Crescite 2024 Year in Review: A Transformative Year of Vision, Innovation, and Impact
As we reflect on 2024 and look forward to 2025, Crescite stands at the forefront of innovation, having achieved significant milestones that have propelled us closer to realizing our vision of technological advancement, global economic empowerment, and faith-based impact. Last year was nothing short of transformative, with Crescite delivering on its mission to leverage blockchain technology for meaningful change across industries, regions, and communities. By harmonizing innovation with purpose, we have cemented our role as a leader in tokenization, digital assets, sustainable finance, and content creation, all while staying deeply rooted in our values.
From the launch of the Crescite token on XDC Network, which serves as a multifunctional governance and utility token, to pioneering groundbreaking public-private partnerships, 2024 was a year of firsts. The Crescite token’s integration into a decentralized ecosystem has unlocked a range of capabilities, including onramp and offramp solutions with USDC, staking rewards through validator nodes, and support for ESG-driven security tokens. These advancements reflect our steadfast commitment to blending cutting-edge technology with real-world utility, creating a platform that is as impactful as it is innovative.
In 2024, Crescite led the charge in tokenizing real-world assets through collaborations with global financial powerhouses like Citi and Securitize. Additionally, our 20-year exclusive agreement for the construction of Africa’s largest library underscored our dedication to education, accessibility, and cultural enrichment, while fostering global partnerships with institutions such as Notre Dame, Georgetown, and Oxford.
Crescite also expanded its influence in decentralized finance (DeFi) by laying the groundwork for validator nodes on Avalanche, with deployments planned for 2025. Our 1,031-node governance model reflects our unwavering focus on decentralization, ensuring that stakeholders have a say in shaping the future of our ecosystem. Meanwhile, the development of our subnet on Avalanche, aligned with ISO20022 standards, showcases our commitment to bridging the gap between blockchain technology and traditional financial systems, unlocking new possibilities for global trade and asset tokenization.
2024included
Crescite’s progress on faithbased innovation with projects that celebrate cultural and spiritual heritage. The upcoming Acutis Game™, which brings to life in the metaverse pivotal moments in Catholic history, stands as a testament to our creative vision and mission-driven approach. This project, along with the introduction and implementation of the Crescite token, highlights Crescite’s ability to merge storytelling, education, and technology into a singular experience that resonates with diverse audiences.
Our focus on sustainability and ESG principles drove the successful launch of our first ESG token, which is paving the way for future security tokens built on the XDC Network and Avalanche. With tokenized debt facilities and Treasury-backed tokens offering stability and reliability, Crescite is helping to define the future of finance. Furthermore, our $50 million venture studio fund for supply chain tokenization in stealth with a major university has laid the groundwork for tackling systemic gaps in global trade, particularly by addressing education access, trade barriers, and economic inequality.
2024 also saw Crescite solidify its operational foundations, with a refined DAO structure and strategic investments into U.S. Treasury securities, designed to ensure both financial stability and longterm growth. These initiatives are complemented by our roadmap, which includes plans for launching Crescite token trading, the scaling of validator nodes, and continuous tokenization of realworld assets.
Through it all, Crescite has remained committed to its ethos of championing innovation, empowering underserved communities, and creating economic prosperity at the local and global levels. As we celebrate the progress made last year, we look forward to an even more ambitious 2025, driven by the same values, vision, and tenacity that have guided us since the beginning.
Karl Kilb
Eddie Cullen Chairman, Crescite CEO, Crescite
Here are some highlights from 2024
Crescite announces its founding membership of the USAUAE Alliance. The collaboration between Georgetown classmates produced two groundbreaking regulatory events held in Washington DC and Dubai, UAE.
Ammon Simon, Chief Counsel, Senate Committee on Banking, Housing, and Urban Affairs, and Andy Blocker, Global Head of Public Policy and Strategic Partnerships
Crescite CEO Edward Cullen, SEC Commissioner Hester Peirce and Crescite Chairman Karl Kilb
SEC Commissioner Hester Pierce and Crescite CEO Eddie Cullen
Eddie Cullen named a Mentor for the University of Pennsylvania Entrepreneurship Program.
Chairman Karl Kilb speaking at Young Catholic Professionals event in February at The Sheen Center for Thought & Culture in NYC. The discussion focused on the interaction of faith and finance, career building, ethics in the workplace, and work-life balance.
Co-Founder and CEO Eddie Cullen is nominated to become a Knight of the Pope. Eddie was chosen to become a Knight under Pope Francis due to his unwavering dedication to his faith, his service to the global community, and his commitment to fostering Christian values through his innovative work. As a digital asset CEO focused on Christian-based projects, Eddie has utilized his talents to bridge faith and innovation, empowering communities through sustainable, faith-driven economic initiatives. His role as a leader, rooted in humility and service, echoes his family’s legacy of courage and sacrifice, most notably his grandfather and seven brothers who fought valiantly in World War II. Eddie’s devotion to Catholic principles is further exemplified by his efforts to immortalize key moments in Catholic history through the Acutis Game™, a metaverse project celebrating the lives of saints and promoting spiritual reflection. Additionally, his leadership in establishing Hekima University in Molo, Kenya—a premier STEM institution— demonstrates his commitment to advancing education and opportunity in underserved communities. His life is a testament to living faith in action, making him a deserving candidate for this sacred recognition.
The ceremony will be held on October 11, 2025, at St. Patrick’s Cathedral at 2 PM.
