TechFlow reported that Deutsche Telekom MMS, a subsidiary of Deutsche Telekom, announced on Thursday its expansion of Web3 services to the XDC Network, a blockchain focused on tokenizing real-world assets, trade finance, and decentralized physical infrastructure.
Deutsche Telekom MMS will join the network as an infrastructure provider and operate a standby master node. Dirk Röder, head of the company's Web3 division, said the move aims to leverage its enterprise-grade infrastructure to support secure blockchain applications, with a focus on the financial sector.
This marks Deutsche Telekom's latest move in the blockchain space, following previous announcements of its foray into Bitcoin mining and operating nodes and validators across multiple major blockchain networks, including Bitcoin, Ethereum, Polygon, and Polkadot.
XDC is an Ethereum Virtual Machine-compatible Layer-1 blockchain that claims to offer fast transactions and "near-zero" gas fees, supporting euro and U.S. dollar stablecoins as well as tokenized real-world assets.
