XDC Network, the layer-1 blockchain for payments, real-world asset tokenisation, and decentralised physical infrastructure networks, is teaming up with Latin America’s crypto exchange, Bitso, to power cross-border payments across the US-Mexico market.

The enterprise-grade Ethereum Virtual Machine-compatible blockchain, XDC Network, which aims to modernise financial infrastructure, announced a major partnership with Bitso on May 29, 2025.

In particular, the collaboration is set to tap into Bitso Business’ infrastructure that includes robust on/off ramps that boast major traction across the LATAM region.

It’s a milestone that comes a few days after XDC Network revealed its integration with Utila, a platform designed to help securely manage and build solutions on digital assets.

Utila’s integration will allow institutions to custody and manage assets as well as build on the XDC Network leveraging the platform’s digital asset operations platform.

For its partnership with Bitso, XDC is targeting a remittance market worth over $63 billion in inbound transfers.

Mexico is the world’s second-largest inbound remittances market, while the United States is the global leader for outbound remittance volume. 

Collaboration will allow XDC to tap into the vast potential for expansion across this cross-border payments corridor, with its solution helping to power growth for thousands of small and medium enterprises.

The initiative will also benefit millions of individuals, whose lives depend on payments across the US-Mexico corridor.

“This partnership with Bitso Business marks a major leap toward our mission of bridging traditional finance with blockchain efficiency. Together, we’re delivering faster, fairer cross-border transfers that solve real-world challenges in global remittances and SME trade,” said Amitava Mandal, lead ecosystem development at XDC Network.

Among the key benefits users will receive through the XDC-Bitso partnership are low-cost remittances with near-instant settlement and multi-currency support, including USD to MXN and vice versa conversions via Bitso’s LATAM liquidity solution.

Enterprise integration also means SMEs and fintechs in Mexico can pay suppliers or employees in the US.

XDC Network’s EVM-compatible blockchain has experienced notable growth in adoption across over 100 countries, with the global trend of real-world asset (RWA) tokenisation being a key driver.

Per DeFiLlama, the total value locked in decentralized finance protocols on XDC currently stands at over $16.7 million.

The native token XDC reached an all-time high price of $0.19 in 2021 and has since struggled to gain major upside.

According to data from CoinMarketCap, the token traded at around $0.062, down 13% over the past week and more than 20% down in the past month.

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