Core Insights - XDC Network's venture arm has acquired Contour Network, a digital platform aimed at enhancing trade finance for banks through blockchain technology [1][2] - Contour, previously supported by major banks, faced scaling challenges and was closed in late 2023; XDC plans to restructure it with new capital and a focus on stablecoin integration [2] - The acquisition aligns with a broader trend among global banks to utilize blockchain for real-world asset tokenization and stablecoin settlements, potentially saving billions in trade financing [3] Company Overview - XDC Network is an Ethereum-compatible layer 1 blockchain known for its two-second settlement times and support for ISO 20022 messaging [4] - The network aims to become a hub for real-world asset tokenization, partnering with firms like Circle, Deutsche Telekom MMS, and Securitize [4] Strategic Initiatives - XDC is developing settlement rails, treasury optimization, and compliance frameworks to support banks [5] - Contour's technology has previously reduced processing times for Letters of Credit from days to hours, and XDC intends to provide comprehensive digital trade finance solutions [5] - The company will begin testing its new offerings with regulators in the U.S., EU, and Asia [5] New Developments - XDC Ventures has launched a Stablecoin Lab to conduct pilot programs for banks and corporates, focusing on the use of regulated stablecoins like USDC for trade transaction settlements [6]