ChainwireXVC Tech, a venture capital firm, made headlines recently with their investment in TradeTogether, a Web3 wealth manager based in Singapore. This strategic move brings together two innovative companies in the blockchain space, with the promise of driving intelligent capital into Real-World Assets (RWAs) and Web3.
It is noted that TradeTogether approached XVC Tech with a strong emphasis on compliance, which is a key factor in sectors like private credit and trade finance. This focus on regulatory compliance is crucial for attracting more institutional adoption, ultimately leading to increased utilization of the XDC Network’s use cases.
TradeTogether introduced two innovative investment options for their clients. The TradeTogether Bitcoin Advantage Fund allows clients to invest in Bitcoin with added protection against market downturns, providing a unique alternative to traditional ETFs. Additionally, TradeTogether offers transparent solutions in tokenized bonds and Web3 products for receivable financing, moving away from the DeFi platform model.
It is worth noting that TradeTogether has prominent co-investors such as Orbit Startups, Tenity, Boleh Ventures, and Leo Ventures. Additionally, they have garnered support from notable angel investors, including Samuel Rhee, Varun Mittal, and Reuben Lai. This diverse group of investors brings valuable expertise and resources to TradeTogether, strengthening its position in the market.
XVC Tech, founded by the co-founders of XDC Network, Atul Khekade and Ritesh Kakkad, is a US$125mn fund focused on exploring investment opportunities in NextGen Technology Solutions. Portfolio companies under XVC Tech include DeGaming, Bolero, and Truflation, covering a wide range of sectors such as decentralized i-gaming, music asset fractionalization, and oracle services.
The investment in TradeTogether by ChainwireXVC Tech represents a strategic partnership between two innovative companies in the blockchain space. This collaboration has the potential to drive intelligent capital into RWAs and Web3, while emphasizing the importance of regulatory compliance. With the support of significant co-investors and angel investors, TradeTogether is well-positioned to become a key player in the digital asset management industry.