Fireblocks, an infrastructure provider for blockchain assets, announced today it has integrated XDC Network, a hybrid blockchain protocol specializing in tokenizing trade instruments.
This news comes ahead of the launch of XDC Network’s Trada token, a stablecoin backed by tangible, trade finance assets.
Soon, Fireblocks’ clients that leverage its all-in-one blockchain platform to send, receive, custody, or stake digital assets will have access to XDC token as well as gain access to XDC Network’s Trada token.
In 2021, XDC Network became the only blockchain project to date to join the Trade Finance Distribution Initiative (TFDi) – a consortium of leading banks, credit insurers, trade originators, and institutional funders – to increase transparency and fuel automation techniques in the trade asset industry.
“Integration into the Fireblocks ecosystem is likely to fuel the next wave of access and awareness for the XDC Network. Trade finance is an increasingly attractive asset class for institutional investors, and we anticipate more growth to come as institutions seek to benefit from the EVM-compatible XDC Network, which has both a hyper scalable infrastructure and near-zero gas fees.”
– Atul Khekade, the Co-Founder of XDC Network