German telecommunications giant Deutsche Telekom is expanding its Web3 services to the XDC Network, a blockchain focused on tokenized real-world assets (RWA), trade finance and decentralized physical infrastructure (DePin).
Deutsche Telekom Joins XDC Network as Infrastructure Provider in Digital Asset Expansion
This move, announced today, marks an important step in the company's digital asset push.
Deutsche Telekom MMS, Deutsche Telekom's subsidiary dedicated to cloud and internet infrastructure, will participate in the XDC Network as an infrastructure provider and operate a backup master node.
This type of node does not verify transactions by default, but is activated when the number of validator masternodes running falls below the required level of 108.
“This addition leverages our enterprise-grade infrastructure to enable secure blockchain-based applications with a focus on the financial sector,” said Dirk Röder, head of Deutsche Telekom MMS's web3 business.
This announcement is the latest example of Deutsche Telekom's increasing blockchain involvement. At the Bitcoin Prague conference last month, Röder announced that Deutsche Telekom MMS would begin mining Bitcoin (BTC). The company currently operates nodes on the Bitcoin and Lightning networks.
Deutsche Telekom also operates validators on various proof-of-stake blockchains, including Ethereum (ETH), Polygon (MATIC) and Polkadot (DOT).
The company also offers a staking service that allows customers to deposit tokens and earn rewards for maintaining the network.
*This is not investment advice.
