions of shares in a U.S. XinFin, a Singapore-based fintech company providing enterprise-grade blockchain solutions for international trade and finance, was established in 2017 by Ritesh Kakkad and Atul Khekade. Secure, scalable, and highly efficient, the XDC Network powers a wide range of novel blockchain use cases and provides state-of-the-art infrastructure for enterprise-grade blockchain applications.
Most Visited Cryptocurrencies
To see more analysis and outlook, please check the XinFin Network price prediction page. A forthcoming upgrade to the consensus mechanism, dubbed XDC 2.0, is currently running on testnet. It xdce price and subsequent iterations of the XDC Network protocol will further enhance the security of the consensus mechanism and incorporate a novel “judiciary branch” into the consensus mechanism. The current circulating supply of XDC Network is 12.31B. Please bear with us as we address this and restore your personalized lists.
The XDC Network is a blockchain developed to support trade finance and the tokenization of RWAs. A highly optimized, EVM-compatible Layer 1 blockchain, XDC Network reaches consensus through a delegated proof-of-stake (dPoS) mechanism, which allows for a transaction time of mere seconds, near zero gas fees, and a high number of transactions per second (TPS). Various teams supporting and utilizing the XDC Network posit that trade finance is the definitive use case for blockchain technology and that public blockchain networks, like the XDC Network, are the vehicle for industry transformation. As of Nov 18, XinFin Network has a market capitalization of $510.4 Million and is ranked #131 among all cryptocurrencies. This calculation is based on the circulating supply of XinFin Network.
