SUNNYVALE, Calif., Sept. 23, 2025 /PRNewswire/ — Plug and Play today announced the participants for its second XDC Network RWA Accelerator program. The two-month initiative is designed to build on the first accelerator cohort completed earlier this year. Eleven inventive startups will collaborate with key industry stakeholders, driving forward innovation in the fast-growing sector of tokenized real-world assets.
Created in cooperation with XDC Foundation, the accelerator will expand on the first cohort by including projects that bring diverse ways to interface with RWAs, enhanced liquidity, and a collaborative approach to work within the broader XDC and Plug and Play ecosystems. Each startup will integrate its project with XDC Network and bring value to the network, known for its cutting-edge tokenization applications and its excellence in global trade finance.
“Our collaboration with Plug and Play has proven fruitful from the start, with high quality startups launching their projects on XDC Network,” states Matthew Weisenthal, Director of XDC Foundation. “With the rapid pace of growth in blockchain technology, it is more important than ever to usher in a solid class of tokenization startups that will bring viable projects, sound business practices, and liquidity support to the network. We are thrilled with the selection of participants for this cohort.”
The first cohort graduated tokenization projects, such as Plume, Polytrade, and Blockticity, that will add value to the XDC Network’s RWA ecosystem. The selection included marketplace platforms for trade finance and institutional capital as well as projects that combat supply chain fraud.
The eleven startups selected for the second program are:
- 129Knots
- Brickken
- Compute Labs
- DeSyn
- DigiShares
- Enor Securities
- InvestBay
- Raze
- Syntera
- Toknar
- Unitas
“The XDC RWA Accelerator is a perfect match for Toknar, as we further develop our next generation invoice finance platform,” said Alessandro Marchesini, Co-founder and Board Member. “We are excited to leverage the networks that both Plug and Play and XDC Network have cultivated in recent years and look forward to a collaborative process that brings value to our collective global trade finance ecosystems.”
“At 129Knots, we have created the world’s first Origination-to-Distribution (OTD) platform for global trade finance, starting with the USD 200 billion marine fuel industry. The real-world asset space is entering a defining moment, and we are excited to be a part of the XDC RWA Accelerator, powered by Plug and Play and the XDC Network, to connect with a powerful ecosystem of investors, financiers, and technology leaders,” said Kshitij Dhanuka, Lead Strategist, Digital Trade & Asset Structuring at 129Knots. “This program provides access to global expertise in tokenization technology, debt financing, and equity investment, enabling us to push the boundaries of compliant, scalable solutions for global trade. Together with visionaries like XDC Foundation, we aim to broaden the reach of RWAs and reshape global trade finance into a truly investment-grade asset class.”
This RWA accelerator embodies the long-term outlook and strategy set forth by the visionaries behind the XDC Network. It provides the opportunity for projects to collaborate with XDC executives as well as receive access to Plug and Play’s corporate partnership network. The selected startups will participate in the two-month accelerator, culminating at the Plug and Play Silicon Valley November Summit, where they will have the opportunity to showcase blockchain-based solutions to a wide audience that includes top-tier venture capitalist firms, Fortune 500 companies, governments, and universities.
“When we launched this program last year, our goal was to help founders turn bold ideas into real-world adoption, and the results spoke for themselves,” stated Maximillian Jungreis, Head of Crypto & Digital Assets at Plug and Play. “Startups raised over $200 million, we facilitated more than 25 VC introductions, connected founders with over 30 corporates, and hosted hands-on workshops. That momentum carries us into Cohort 2, at a time when the XDC Network is making major strides with listings on Binance US and Kraken, as well as the native USDC integration with Circle.”
Learn more about the XDC Network RWA Accelerator here.
About Plug and Play
Plug and Play is the leading innovation platform, connecting startups, corporations, venture capital firms, universities, and government agencies. Headquartered in Silicon Valley, we’re present in 60+ locations across five continents. We offer corporate innovation programs and help our corporate partners in every stage of their innovation journey, from education to execution. We also organize startup acceleration programs and have built an in-house VC to drive innovation across multiple industries where we’ve invested in hundreds of successful companies including Dropbox, Guardant Health, Honey, Lending Club, N26, PayPal, and Rappi. For more information, visit https://www.plugandplaytechcenter.com/.
About XDC Network
XDC Network is a blockchain specifically developed to support trade finance and RWA tokenization. A highly optimized, EVM-compatible Layer 1, XDC Network reaches consensus through a delegated proof-of-stake (dPoS) mechanism, which provides high-level security, fast transaction times and enhanced scalability. The XDC Network powers a wide range of novel blockchain use cases and provides state-of-the-art infrastructure for enterprise-grade blockchain applications.
Find more information about XDC Network by visiting XDC.org.
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