XinFin (XDC) Network, known for secure, scalable, and highly efficient blockchain use cases have received an investment worth $50 million from the global alternative investment group, LDA Capital Limited. The investment originated by leveraging a portion of the token from the XDC founder’s allocation.
Atul Kakkade and Ritesh Kalkad, the cofounders of XDC Network believe that this collaboration will increase network adaption as well as real-world application cases. LDA is viewed as more than a financial partner. Because of their active and strategic participation in improving the ecosystem, the founders of XDC have expertise in LDA.
“We’ve always looked for genuine strategic partners, not just funders, who can actively and strategically advance the ecosystem, while bringing utility to the network, and making XDC the preferred Layer 1 for institutions the world over–in LDA, we’ve found such a partner.”
The onboarding of LDA Capital benefits the XDC’s new ventures and entities focused on bringing in new retail and institutional members. The XDC’s smart contract-based initiatives have expanded dramatically since its introduction in 2019. This new partnership is expected to encourage growth and development in Layer 2 projects within the XDC Ecosystem.
Anthony Romano LDA Capital Ltd.
“LDA Capital is pleased with the developments made in the XDC Network by the XDC ecosystem. In addition to its funding, LDA will offer strategic counsel and support to help XDC Blockchain Network assume its position as a market leader.”
Apart from the macro-economic benefits, projects like DEXs, Metaverses, NFT marketplaces, oracles, decentralized email providers & cloud storage, payment dApps, and legal document repositories are all roots of XDC utilities. LDA support, which is available as an add-on to the XDC ecosystem overall will increase the rate of expansion.