digital assets, including the eponymous TEL token. TELx, the decentralized liquidity engine powering Telcoin services, enables users to earn fees from global exchange activity. The upcoming Telcoin Network is an open Ethereum sidechain run, validated, and secured by mobile network operators (MNOs). Telcoin Group is headquartered in Singapore where its operating entity is licensed as a Major Payment Institution. The Group's subsidiaries are also registered as money services businesses in the United States, Canada, and Australia. Telcoin notably supported the Nebraska Financial Innovation Act to create digital asset depository institutions for state-chartered banks, which was signed into law in May 2021.