XVC Tech Invests in TradeTogether, Bolstering Real-World Assets Ecosystem on XDC Network

ChainwireXVC Tech, the venture capital firm of XDC Network, has invested in TradeTogether, a leading Singapore-based Web3 wealth manager. TradeTogether emphasizes compliance in its wealth management services, including tokenized bonds and Web3 products for receivable financing. With a focus on Real-World Assets (RWA) and adherence to regulatory standards, TradeTogether aims to foster institutional adoption and leverage the XDC Network's use cases in private credit, trade finance, tokenized gold, and US Treasuries.

XVC Tech Invests in TradeTogether, Strengthening the Real-World Assets Ecosystem on XDC Network

Dubai, UAE, April 20th, 2024 - Leading venture capital firm XVC Tech, founded by the creators of the XDC Network blockchain, has invested in TradeTogether, a prominent Web3 wealth management platform based in Singapore. This strategic investment demonstrates XVC Tech's unwavering commitment to fostering the real-world assets (RWA) ecosystem on XDC Network.

XDC Network has established a robust ecosystem of RWA-focused dApps, including TradeFinex (private credit), XDC Trade Network (trade finance), Comtech Gold (tokenized gold), and Yieldteq (tokenized US Treasuries).

"TradeTogether's unwavering emphasis on compliance aligns perfectly with our vision for the RWA sector," stated Ritesh Kakkad, co-founder of XVC Tech. "This focus will undoubtedly attract significant institutional adoption and enhance the utilization of XDC Network's RWA use cases."

Geoff Ira, CEO of TradeTogether, expressed his enthusiasm for the collaboration: "XDC Network is a cutting-edge Enterprise-grade Layer 1 blockchain with an unparalleled focus on RWAs. We are eager to harness the power of XDC and its dApp ecosystem to develop groundbreaking Web3-centric funds that will drive intelligent capital into RWAs and Web3 while adhering to stringent regulatory standards."

TradeTogether Introduces Innovative Investment Options

This investment by XVC Tech will facilitate the introduction of two groundbreaking investment options by TradeTogether:

1. TradeTogether Bitcoin Advantage Fund: This fund offers clients the opportunity to invest in Bitcoin with added protection against market downturns, providing a superior experience compared to traditional ETFs.
2. Tokenized Bonds and Web3 Receivable Financing: TradeTogether empowers high-net-worth individuals and financial institutions with transparent solutions in tokenized bonds and Web3 products for receivable financing, transitioning away from the traditional DeFi platform model.

Strong Support from Co-Investors

TradeTogether has garnered support from a distinguished group of co-investors, including Orbit Startups, Tenity, Boleh Ventures, and Leo Ventures. Notable angel investors who have participated in TradeTogether's funding rounds since its inception include Samuel Rhee (Chairman of Endowus), Varun Mittal (Group Head Innovation Singlife), Reuben Lai (former Senior MD Grab Financial Group), Mx Kuok (KUOK Family), E. BABA de Rothschild (EGR Partners), Chandrima Das (Ex bento founder acquired by Grab), Nicolas Gallet (Gallet Capital), and David Bachelier (CEO Asia at Flowdesk).

About XVC Tech

Co-founded by XDC Network's creators, Atul Khekade and Ritesh Kakkad, XVC Tech is a US $125mn fund dedicated to exploring investment opportunities in NextGen Technology Solutions. Their portfolio companies encompass DeGaming (decentralized i-gaming infrastructure protocol), Bolero (fractionalizing IP of music assets via smart contracts), and Truflation (oracle for RWA, indexes, and inflation). XVC Tech's current investment focus includes RWA, Web3 infrastructure, AI, and DePIN. Emerging Web3 startups with a transformative vision are encouraged to connect with XVC Tech at XVC.Tech.

About XDC Network

XDC Network is an open-source, carbon-neutral, enterprise-grade, EVM-compatible, Layer 1 blockchain that has been operational since 2019. It prioritizes enterprise use cases, including trade finance, payments, and RWA tokenization. The network's commitment to sustainability and compliance has garnered widespread recognition in the industry. For more information, visit Xinfin.org.

About TradeTogether

TradeTogether Pte Ltd is a pioneering Web3 digital asset management company headquartered in Singapore. Operating under a regulatory exemption since October 25, 2021, TradeTogether is at the forefront of innovative financial solutions in the digital asset space. Led by CEO Geoff Ira, TradeTogether possesses a deep understanding of the financial and banking industry. To learn more, visit TradeTogether.com.

Contact:

Thibault Delrue, Investment Manager
XVC Tech
thibault@xvc.tech