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{"actor":"system:backfill","investigation_id":"fc145b64-1335-4b3c-aafe-fffa9096e641","kind":"publish","page_slug":"xdc-network","published_at":"2026-05-14T06:02:58.696Z","sequence_num":1,"snapshot":{"content_type":"investigation","entity_name":"XDC Network","sections":[{"content":"XDC Network was co-founded in 2017 by Atul Khekade, Ritesh Kakkad, and Karan Bhardwaj through XinFin. Atul Khekade has 14+ years in technology and played a key role in demonstrating the first permissioned blockchain system for a consortium of top Asian banks. Ritesh Kakkad has 20+ years of experience in cloud hosting and internet infrastructure. The co-founders also operate XVC Tech, a $125M fund focused on NextGen technology investments.","heading":"Founders and Background","severity":"low","sources":[{"credibility":2,"name":"Bitrue: Get to Know XDC Founder","type":"news_article","url":"https://www.bitrue.com/blog/get-to-know-xdc-network-founder"},{"credibility":2,"name":"XinFin: About XDC Network","type":"official","url":"https://xinfin.org/about"}]},{"content":"XDC Network is specifically designed for enterprise use cases in trade finance, payments, and RWA tokenization. The network is ISO 20022-aligned for institutional interoperability, features low transaction fees, and fast settlement times. It operates as a delegated proof-of-stake (XDPoS) consensus with carbon-neutral operations. Notable integrations include native USDC deployment and partnerships in the payments and trade finance sectors.","heading":"Trade Finance and RWA Focus","severity":"low","sources":[{"credibility":2,"name":"XDC Network: U.S. Regulatory Progress 2025","type":"official","url":"https://xdc.org/articles/u.s.-regulatory-progress-and-native-usdc-headline-xdc-network-growth-in-2025"}]},{"content":"As of the 6th mainnet anniversary (June 2025), XDC Network has processed over 801 million transactions and deployed 178,000+ smart contracts. The XDC 2.0 upgrade (Q4 2024) incorporated maximum Byzantine fault tolerance security and a forensics monitoring system. A Cancun Hard Fork v2.6.8 (January 2026) aligned XDC with Ethereum's latest protocol changes. Utila integration provides MPC-driven institutional custody, and Elliptic support adds enterprise-grade AML/KYC monitoring.","heading":"Network Metrics and Technical Upgrades","severity":"low","sources":[{"credibility":2,"name":"XDC Network: Growth Accelerates in North America","type":"official","url":"https://xdc.org/articles/xdc-network-growth-accelerates-in-north-america"}]},{"content":"XDC Network has relatively limited independent media coverage and public scrutiny compared to its market cap. No major security incidents, exploits, or regulatory actions were found during this investigation. The absence of controversy may reflect the project's enterprise-focused positioning and lower retail profile, but it also means less independent verification of claims. The project's reliance on official sources for key metrics warrants additional third-party verification.","heading":"Limited Independent Coverage","severity":"medium","sources":[{"credibility":2,"name":"CoinMarketCap: XDC Network","type":"other","url":"https://coinmarketcap.com/currencies/xdc-network/"}]}],"sources_used":[{"credibility":2,"name":"Bitrue: XDC Founder","type":"news_article","url":"https://www.bitrue.com/blog/get-to-know-xdc-network-founder"},{"credibility":2,"name":"XinFin: About","type":"official","url":"https://xinfin.org/about"},{"credibility":2,"name":"XDC: U.S. Regulatory Progress","type":"official","url":"https://xdc.org/articles/u.s.-regulatory-progress-and-native-usdc-headline-xdc-network-growth-in-2025"},{"credibility":2,"name":"XDC: North America Growth","type":"official","url":"https://xdc.org/articles/xdc-network-growth-accelerates-in-north-america"}],"summary":"XDC Network is an enterprise-grade, EVM-compatible Layer-1 blockchain co-founded in 2017 by Atul Khekade and Ritesh Kakkad through XinFin, focused on trade finance, payments, and RWA tokenization. The mainnet has been operational since 2019 with 801M+ transactions processed and 178K+ smart contracts deployed. XDC 2.0 upgrade (Q4 2024) introduced Byzantine fault tolerance security. ISO 20022-aligned for institutional interoperability. Co-founders operate a $125M XVC Tech investment fund. No major security incidents or regulatory actions found. Limited independent media coverage and relatively low public scrutiny for its market cap.","timeline":[{"date":"2017-01-01","event":"XDC Network co-founded by Atul Khekade and Ritesh Kakkad through XinFin","source":"xinfin.org","source_url":"https://xinfin.org/about"},{"date":"2019-06-01","event":"XDC mainnet launches, operational since","source":"xdc.org","source_url":"https://xdc.org/"},{"date":"2024-10-01","event":"XDC 2.0 upgrade introduces Byzantine fault tolerance and forensics monitoring","source":"xdc.org","source_url":"https://xdc.org/articles/u.s.-regulatory-progress-and-native-usdc-headline-xdc-network-growth-in-2025"},{"date":"2026-01-01","event":"Cancun Hard Fork v2.6.8 aligns XDC with Ethereum's latest protocol changes","source":"xdc.org","source_url":"https://xdc.org/articles/xdc-network-growth-accelerates-in-north-america"}]},"v":1}