XDC Foundation is the ecosystem development and grant-making body behind the XDC Network (formerly XinFin), a hybrid blockchain protocol built for enterprise trade finance and real-world asset tokenization. The foundation operates primarily to fund projects, tooling, and protocol development within the XDC ecosystem. XinFin as a project was established around 2017–2018 and is headquartered in Singapore, with the XDC Network mainnet going live in 2019.
The XDC Network uses a delegated proof-of-stake consensus mechanism (XDPoS 2.0) and was designed to bridge public and private blockchain environments. This architecture attracted interest from institutions working in trade finance, supply chain settlements, and tokenized real-world assets (RWA). The foundation's investment and grant activity focuses almost exclusively on projects building within or integrating with the XDC Network – making it a narrowly scoped, ecosystem-aligned investor rather than a broad-mandate venture fund.
Public information about total assets under management is limited. The foundation does not publicly disclose AUM figures.
Notable investments
- TradeFinex – a peer-to-peer trade finance platform built on XDC, targeting invoice financing and working capital markets.
- Globiance – a regulated exchange and banking platform operating on the XDC Network.
- Plug – a DeFi protocol bringing lending and liquidity infrastructure to XDC.
- XSwap Protocol – a decentralized exchange native to the XDC ecosystem.
- Impel – a cross-chain messaging protocol that added XDC connectivity for institutional asset transfers.
Specific deal sizes and entry valuations are not publicly disclosed for any of the above.
Team
XinFin was co-founded by Atul Khekade and Ritesh Kakkad. Khekade has a background in enterprise blockchain sales and partnership development; Kakkad focuses on the technical and protocol side. Public information about the broader foundation investment committee or managing partners is limited. The foundation's decision-making structure is not fully disclosed in public filings.
Recent activity
Between 2024 and early 2026, XDC Foundation increased its focus on RWA tokenization narratives, aligning with broader market interest in on-chain trade finance instruments. The foundation supported integrations with R3 Corda and participated in pilots with international trade bodies examining blockchain-based letter-of-credit settlement. Several ecosystem grants were directed at developer tooling and wallet infrastructure.
The XDC token itself has faced volatility consistent with mid-cap altcoins, and the network's transaction volumes remain modest relative to larger EVM chains. The foundation's retail ROI figure of 0.28 reflects the challenging environment for ecosystem-focused investors with concentrated exposure to a single Layer 1.
XDC Foundation's outlook depends heavily on whether institutional trade finance adoption of blockchain infrastructure accelerates. The RWA tokenization trend is a tailwind, but the foundation's narrow geographic and sector focus – Singapore, enterprise, trade finance – limits diversification. Developers interested in the ecosystem can find grant information at xdc.dev.