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XDC Ventures to “re-energise” Contour after Xalts sale
Summary by Global Trade Review (GTR)
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1 Articles
XDC Ventures to “re-energise” Contour after Xalts sale
XDC Ventures, the investment arm of trade blockchain company XDC Network, is hoping to “re-energise” trade finance platform Contour after acquiring it from Xalts. Singapore-based XDC bought a 100% stake in Contour, designed to streamline banks’ trade finance processes with a focus on digital letters of credit (LCs), for an undisclosed amount last week, the company’s co-founder Ritesh Kakkad told GTR. XDC, whose main offering involves digitisin…
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