Building RWA Business on XDC Network (Part 2) — A “Build on XDC” Masterclass
Actionable insights on leveraging blockchain to enhance security, efficiency, and transparency in RWA businesses while also gain practical strategies for scaling your tokenized assets business on the XDC Network.
The Build on XDC series’ 4th Masterclass was the icing on the cake regarding real-world asset (RWA) tokenization, exploring how blockchain is revolutionizing traditional finance. Led by Ritika Bhardwaj, Chief Operating Officer at ComTech Official, a pioneer in gold tokenization on the XDC Network, the session shed light on the tokenization of precious metals, compliance strategies, and the future of digital assets.
Attendees gained actionable insights on leveraging blockchain to enhance security, efficiency, and transparency in RWA businesses. The session also covered practical strategies for scaling tokenized assets, ComTech Gold’s success story, and upcoming innovations in the space.
Know your mentor
Ritika Bhardwaj, Chief Operating Officer at ComTech Gold, a leading startup on XDC Network and pioneers in tokenized gold solutions.
With over 7+ years in operations, HR, and strategic leadership and the current Chief Operating Officer at ComTech Gold, she brings a wealth of experience in people management, organizational development, and business strategy. With expertise in team building, communication, and leadership, Ritika plays a pivotal role in driving efficiency and fostering a high-performance culture in the fast-paced Web3 and blockchain space.
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Key Topics Covered in the Masterclass
1. ComTech Gold (CGO): A Real-World Example of RWA Tokenization
ComTech Gold (CGO) is a Sharia-compliant digital gold token, fully backed by 100% physical gold stored securely in Transguard vaults. Since its launch in May 2022, over 150,000 tokens have been issued, representing 150 kg of physical gold.
2. Why Tokenized Gold Outshines Traditional Gold Purchases
- Fractional Ownership: Buy and trade gold in smaller units without the hassle of physical storage.
- Liquidity & Accessibility: Easily tradeable on the ComTech app and multiple exchanges.
- Lower Costs: Reduced transaction fees compared to traditional gold investments.
- Transparency & Security: Backed by regular audits and external inspections to ensure trust.
3. Ensuring Trust & Compliance in RWA Tokenization
Regulatory compliance is critical for building trust in tokenized assets. ComTech follows strict AML and KYC guidelines, is licensed under Dubai Airport Authority and DMCC, and ensures transparent record-keeping via the XDC Blockchain.
The company’s approach includes:
- Regular third-party audits for token-backed gold reserves.
- Compliance with global financial regulations to enable seamless cross-border trading.
- Secure storage solutions with leading partners like StoneX, FAB, and Kalyan Jewelers.
4. The Future of Tokenized Precious Metals
- Expanding to Silver & Other Commodities: Plans are underway to tokenize silver, with efforts to address vaulting cost challenges.
- Oil Tokenization: ComTech is working on an oil-backed token, expected to be finalized before Q2 2025.
- Seamless Banking Integration: Ongoing discussions with banks to provide IBANs for smoother transactions.
- Enhanced UI/UX for Investors: Improving the platform’s user interface to simplify token purchases and redemptions.
5. Redeeming Tokenized Gold: How It Works
Investors holding at least 1,000 CGO tokens (equivalent to 1 kg of gold) can redeem their tokens for physical gold. The redemption process includes:
- Contacting ComTech for verification.
- Burning the corresponding tokens on the blockchain.
- Receiving physical gold or equivalent fiat value.
6. Tokenization in DeFi & The Role of Blockchain
Tokenized gold and other RWAs have the potential to be used as collateral in DeFi applications, unlocking new liquidity streams. However, the session highlighted blockchain efficiency as a key factor in adoption. XDC Network stands out due to:
- Low Gas Fees: A major advantage over Ethereum for cost-sensitive transactions.
- Hybrid Blockchain Model: Combining public and private chain benefits for security and transparency.
- High Scalability: Enabling fast transactions for institutional and retail investors alike.
Benefits of Building on the XDC Network for RWAs
The XDC Network provides a robust and efficient infrastructure for real-world asset (RWA) tokenization, making it an ideal choice for startups and enterprises.
- Low Gas Fees: Minimized transaction costs for seamless and affordable operations.
- High Scalability: Handles large transaction volumes without network congestion.
- Interoperability with EVM Chains: Ensures easy integration with existing blockchain ecosystems.
- Established Use Case in Trade Finance: Proven success in global trade, making it a reliable platform for tokenization.
- Enterprise-Grade Security: Secure, compliant, and built for institutional adoption.
- Institutional Adoption of XDC: Growing recognition from financial institutions for RWA applications.
Pivot x XDC Co-Acceleration Program
Pivot and XDC’s co-acceleration program aims to support 10 promising startups in the DeFi payments and RWA sectors. If you are a startup in the DeFi & RWA space and want to apply for the Pivot x XDC co-accleration program please read this to understand more about the program: Let’s Pivot-to-XDC
- Application Form: Apply Here
- Note: Applicants to Mention “Let’s Pivot to XDC” in the “Who referred you” column.
- Selected startups may receive up to $100K in investment from the Pivot x XDC Co-Acceleration funding pool.
About the Series
“Build on XDC Network” is a comprehensive masterclass series under Pivot’s 0xHub initiatives, designed to equip developers, founders, and blockchain enthusiasts with the tools and knowledge to build scalable, secure, and efficient applications on the XDC Network. The series covers foundational concepts, advanced functionalities, and practical workshops to empower participants in leveraging the full potential of the XDC ecosystem.
About XDC Network
XDC Network is an open-source, carbon-neutral, enterprise-grade, EVM-compatible, Layer 1 blockchain that has been operationally successful since 2019. The network obtains consensus via a specially delegated proof-of-stake (XDPoS) technique that allows for 2-second transaction times, near-zero gas expenses ($0.002), over 2000 TPS, and interoperability with ISO 20022 financial messaging standards. The XDC Network powers a wide range of novel blockchain use cases, including Global Trade Finance, Payment, Decentralized physical infrastructure network (DePIN) and Real World Asset (RWA) tokenization, that are secure, scalable, and highly efficient.
Find more information about XDC Network by visiting the website XinFin.org, XDC.org and follow XDC Network on their social media:
About Pivot
Pivot is a global venture accelerator firm dedicated to the Web 3.0 industry, created by founders, for founders. Pivot’s selected startups are focused on milestones & are not bound to periodic curriculum-based programs. Founded by Anshul Dhir, a 3x founder in the Web 3.0 space, and mentor and investor in over 50 companies in Web3. Pivot is being supported by some great founders & Angels in this industry including Polygon, Delphi Digital, Blockchain Founders Group, Liminal, Biconomy, BitsCrunch, Tegro, Router, QuickSwap & more. We are also supported by Tier 1 ecosystems such as BNB Chain, Polygon, Arbitrum, ICP, Manta Network, Mantle apart from many VCs, launchpads, Exchanges & many more.
