In the recent week, Ritesh Kakkad, co-founder of the Network, joined FintechTV at the New York Stock Exchange and shared how the platform is reshaping global finance. He explained how the firm is positioning itself as a leading institutional grade blockchain by working from faster and cheaper transactions to real world asset (RWA) tokenization with a XDC ETF listing approach.
Source: X
The platform's transitioned from proof of work to more energy efficient proof of stake model in its almost eight years of journey and became Ethereum Virtual Machine (EVM) supportible, including U.S. Treasuries, real estate, and financial instruments.
With the launch of XDC 2.0, the network is becoming more efficient and secure, ready to support large scale, real world use assets.
As possible listing in the U.S. is also being considered, which would allow more traditional investors to gain exposure to the network through native financial channels. If XDC ETF planning is successful, this could encourage similar listings in other regions, such as Asia and Europe, expanding its global reach.
Ahead of ETF planning, its real impact lies in its RWA strategy, which has been rising institutional attention. It currently supports USTY, a token backed by a BlackRock managed U.S. Treasury ETF. This makes it one of the few blockchains platforms that let real world assets turn into digital tokens and move on the network in a safe and compliance way.
Along with the recent statements, it is seen that the Binance.US listing gained a lot of interest and contributed to its price hitting. As of date, it is trading at $0.0978, up 6.23% in the last 24 hours. Its market cap has hit $1.59 million, and 24 hour volume surged 63.22% to $84.12 million.
Source: CoinMarketCap
Starting today, binance US has opened trading for the USDT pair, allowing U.S. users direct access through a dollar pegged stablecoin. The move may result in increased liquidity, mass participation, and a large stage for the project across markets.
The token listing on the Binance.US is not just a simple indexing event but it shows a promising path that the Network followed and achieved this milestone. The growing trust in the blockchain's real world assets tokenization system and with a potential U.S. XDC ETF listing plan, the platform could soon offer traditional investors regulated access through stock exchanges.
Bhumika Baghel is a rising crypto content writer with a deepening interest in blockchain technology and digital finance. With a keen understanding of market trends and cryptocurrency ecosystems, she breaks down intricate subjects like Bitcoin, altcoins, DeFi, and NFTs into accessible and engaging content. Bhumika blends well-researched insights with a clear, concise writing style that resonates with both newcomers and experienced crypto enthusiasts. Committed to tracking price fluctuations, new project developments, and regulatory shifts, she ensures her readers stay informed in the fast-moving world of crypto. Bhumika is a strong advocate of blockchain’s potential to drive innovation and promote financial inclusion on a global scale.