The XDC Network supports digital smart contracts, which, among other things, can facilitate cross-border transactions and real-time settlement at nearly no cost to the user. The network also allows for asset digitization and tokenization. Distributed Applications (DAPPS) can be leveraged for various applications and business processes in supply chain, financing, procurement, distribution, and settlement. For example, Tradefinex is a marketplace platform that connects global participants of the trade and finance industry, enabling global contracting, financing, payments, and settlements through authorized financial institutions.