According to TechFlow, Deutsche Telekom MMS, a subsidiary of Deutsche Telekom, announced on Thursday that it will expand its Web3 services to XDC Network, a blockchain focused on tokenized physical assets, trade finance and decentralized physical infrastructure.
Deutsche Telekom MMS will join the network as an infrastructure provider and operate a backup masternode. Dirk Röder, head of the company’s Web3 department, said the move will leverage its enterprise-grade infrastructure to support secure blockchain applications, with a focus on the financial sector.
This is Deutsche Telekom's latest layout in the blockchain field. The company has previously announced that it has started Bitcoin mining and operates nodes and validators on multiple mainstream 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 dollar stablecoins as well as tokenized physical assets.
