Deutsche Telekom joins the XDC Network, focusing on the RWA and DePIN sectors as an infrastructure provider

2024-07-25 15:07:32

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ChainCatcher news, Deutsche Telekom's subsidiary announced on Thursday that it will expand its Web3 services to the XDC Network (XDC), a blockchain focused on tokenizing RWA, trade finance, and DePIN.

Deutsche Telekom MMS, dedicated to cloud and internet infrastructure, joins the network as an infrastructure provider and will operate a backup master node. This type of node does not validate transactions on the blockchain by default but will be called upon if the number of operating validator master nodes falls below the required level of 108.

Dirk Röder, head of the Web3 division at Deutsche Telekom MMS, stated: "This initiative leverages our enterprise-grade infrastructure to enable secure blockchain-based applications, with a focus on the financial sector."

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