What is XinFin Network (XDC)?

Quick Facts

  • Founded: 2017, Singapore
  • Mainnet launched: 2019
  • Native token: XDC
  • Consensus: XinFin Delegated Proof of Stake (XDPoS)
  • Speed: 2,000+ transactions per second (TPS)
  • EVM-compatible: Yes, supports Ethereum tooling
  • Key focus: Trade finance, RWA tokenization, cross-border payments
  • ISO 20022 compliant: Interoperable with global financial messaging standards

Introduction

XinFin Network — also known as XDC Network — is an enterprise-grade, open-source, hybrid Layer-1 blockchain built for real-world finance. It bridges the gap between public and private blockchains, making it suitable for both decentralized applications and large institutional use cases.

At the center of the network is its native token, XDC, used for transactions, smart contracts, and staking.

History & Background

XinFin, which stands for 'Exchange Infinite,' was established in 2017 in Singapore by Ritesh Kakkad, Atul Khekade, and Karan Bhardwaj. The team brought backgrounds in cloud infrastructure, fintech, and international trade.

The XDC mainnet launched in 2019, and the XDC Foundation was established in 2021 to support community-led growth, developer adoption, and ecosystem expansion.

How XinFin Network Works

XDC Network uses a XinFin Delegated Proof of Stake (XDPoS) consensus mechanism — a hybrid model combining delegated staking with masternodes. This design allows the network to achieve over 2,000 TPS with near-zero transaction fees and low energy consumption.

The network features a hybrid architecture — both public and private subnetworks — letting enterprises keep sensitive data private while maintaining the transparency of a public chain. Its EVM compatibility means developers can easily port Ethereum-based applications to XDC.

Compliance with the ISO 20022 global financial messaging standard makes XDC apps interoperable with traditional banking and payment infrastructure.

Tokenomics

XDC is the native utility token of the XDC Network. It is used to pay gas fees, execute smart contracts, and participate in network governance. Staking XDC is central to the network's security model — Masternodes require staking 10 million XDC and earn annual rewards, while Standby Nodes participate at a lower threshold with slightly different reward rates.

This staking model incentivizes long-term participation and ensures decentralized network operation.

Circulating supply ? 20.56 billion XDC
Total supply ? 38.08 billion XDC
Max supply ? -- XDC
Updated 4d ago

Ecosystem & Use Cases

XDC Network's primary focus is trade finance — digitizing and tokenizing financial instruments like invoices, letters of credit, and other real-world assets (RWA). It targets the multi-trillion-dollar global trade finance gap, especially in emerging markets.

Beyond trade finance, the ecosystem supports DeFi protocols, cross-border payments, supply chain transparency, and infrastructure development finance. The network's hybrid design makes it attractive to both startups and established financial institutions.

Team, Governance & Community

XinFin was co-founded by Ritesh Kakkad (cloud and infrastructure entrepreneur) and Atul Khekade (fintech and permissioned blockchain veteran). The broader team includes professionals with experience at Oracle, Maersk, and other global firms.

The XDC Foundation supports the ecosystem through collaboration with developers, trade experts, and content creators. Local communities around the world play an active role in awareness and adoption.

Advantages

  • Hybrid architecture enables both public transparency and private data protection
  • High throughput (2,000+ TPS) with near-zero gas fees
  • EVM compatibility lowers the barrier for Ethereum developers
  • ISO 20022 compliance enables seamless integration with traditional finance
  • Energy-efficient consensus reduces environmental impact
  • RWA tokenization unlocks liquidity in traditionally illiquid assets

Risks & Challenges

  • Enterprise adoption cycles are long — institutional blockchain integration takes time
  • Competition from other enterprise blockchains like Hyperledger, R3 Corda, and Quorum
  • Centralization concerns with a masternode model requiring large XDC stakes
  • Regulatory uncertainty around tokenized financial instruments remains a global challenge
  • Ecosystem size is still smaller than leading smart contract platforms

Long-Term Vision

XDC Network aims to become the institutional backbone for real-world asset tokenization and global trade finance. With planned features like private corporate subnets anchored to the XDC mainnet, the project is building toward a future where traditional finance and blockchain infrastructure are seamlessly connected. Its mission centers on closing the global trade liquidity gap and contributing to broader economic growth through accessible, enterprise-ready blockchain technology.

Frequently Asked Questions

XDC is the native token of XinFin Network, used to pay transaction fees, execute smart contracts, and participate in staking. Validators and Masternode operators earn XDC rewards for securing the network.

XDC Network features both public and private subnetworks. This allows enterprises to keep sensitive business data confidential while still benefiting from the transparency and security of a public blockchain.

XinFin was founded in 2017 in Singapore by Ritesh Kakkad, Atul Khekade, and Karan Bhardwaj. The founders have backgrounds in cloud infrastructure, permissioned blockchain development, and fintech.

XDC uses XinFin Delegated Proof of Stake (XDPoS), a hybrid of DPoS and masternodes. This enables 2,000+ TPS, low fees, and energy-efficient block production.

ISO 20022 is the global standard for financial messaging used by banks and payment systems worldwide. XDC's compliance with this standard means its applications can communicate directly with traditional financial infrastructure.

The XDC Foundation was established in 2021 to support the growth and adoption of the XDC Network. It works with developers, trade experts, and communities globally to advance the ecosystem.

Masternodes require staking 10 million XDC to participate in block validation and earn annual rewards. Standby Nodes also earn rewards at a slightly lower rate, allowing broader participation in network security.

XDC Network focuses primarily on trade finance, cross-border payments, and supply chain management. It also supports broader DeFi applications and real-world asset tokenization for institutional users.