Ankr Partners with XDC Network, Launches RPC Integration for Finance and Asset Tokenization

Premier Web3 developer solutions hub Ankr has announced a major partnership with XDC Network, an open-source, enterprise-grade Layer 1 blockchain, with the former's Remote Procedure Calls (RPC) service seeing an implementation on the latter's protocol and ecosystem.

Ankr's integration with XDC Network will see critical functions of the two systems bridged into dApps and crypto wallets on the XDC chain, helping empower developers for efficiency gains across self-hosted XDC nodes. This saves a lot of time and resources for developers, making the XDC ecosystem more accessible for developers and contributing to the network's growth and industry-wide impact.

According to Ankr, the integration is targeting a variety of use cases, with a focus on the finance industry and real-world tokenization (RWAs, or real-world assets on a tokenized smart contract).

Ankr CEO Chandler Song discusses the core benefit of the integration, saying that the finance industry's continued integration with blockchain will result to enterprises and projects finding "an easy way to explore the possibilities of XDC with a fast and reliable RPC connection to the chain."

XDC Network was built as an EVM (Ethereum Virtual Machine) compatible Layer 1 blockchain working with a dwelegated proof-of-stake (XDPoS) mechanism. The project's XDC MainNet is backed and developed by XinFin, a global blockchain infrastructure organization founded by Atul Khekade and Ritesh Kakkad.

Ankr's XDC RPCs (Remote Procedure Calls) will serve as a critical service providing secure connections for wallets and dApps on the XDC blockchain. With the integration, the XDC RPCs will operate as blockchain routers to streamline on-chain data transmission between XDC nodes, dApps, and end-users.

The XDC Network integration with Ankr is part of the XDC Foundation's "ongoing effort to support developers with fundamental tools and services" which are "necessary for ease in building applications and accessing block data with world class speed and efficiency," shares Billy Sebell, Executive Director at the foundation.

Ankr, known as an all-in-one Web3 developer hub, offers a comprehensive suite of tools and solutions for Web3 app development, crypto staking, and globally distributed node infrastructure, enabling users to participate in the crypto economy and build a more decentralized web experience.

Notably, the firm has launched its innovative "liquid staking" system. Unlike traditional staking where the assets are locked (thus illiquid), liquid staking provides a more flexible approach in that users will receive tokens representing their staked assets. These tokens can then be traded or used tradable and can be used in various other DeFi protocols. The firm also recently partnered with Tencent Cloud for RPC integration into the cloud provider's ecosystem. Ankr also has concurrent partnerships and integrations with Optimism, Aptos, Microsoft, Polygon, and BNB Chain, among others.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.