What is XDC Network? XDC Network is an enterprise-focused Layer 1 blockchain for trade finance, payments, real-world asset tokenization and institutional financial applications. Originating as XinFin in 2017, its public mainnet launched on 1 June 2019.
The network is Ethereum Virtual Machine compatible, so developers can use Solidity, JSON-RPC, Web3.js and Ethers.js. It supports XRC-20, XRC-721 and XRC-1155 token standards, allowing fungible tokens, non-fungible tokens and multi-token assets. XDC Network uses chain ID 50 on mainnet and chain ID 51 on the Apothem testnet. Its documentation cites approximately two-second blocks, finality in one to two blocks and throughput of more than 2,000 transactions per second.
How XDC Network works
XDC Network uses a hybrid architecture that combines a public blockchain with enterprise-oriented private environments and subnets. Organizations can use public settlement and auditability while keeping sensitive operational data within more controlled systems. The architecture also targets interoperability with traditional financial infrastructure, R3 Corda and ISO 20022-based messaging systems.
Its main applications include digital trade documents, invoices, receivables, bills of exchange, letters of credit, supply-chain finance and tokenized securities. The network also supports stablecoins, cross-border payments, structured credit, decentralized finance and institutional custody. XDC is used for gas fees, settlement, staking, smart-contract execution and network incentives.
Consensus and network security
The network uses XinFin Delegated Proof of Stake, or XDPoS. Validators operate as masternodes, while delegated staking helps select the block-producing set. XDPoS 2.0 incorporates HotStuff-based Byzantine fault-tolerant consensus, a deterministic committee-selection process and forensic monitoring.
The original network design specified 108 masternodes, with each validating node required to stake 10,000,000 XDC. Official materials describe validating nodes as KYC-compliant. This model provides fast confirmation and lower energy use than proof of work, but its comparatively concentrated validator structure gives it a different decentralization profile from larger permissionless networks.
Who is behind XDC Network and where is it based?
XDC Network was founded under the XinFin name in 2017 by Atul Khekade and Ritesh Kakkad, who are the founders consistently identified in official materials. XinFin Fintech Pte. Ltd. is the main operating company identified in public company records and is associated with Singapore. XinFin Foundation Limited, identified in the 2025 MiCA white paper as the entity responsible for the network’s initial development, launch and pre-mining, also has a Singapore address.
The XDC Foundation was formed in 2021 through a grant from XinFin and operates as an independent, community-focused ecosystem organization. Its role includes supporting development, adoption and ecosystem coordination. Public sources also identify TradeFinex Tech Ltd., an XDC Network promoter headquartered in Dubai, United Arab Emirates. The ecosystem includes Sunil Senapati, chief executive officer of XDC Trade Network, and Billy Sebell, identified in Foundation materials as an ecosystem leader.
Tokenomics and distribution
CoinStats recorded a price of $0.03494, a market cap of $696.97M (rank #132) and 24h volume of $14.58M on 1 October 2026 at 01:57 UTC. Circulating supply was 19,946,688,440 XDC, compared with a total supply of 38,065,686,425 XDC. The all-time high was $0.1928, the current price is 81.88% below it.
The network began with approximately 37.5 billion pre-mined XDC. The 2025 MiCA allocation described 40%, or 15 billion XDC, for founders and team members, 27%, or 10 billion XDC, for ecosystem development, and 6%, or 2.5 billion XDC, for a contingency fund. The remaining allocation categories and release schedules include reserves, network operations and other ecosystem purposes.
XDC is not mined through proof of work. Masternode and standby-node rewards create issuance, while transaction fees have historically included a burn component. The balance between rewards, fee activity and burning determines whether supply expands or contracts over time.
Partnerships, advantages and development
Key ecosystem relationships include Archax, which supported four tokenized money-market-fund products associated with Abrdn, State Street, Fidelity and BlackRock. Other integrations and collaborations include Assetera, IMDA TradeTrust, R3 Corda, native USDC infrastructure, BitGo, Curve Finance, SBI XDC Network APAC and Plug and Play’s accelerator program.
XDC Network’s main differentiators are its trade-finance specialization, EVM compatibility, rapid low-cost settlement, enterprise subnets and focus on regulated real-world assets. Its principal challenge is balancing institutional controls and validator accountability with the decentralization expected from public blockchains.
Recent development has focused on tokenized assets, stablecoin settlement, custody, DeFi liquidity and Ethereum tooling. The network reported activation of the v2.6.8 “Cancun” hard fork, while a March 2026 Plug and Play accelerator expanded from RWA projects into DeFi. Its broader roadmap emphasizes institutional finance, electronic trade documents, cross-chain connectivity, enterprise subnets and tokenized-asset markets.