XDC Network Acquires Contour to Expand Stablecoins and Tokenization in Trade Finance

The venture arm of Layer-1 blockchain XDC Network has acquired Contour Network, a digital trade finance platform previously backed by major banks like HSBC and Citi before being shuttered in late 2023. XDC plans to inject fresh capital and restructure Contour with a new strategy centered on integrating stablecoins into real-world trade processes, aiming to streamline trade financing from documentation to settlement. This move aligns with the broader industry trend of using blockchain for real-world asset (RWA) tokenization and stablecoin settlements, which could save billions annually. XDC Network, which supports fast settlements and ISO 20022 messaging, is positioning itself as a hub for RWA tokenization. Furthermore, XDC Ventures launched a Stablecoin Lab to pilot regulated stablecoins, like USDC, for efficient trade transaction settlement, and the project will begin testing with regulators across the U.S., EU, and Asia.

(Source：CoinDesk)