XDC Trade Network
XDC Trade Network is a Singapore-based blockchain platform that digitizes MLETR-compliant trade documents (Bills of Lading, Warehouse Receipts, Certificates of Origin, etc.) and connects them to liquidity providers for capital raising, serving shippers, exporters, importers, and institutional investors via integration with TradeTrust and Propine.
- Company typePrivate
- Founded2019
- HeadquartersSingapore, Singapore
- Headcount5,001–10,000
- GTM typeB2B
- OfferingSoftware
What XDC Trade Network does
XDC Trade Network is a Singapore-headquartered blockchain company that operates a suite of decentralized applications on the XDC Network, a Layer 1, EVM-compatible, carbon-neutral blockchain. The platform enables the digitization of seven key trade documents — Bill of Lading, Warehouse Receipts, Certificate of Origin, Commercial Invoice, Packing List, Customs/Goods Declaration, and Insurance Certificates — in MLETR-compliant electronic form, and connects those documents to liquidity providers for capital raising. The solution integrates with IMDA's TradeTrust framework (refactored for XDC Network compatibility) for cross-platform interoperability and with Propine's MAS-licensed ProTect custody platform for KYC onboarding and atomic settlement of capital against document title.
The company serves two primary customer segments: shippers, exporters, and importers seeking to reduce paper documentation costs and access trade finance, and liquidity providers (institutional investors, family offices, accredited funds) seeking structured exposure to trade finance as an asset class with verified documentation. Go-to-market is partner-led, leveraging GTR Ventures' network of 60,000+ trade finance decision makers across 20+ cities and a distribution model in which regulated digital custodians handle onboarding and settlement.
Revenue is generated via transaction fees on capital-raising facilitation and platform usage for document creation, verification, and settlement, though pricing is not publicly disclosed. The company received a strategic seed investment from GTR Ventures in October 2024 and is initiating a broader seed funding round to scale operations globally. It maintains offices in Singapore (regional headquarters) and Abu Dhabi (Middle East office). Revenue is not publicly disclosed and the platform is currently at pilot-stage onboarding.
XDC Trade Network firmographics
Firmographics- Name
- XDC Trade Network
- Legal name
- XDC Trade Network
- Website
- https://xdctrade.network
- Company type
- Private
- Founded year
- 2019
- Operating status
- Operating
- Headcount range
- 5,001–10,000 employees
- Short description
- XDC Trade Network is a Singapore-based blockchain platform that digitizes MLETR-compliant trade documents (Bills of Lading, Warehouse Receipts, Certificates of Origin, etc.) and connects them to liquidity providers for capital raising, serving shippers, exporters, importers, and institutional investors via integration with TradeTrust and Propine.
- Ownership category
- akta.pro rank
XDC Trade Network industry classification
Industry- Product category
- Blockchain Trade Finance
- NAICS
- Commodity Contracts Intermediation (52316)
- SIC
- Security & Commodity Brokers, Dealers, Exchanges & Services (6200)
- akta.pro primary industry
- Trade Finance Platforms & Digitization (eBL/eDocs, TradeTech, Network Solutions) (FSABAHAL)
- akta.pro secondary industry
- Trade Finance & Receivables Tokenization (FSADAEAG)
Keywords
Where XDC Trade Network is headquartered
LocationHeadquarters
- HQ city
- Singapore
- HQ country
- Singapore
- HQ region
- Asia
Offices2 records
Markets served
XDC Trade Network business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure
Revenue model
- Capital Raising Facilitation: XDC Trade Network enables shippers to raise capital in exchange for trade documents created on MLETR-compliant solutions. Liquidity providers (institutional investors, family offices, accredited funds) provide capital in exchange for trade document collateral, with the platform facilitating the transaction and settlement.
- Platform Services: The company provides a complete suite of dApps for trade document digitization, verification, and settlement. Revenue is generated through platform usage fees for document creation, verification, and capital settlement transactions.
Go-to-market motion2 records
Distribution channels4 records
Marketing channels4 records
XDC Trade Network product offering
Product offeringCore offering
XDC Trade Network is a suite of decentralized applications built on the XDC Network blockchain that digitalizes global trade finance processes. It enables shippers, exporters, and importers to create MLETR-compliant electronic trade documents (Bill of Lading, Warehouse Receipts, Certificate of Origin, Commercial Invoice, Packing List, Customs/Goods Declaration, Insurance Certificates) and raise capital against those documents from institutional liquidity providers via atomic settlement on smart contracts.
Product overview
XDC Trade Network is a unified trade finance platform built on XDC Network blockchain, offering end-to-end digitalization of cross-border trade processes. The platform provides two core functionalities: (1) Document creation through MLETR-compliant solutions for key trade documents including Bills of Lading, Warehouse Receipts, Certificates of Origin, Commercial Invoices, Packing Lists, Customs Declarations, and Insurance Certificates; and (2) Capital raising against these documents from liquidity providers. The platform integrates with TradeTrust for document interoperability and Propine's ProTect™ for regulated digital custody and atomic settlement, enabling trustless exchange of documents and capital.
Differentiator
Problem solved
Functional benefit
Products and services
- XDC Trade Network Platform A unified blockchain-based platform built on XDC Network that digitalizes the global trade finance industry. Enables creation of MLETR-compliant electronic trade documents (Bill of Lading, Warehouse Receipts, Certificate of Origin, Commercial Invoice, Packing List, Customs/Goods Declaration, Insurance Certificates), and facilitates capital raising against those documents from institutional liquidity providers via atomic settlement on smart contracts. Integrates with TradeTrust for document interoperability and Propine ProTect for regulated digital custody.
