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XVC Tech Invests in TradeTogether, Transforming Digital Asset Management with Real-World Asset Integration
In a groundbreaking move, XVC Tech, a venture capital powerhouse established by the founders of the XDC Network, has invested in TradeTogether, a leading Web3 wealth manager headquartered in Singapore. This strategic alliance marks a watershed moment in the burgeoning digital asset industry, paving the way for a seamless integration of real-world assets (RWAs) into Web3 investment portfolios.
Synergizing Blockchain Expertise with Wealth Management Prowess
XDC Network's ecosystem boasts an impressive array of RWA-centric decentralized applications (dApps), spanning private credit (TradeFinex), trade finance (XDC Trade Network), tokenized gold (Comtech Gold), and tokenized US Treasuries (Yieldteq powered by Tradeteq). XVC Tech's investment in TradeTogether harnesses this formidable RWA expertise, unlocking unparalleled opportunities for institutional adoption and the expansion of XDC Network's utility.
"TradeTogether's unwavering commitment to compliance is a key factor in our decision to invest," said Ritesh Kakkad, co-founder of XVC Tech. "In sectors like private credit and trade finance, compliance is paramount. We firmly believe that TradeTogether's focus in this area will attract more institutional adoption, propelling the utilization of XDC Network's RWA use cases."
Geoff Ira, CEO of TradeTogether, echoed this sentiment: "XDC Network is a robust Enterprise-grade Layer 1 blockchain with an unwavering focus on RWAs. We are thrilled to collaborate with XDC and its ecosystem of dApps to develop cutting-edge Web3-centric funds that drive intelligent capital into RWAs and Web3, all while adhering to the highest regulatory standards."
Innovative Investment Solutions Redefining Digital Asset Management
TradeTogether introduces two groundbreaking investment options that are set to revolutionize digital asset management:
- TradeTogether Bitcoin Advantage Fund: This innovative fund enables clients to invest in Bitcoin with added protection against market downturns, offering a superior experience compared to traditional ETFs.
- High-Net-Worth (HNW) and Institutional Solutions: TradeTogether caters to HNW individuals and financial institutions, providing transparent solutions in tokenized bonds and Web3 products for receivable financing, departing from the conventional DeFi platform model.
A Stellar Alliance with Prominent Co-Investors
TradeTogether has attracted a constellation of eminent co-investors, including Orbit Startups, Tenity, Boleh Ventures, and Leo Ventures. Angel investors who have participated in TradeTogether's funding rounds from its inception include:
- Samuel Rhee, Chairman of Endowus
- Varun Mittal, Group Head Innovation at Singlife
- Reuben Lai, Former Senior Managing Director at 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
- David Bachelier, CEO Asia at Flowdesk
About XVC Tech
XVC Tech, founded by the co-founders of XDC Network, Atul Khekade and Ritesh Kakkad, is an investment fund with a corpus of US $125 million. XVC Tech focuses on identifying and investing in NextGen Technology Solutions, spanning RWA, Web3 infrastructure, AI, and DePIN.
About XDC Network
The XDC Network stands as an open-source, carbon-neutral, enterprise-grade, EVM-compatible, Layer 1 blockchain that has been operational since 2019. XDC Network is laser-focused on Enterprise use cases such as Trade Finance, Payment, and RWA tokenization.
About TradeTogether
TradeTogether Pte Ltd is a visionary Web3 digital asset management company based in Singapore. Since receiving a regulatory exemption on October 25, 2021, TradeTogether has been at the vanguard of innovative financial solutions in the digital asset landscape.
Disclaimer
This press release is sponsored and is solely for informational purposes. It does not reflect the views of Crypto Daily and is not intended as legal, tax, investment, or financial advice.
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