Deutsche Telekom (OTC:DTEGY), one of the largest telecom providers in Europe, has invested in blockchain payments platform Celo to support the development of decentralized finance.
The telecom giant has made a “significant purchase” of Celo’s native token CELO through its strategic investment fund, the Telekom Innovation Pool (NASDAQ:POOL), Celo announced Tuesday. The firm did not specify the size of the investment.