Article: Deutsche Telekom Invests in Public Blockchain Network Celo

API, Money, Open Governance, Open Infrastructure

Deutsche Telekom Invests in Public Blockchain Network Celo

Deutsche Telekom is investing in the future of the decentralized financial economy – with a significant purchase of Celo’s native asset (CELO). Celo is an open-source blockchain ecosystem focused on making decentralized financial (DeFi) systems and tools accessible to anyone with a smartphone. Deutsche Telekom will be the first telecommunications company to join the global Celo Alliance for Prosperity.

“Our investment in CELO, combined with infrastructure operated by T-Systems, allows our company to take a strategic approach to participating in a public blockchain network. We are able to secure the Celo network with our investment and our own cloud infrastructure while facilitating user onboarding and use-case development on top of the Celo network,” says Adel Al-Saleh, Member of the Board of Management of Deutsche Telekom AG and CEO of T-Systems.

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