German Telecommunications Giant Deutsche Telekom Announced Its Joining of This Blockchain Network! Here Are the Details

German telecommunications giant Deutsche TelekomWeb3 is expanding its 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 for Digital Asset Expansion

The move, announced today, marks a significant step in the company’s digital asset push.

Deutsche Telekom MMS, the subsidiary of Deutsche Telekom 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 working validator masternodes 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 unit.

The announcement is the latest example of Deutsche Telekom’s growing involvement in blockchain. At the Bitcoin Prague conference last month, Röder announced that Deutsche Telekom MMS would begin mining Bitcoin (BTC). The company already 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 stake tokens and earn rewards for maintaining the network.

*This is not investment advice.