XDC Network Files for U.S. ETF to Merge Blockchain with Traditional Finance

The XDC Network, an open-source blockchain platform compatible with Ethereum's smart contracts and SWIFT systems, has submitted an application for a U.S.-based ETF. Co-founder Ritesh Kakkad confirmed the MOVE in a recent Fintech TV interview, describing it as a critical step toward mainstream adoption. "We are applying for an ETF for XDC," Kakkad stated, with an anticipated launch within weeks.

The proposed ETF aims to broaden access to XDC’s native token while attracting institutional investors. By harnessing blockchain’s efficiency in real-world asset transactions, XDC positions itself at the crossroads of decentralized and traditional finance. This filing aligns with a growing trend of crypto integrations into regulated financial products, reflecting increasing institutional confidence in digital assets.