XinFin, the company behind the XDC Network, was founded in 2017 and is based in Singapore. The platform's founders are Ritesh Kakkad, Atul Khekade, and Karan Bhardwaj. However, Bhardwaj resigned in 2018 to focus on his own startup, Elatior Tech. Ritesh Kakkad is a tech entrepreneur with extensive experience in the blockchain industry, while Atul Khekade is a skilled computer engineer and programmer who has been instrumental in the development of several technology companies. The XDC Network was launched as an EVM-compatible, layer 1 blockchain that is compatible with the global payment messaging standard, ISO 20022. The platform also launched the XDCPay app, a web extension that strives to simplify the user experience for investors and businesses.