Deutsche Telekom Joins RWA-Focused XDC as Infrastructure Provider in Digital Asset Push
The company already runs nodes on multiple blockchain networks and is considering bitcoin mining, its web3 head revealed last month at a conference.
Deutsche Telekom will operate a standby masternode for XDC network.
The telecom giant already runs nodes on other blockchains including Ethereum, Polygon and Polkadot.
German telecommunications giant, Deutsche Telekom's subsidiary announced on Thursday that it will expand its Web3 services to the XDC Network (XDC), a blockchain focused on tokenized real-world assets (RWA), trade finance and decentralized physical infrastructure (DePin).
Deutsche Telekom MMS, dedicated to cloud and internet infrastructure, joined the network as an infrastructure provider and will operate a standby masternode. This type of node does not validate transactions on the blockchain as default, but will be called into action if the number of operating validator masternodes drop below the required level of 108.
"This addition utilizes our enterprise-grade infrastructure to enable secure blockchain-based applications, with a focus on the finance sector," said Dirk Röder, head of Deutsche Telekom MMS's web3 unit.
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