Dubai, United Arab Emirates, 20 April 2024, Chainwire
XVC Tech has invested in TradeTogether, a leading Web3 wealth manager based in Singapore. A venture capital firm founded by the creators of the XDC network blockchain.
The XDC Network ecosystem includes RWA dApps focusing on Private Credit (TradeFinex), Trade Finance (XDC Trade Network), tokenized gold (Comtech Gold) and tokenized US Treasuries (Yieldteq powered by Tradeteq).
Ritesh Kakkad, Co-Founder of XVC Tech commented, “TradeTogether approached XVC with a strong focus on compliance, which is key in sectors such as private credit and trade finance. We believe this focus on compliance will attract more institutional adoption, leading to increasing the utilization of XDC network use cases.”
TradeTogether CEO Geoff Ira added: “The XDC Network is a robust Tier 1 enterprise blockchain with a strong focus on Real-World Assets (RWA). We look forward to working with XDC and its dApps ecosystem to develop cutting-edge Web3-focused funds that will bring smart capital to RWA and Web3 while maintaining regulatory compliance standards.
TradeTogether presents two innovative investment options
TradeTogether has significant co-investors such as Orbit Startups, Tenity, Boleh Ventures and Leo Ventures. Other Angel investors who have participated in TradeTogether's funding round since its inception include Samuel Rhee (Chairman of Endowus), Varun Mittal (Group Head Innovation Singlife), Reuben Lai (Former Senior MD of Grab Financial Group), Mx Kuok (KUOK Family), E. BABA de Rothschild (EGR Partners), Chandrima Das (Founder of Ex bento acquired by Grab), Nicolas Gallet (Gallet Capital), David Bachelier (CEO Asia at Flowdesk).
About XVC Tech
Founded by XDC Network co-founders Atul Khekade and Ritesh Kakkad, XVC Tech is a $125 million fund focused on exploring investment opportunities in NextGen Technology Solutions. Portfolio companies include DeGaming, a decentralized i-gaming infrastructure protocol, Bolero, a platform for sharing IP music assets through smart contracts or Truflation, an oracle for RWA, indices and inflation.
Current areas of interest include RWA, Web3 infrastructure, AI and DePIN. New investment opportunities are actively sought for Web3 startups that want to make an impact. Users who want to know more can visit XVC Tech at XVC.Tech and contact them.
About the XDC Network
The XDC network is an open source, carbon neutral, enterprise class, EVM compatible, layer 1 blockchain that has been operating since 2019 and focuses on enterprise use cases such as Trade Finance, Payments and RWA tokenization. More information at: Xinfin.org
About TradeTogether
TradeTogether Pte Ltd is a pioneering Web3 digital asset management company based in Singapore. Operating under a regulatory exemption from 25 October 2021, TradeTogether is at the forefront of innovative financial solutions in digital assets. Headed by CEO Geoff Ira, who has a strong background in the finance and banking industry. For more information, users can visit TradeTogether.com
ContactInvestment managerThibault DelrueXVC Techthibault@xvc.tech
This article was originally published on Chainwire