Photograph by Mike Peel
Crescite launched the USA-UAE Alliance through a collaboration between Georgetown Classmates Eddie Cullen and Michael Amatulli. The first event was held at Georgetown University on January 26, 2024, with SEC Commissioner Hester Peirce and Crescite CEO Eddie Cullen interviewed by TechCrunch.
The second groundbreaking event was held in Dubai, United Arab Emirates. We featured 50 of the highest-level players in blockchain, ranging from the CEO of the Virtual Asset Regulatory Authority to the CEO of the Dubai International Financial Center.
The Microsoft Auditorium at Strathmore University, a key collaborator for Hekima University, showcasing innovative technology in Nairobi, Kenya.
Eddie Cullen, Crescite CEO; Fr. Odomaro Mubangizi, Vice Chancelor for Academic Affairs for Hekima University; Vice President of Communications for the Catholic University of Eastern Africa after a number of meetings follow touring the campus in Nairobi, Kenya
At the USA-UAE Alliance event, the founders of XDC Network Atul Khekade signed a groundbreaking MOU with Crescite Innovation Corporation furthering growth on the XDC Network.
April
The University of Notre Dame and Crescite Innovation Corporation signed a memorandum of understanding to collaborate on research, prototyping, and blockchain competitions. The partnership aims to combine Web 3.0 technologies with traditional religious organizations to create social impact.
Crescite visits Hekima University in Kenya to finalize the constructs of a groundbreaking agreement.
Kamau Martin Waweru, Headmaster, Loyola High School Tanzania; Eddie Cullen, CEO Crescite; Ambassador Michael Battle, Ambassador from the United States to Tanzania; Fr. Odomaro Mubangizi, Vice Chancellor of Academic Affairs in Hekima University; Jeanne Clark, Foreign Service Officer, United States Department of State
Kamau Martin Waweru, Headmaster, Loyola High School Tanzania; Eddie Cullen, CEO Crescite; Fr. Odomaro Mubangizi, Vice Chancellor of Academic Affairs in Hekima University standing at Loyola High School in Dar Es Salaam, Tanzania.
May
Crescite signs historic 20year agreement with Hekima University to build the first Jesuit University in Africa. From tokenization exclusivity to investments and STEM education, as well as a worldclass library, Hekima is poised to lead the African continent in education.
Crescite featured on the Home Page of Product Hunt:
June
The progress of blockchain technologies and decentralized finance (DeFi) could be accelerated thanks to a new agreement that proposes to leverage them at every stage.
With 75 acres of land in Bahati, Molo, Hekima University plans to build a new, state-of-theart campus with assistance from Crescite Innovation Corporation, an organization that delivers impact-driven innovation and economic activity with decentralized technologies. Its global ecosystem has a strong focus on scientific governance and includes its Catholic token.
According to the agreement between Crescite and Hekima, the new campus would act as a catalyst for the development of blockchain solutions aided by plans for the largest library in Africa featuring a tokenization research facility.
Crescite Commissioner Chairman
Crescite signs collaboration with Securitize, the leading provider in Tokenization, to become the token transfer agent for the Hekima project
Pope Francis names Blessed Carlo Acutis as the first millennial Saint, with canonization set for April 2025
Areport from Yahoo has comments from Karl P. Kilb III explaining why Blessed Carlo Acutis was chosen as the main character of the game illustrating Catholic history and values:
“During his life, Blessed Carlo enjoyed video games and saw the internet and new technologies as a means of documenting and spreading faith. We want to help further his mission with exciting virtual reality experiences, video games, and other multimedia content designed to educate, evangelize, and enhance faith.”
Karl works closely with Fr. Ian VanHeusen and our team on the Acutis Game™ and other Catholic content.
US-Mexico Economic Corridor powered through tokenization to realize security, sustainability, and prosperity. The Picture above is from a previous Visting Scholar position for Eddie Cullen.
Crescite launches tokenization roadmap phase to launch a binational tokenization collaboration in January 2025 between California, Arizona, New Mexico, Texas, and the country of Mexico.
Eddie Cullen touring SPACEX facilities in Brownsville, Texas on the United States – Mexico Border
Eddie Cullen at the EL Paso, Texas Point of Entry on the United States –Mexico Border
October
August
Crescite signs on Citibank for an expansive relationship to further Digital Asset and Higher Education work with the Jesuits at global scale:
September
Crescite signs an institutional agreement to back the Crescite
with Benji
from Franklin Templeton.
TheBenji Token is a digital asset launched by Franklin Templeton, representing shares in its OnChain U.S. Government Money Fund, which primarily invests in U.S. Treasury securities, government agency securities, and repurchase agreements. It leverages blockchain technology for enhanced transparency, efficiency, and real-time settlement, operating on the Stellar blockchain. Investors can use the token for transactions within digital ecosystems or hold it as a stable, low-volatility investment tied to a government money market fund. The Benji
Token combines traditional asset management principles with the innovative capabilities of distributed ledger technology. Its focus is on providing an accessible, secure, and efficient solution for digital investors seeking a reliable, blockchain-powered financial instrument.
token
Token
Karl Kilb, Chairman, Crescite; Fr. Endashaw Debrework, Hekima University; Eddie Cullen, CEO, Crescite as VIP Guests of Citi at the 2024 Citi Commercial Bank Nonprofit Summit at the Global Citi headquarters in New York City.
Golubov, Crescite Collaborator and Vice President of Partnerships for Benji Token at Franklin Templeton speaking on his vision at the Avalanche Summit in Buenos Aires, Argentina
November
Karl Kilb moderates Young Catholic Professionals event in NYC on courage and Catholic values in the workplace
December
Crescite defines its utility in building a state-ofthe-art Layer 1 with Avalanche and XDC Network.