Quantifiable outcome
- Significant cost reduction in shipping through elimination of printing, handling, and transportation costs of paper documents (potentially hundreds of pages per shipment)
- +2 more outcomes
Companies that use XDC Trade Network
Customer profileSegments2 records
Ideal customer profiles2 records
XDC Trade Network technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration2 records
Feature6 records
XDC Trade Network partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core.
- IMDA (Info-communications Media Development Authority of Singapore)coreIMDA, a statutory board of the Singapore government, developed TradeTrust - a framework designed to address challenges of paper-based cross-border trades using blockchain-powered technology. IMDA has refactored its Token Registry codes to ensure compatibility with XDC Network. IMDA and XDC are working together in developing MLETR-compliant solutions for the industry benefit.
- PropinecorePropine is the first independent digital asset custodian licensed by the Monetary Authority of Singapore (MAS) and first to be awarded ISO 27001 certification. XDC Trade Network is well-integrated with Propine's solution ProTectTM. Borrowers and Lenders are required to be onboarded through Propine's stringent onboarding process. Atomic settlement is achieved to provide faster, more-efficient and cheaper cross-border payments.
Scale indicators3 records
Recent moves6 records
Expansion highlights5 records
XDC Trade Network competitors and assessment
Company assessmentDirect peers
- Contour: Formerly Voltron, Contour is a blockchain-based platform for digital trade documents (Letters of Credit, Bills of Lading) built on R3 Corda. Backed by eight global banks including HSBC, Standard Chartered, and ING, it is the most direct comparable to XDC Trade Network in product scope and target customers.
- Komgo: Komgo is a blockchain-based trade finance platform focused on commodities, backed by major institutions including ING, BNP Paribas, Societe Generale, and Shell. Directly comparable to XDC Trade Network in serving commodity trade finance with tokenized document workflows.
- Marco Polo Network (TradeIX): Marco Polo is a blockchain trade finance network built on R3 Corda, originally developed by TradeIX. Backed by major banks including BNP Paribas, Standard Chartered, and ING, it offers payables finance, receivables finance, and trade document workflows highly comparable to XDC Trade Network's proposition.
- essDOCS: essDOCS is an established provider of electronic Bill of Lading solutions with deep adoption among container carriers and banks. Directly comparable as a digitization platform for the same core trade documents XDC Trade Network targets (Bills of Lading, Warehouse Receipts).
Emerging players
- CargoX: CargoX is a blockchain-based electronic Bill of Lading provider built on Ethereum. It is an emerging competitor in the eBL space with a focused product offering that overlaps with XDC Trade Network's document digitization capabilities.
- WaveBL: WaveBL is a digital trade documentation platform offering electronic Bills of Lading and other shipping documents. An emerging player with direct overlap to XDC Trade Network's document digitization product line, particularly in maritime trade.
- TradeGo: TradeGo is a Hong Kong-based electronic Bill of Lading and trade document platform backed by major Asian shipping and financial institutions. It competes in the same eBL digitization space as XDC Trade Network with a regional focus.
Broad incumbents
- Digital Asset Holdings: Digital Asset is an established DLT infrastructure provider whose DAML smart contract language and enterprise blockchain stack underpin several trade finance initiatives. It is a broader incumbent offering capabilities that overlap with XDC Network's underlying infrastructure role.
- we.trade: we.trade was a blockchain trade finance platform backed by major European banks including HSBC, Santander, and Deutsche Bank. Although it entered administration in 2022, it remains a historically comparable platform to XDC Trade Network in target customer and product scope.
- Mastercard Trade Assets: Mastercard's Trade Assets platform offers multi-bank trade finance digitization with established bank integrations. It is a broader incumbent providing trade document and working capital solutions that overlap with XDC Trade Network's offering to global liquidity providers.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat5 records
Key risks7 records
Key highlights6 records
Customer concentration
XDC Trade Network social profiles
Digital presenceXDC Trade Network financial estimates
Financial estimateRevenue estimate
Valuation estimate
XDC Trade Network leadership team
Management profileNumber of profiles
Profiles1 record
XDC Trade Network funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
XDC Trade Network M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about XDC Trade Network
What does XDC Trade Network do?
XDC Trade Network is a suite of decentralized applications built on the XDC Network blockchain that digitalizes global trade finance processes. It enables shippers, exporters, and importers to create MLETR-compliant electronic trade documents (Bill of Lading, Warehouse Receipts, Certificate of Origin, Commercial Invoice, Packing List, Customs/Goods Declaration, Insurance Certificates) and raise capital against those documents from institutional liquidity providers via atomic settlement on smart contracts.
Is XDC Trade Network a public or private company?
XDC Trade Network is a private company. It is classified as venture growth investor backed and is currently operating.
When was XDC Trade Network founded?
XDC Trade Network was founded in 2019. It employs 5,001 to 10,000 people.
Where is XDC Trade Network based?
XDC Trade Network is headquartered in Singapore, Singapore, in the Asia region.
How does XDC Trade Network make money?
Two revenue lines are on record. Capital Raising Facilitation is the primary driver. The others are platform Services.
Who are XDC Trade Network's main competitors?
Direct peers on record are Contour, Komgo, Marco Polo Network (TradeIX) and essDOCS. Emerging players are CargoX, WaveBL and TradeGo. Broad incumbents are Digital Asset Holdings, we.trade and Mastercard Trade Assets.
Does XDC Trade Network have an API?
No public API is recorded for XDC Trade Network.
What industry is XDC Trade Network in?
XDC Trade Network's product category is Blockchain Trade Finance. Its primary akta.pro industry code is FSABAHAL, Trade Finance Platforms & Digitization (eBL/eDocs, TradeTech, Network Solutions), with a secondary code of FSADAEAG, Trade Finance & Receivables Tokenization. Its NAICS code is 52316 and its SIC code is 6200.