 standards. This innovation has positioned XDC Network as a trusted platform for real-world asset (RWA) tokenization, trade finance, and cross-border payments.){kind=link}
Ritesh Kakkad, Co-Founder of XDC Network, joined Vince Molinari at the iconic New York Stock Exchange. Ritesh is a seasoned technology entrepreneur with a wealth of experience in finance and technology. He shared the fascinating journey of XDC Network, which he co-founded nearly eight years ago, focusing on creating a blockchain network that addresses the challenges of high transaction times and fees.
Ritesh explained how they transitioned from a proof-of-work to a proof-of-stake consensus mechanism, making their network compliant with Ethereum Virtual Machine (EVM) standards. This innovation has positioned XDC Network as a trusted platform for real-world asset (RWA) tokenization, trade finance, and cross-border payments.