Dubai, United Arab Emirates, April 20, 2024, Chainwire
XVC Tech, has invested in TradeTogether, a leading Web3 asset manager based in Singapore. The venture capital firm founded by the creators of the XDC Network blockchain.
The XDC Network ecosystem includes RWA dApps focused 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, noted: “TradeTogether approached institutional adoption, leading to greater use cases of the XDC network.”
Geoff Ira, CEO of TradeTogether, added: “XDC Network is a robust enterprise-grade layer 1 blockchain with a strong focus on real-world assets (RWA). We look forward to partnering with XDC and its dApp ecosystem to develop top-tier Web3-focused funds, directing smart capital into RWAs and Web3, while adhering to regulatory compliance standards.”
TradeTogether introduces two innovative investment options
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 round since its inception include Samuel Rhee (Chairman of Endowus), Varun Mittal (Head of Innovation Singlife Group), Reuben Lai (former Senior MD Grab Financial Group), Mx Kuok (Family KUOK), 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 that fractionals music asset IP via smart contracts, or Truflation, an oracle for RWA, indices and inflation.
Current areas of interest include RWA, Web3 infrastructure, AI and DePIN. For Web3 startups looking to make an impact, new investment opportunities are actively sought. Users interested in learning more can visit XVC Tech at XVC.Tech to get in touch.
About the XDC Network
The More details 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 the digital asset space. Led by CEO Geoff Ira, who has strong experience 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