XDC Ventures, the investment arm of the XDC Network, announced the acquisition of Contour Network, reviving the blockchain platform for digitized letters of credit (LCs) and combining Contour’s global bank consortium with XDC’s hybrid Layer‑1 settlement rails.
XDC Ventures Acquires Contour Network to Tokenize Trade Finance
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The deal positions XDC as an institutional gateway for tokenized trade finance and real‑world asset settlement, with co‑founder Atul Khekade calling the move “the most powerful institutional gateway for tokenized trade‑finance and cross‑border settlement.”
XDC Ventures will fund Contour’s geographic expansion, launch a “Stable‑Coin Lab” to pilot regulated stable‑coin issuance and API‑based LC settlement, and integrate Circle USDC on XDC to enable faster, lower‑cost cross‑border settlements while pursuing pilots with banks, regulators and corporates across the U.S., EU, GCC and Asia. Immediate priorities include the lab setup, API rollouts, and Corda workflow integration, with strategic investors invited for compliance and trade‑network expertise.
FAQ 🧭
• Who acquired Contour Network? — XDC Ventures, the investment arm of the XDC Network.
• What will Contour do under XDC? — Expand LC digitization, enable tokenized settlements, and run stable‑coin pilots.
• Which stablecoin and rails are planned? — Integration with Circle USDC on the XDC Network for regulated settlement.
• Where will expansion and pilots focus? — U.S., EU, GCC and Asian markets, subject to local regulatory arrangements.
