Dubai, UAE, April 20, 2024, Chainwire
XVC Tech has invested in TradeTogether, a leading Web3 asset manager based in Singapore. XDC Network is a venture capital firm founded by the founder of blockchain.
XDC Network’s ecosystem includes RWA dApps focused on private credit (TradeFinex), trade finance (XDC Trade Network), tokenized gold (Comtech Gold), and tokenized US Treasury bonds (Yieldteq powered by Tradeteq) .
“TradeTogether approached XVC with a focus on compliance, which is key in sectors such as private credit and trade finance,” said Ritesh Kakkad, co-founder of XVC Tech. We believe the use cases for the XDC network will increase.”
Geoff Ira, CEO of TradeTogether, added: “The XDC Network is a powerful, enterprise-grade layer 1 blockchain focused on real-world assets (RWA). We look forward to working with the XDC and dApp ecosystem to develop best-in-class Web3-focused funds and drive intelligent capital to RWA and Web3 while adhering to regulatory compliance standards.”
TradeTogether introduces two innovative investment options.
- First, the TradeTogether Bitcoin Advantage Fund allows clients to invest in Bitcoin with added protection against market downturns, providing a better experience than traditional ETFs.
- TradeTogether also moves away from the DeFi platform model to provide transparent solutions of tokenized bonds and Web3 products for bond financing to high-net-worth individuals and financial institutions.
TradeTogether has prominent co-investors such as Orbit Startups, Tenity, Boleh Ventures, and Leo Ventures. Other angel investors who have participated in TradeTogether’s funding rounds since its inception include Samuel Rhee (Chairman Endowus), Varun Mittal (Group Head Innovation Singlife), Reuben Lai (former Senior MD Grab Financial Group), Mx Kuok (KUOK Family), and E. BABA. de Rothschild (EGR Partners), Chandrima Das (Dunchbox founder acquired by Grab), Nicolas Gallet (Gallet Capital) and David Bachelier (Flowdesk Asia CEO).
About XVC Tech
Founded by XDC Network co-founders Atul Khekade and Ritesh Kakkad, XVC Tech is a USD 125 million fund focused on exploring investment opportunities in NextGen technology solutions. Portfolio companies include DeGaming, a decentralized i-gaming infrastructure protocol, Bolero or RWA, a platform for splitting the IP of music assets through smart contracts, and Truflation, an oracle for indices and inflation.
Current areas of focus include RWA, Web3 infrastructure, AI, and DePIN. For Web3 startups looking to make an impact, we are actively seeking new investment opportunities. Users who want to know more can visit XVC Tech at XVC.Tech and contact us.
Introduction to XDC Network
The XDC Network is an open-source, carbon-neutral, enterprise-grade, EVM-compatible, layer 1 blockchain that has been operating since 2019 with a focus on enterprise use cases such as trade finance, payments, and RWA tokenization. For more information, please visit Xinfin.org.
About TradeTogether
TradeTogether Pte Ltd is a pioneering Web3 digital asset management company based in Singapore. Operating under regulatory exemption from October 25, 2021, TradeTogether is at the forefront of innovative financial solutions in the digital asset space. It is led by CEO Geoff Ira, who has a strong background in the finance and banking industry. For more information, visit TradeTogether.com.
Contact Investment ManagerThibault DelrueXVC Techthibault@xvc.tech
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