Crypto.com expands custody for XYO and XL1 tokens
6.6 Investments Crypto.com now offers institutional custody and liquidity for XYO and XL1 tokens, enhancing secure access and management for institutional clients.
Crypto.com has integrated XYO, a decentralized cryptographic proof network, into its institutional custody platform. This enables eligible institutional investors and high-net-worth clients to securely manage and custody XYO and XL1 tokens through Crypto.com Custody. The partnership aims to deliver institutional-grade custody and liquidity services, enhancing accessibility and security for XYO ecosystem tokens among enterprises, family offices, and other institutional clients. Assets are held in segregated MPC wallets within a bankruptcy-remote entity, ensuring robust private key protection. This initiative focuses on service support, specifically custody and liquidity, rather than a product launch. It aligns with Crypto.com’s broader strategy to expand its institutional digital asset offerings, following recent progress in institutional funding and regulatory compliance.
