Crypto.com, the famous crypto exchange, has recently integrated XYO, a decentralized cryptographic proof network. With this development, Crypto.com is set to broaden its custody services for
Crypto.com, the famous crypto exchange, has recently integrated XYO, a decentralized cryptographic proof network. With this development, Crypto.com is set to broaden its custody services for institutional users. As Crypto.com revealed in its official announcement, XYO is joining it as the earliest DePIN network for institutional consumers. Hence, the development permits qualified high-net-worth individuals and institutional investors to use secure management and custody services for $XL1 and $XYO tokens via Crypto.com Custody.
XYO’s integration into Crypto.com as the first DePIN network underscores the platform’s wider strategy to fortify institutional-scale digital asset offerings. The move lets high-net-worth individuals as well as institutions manage and custody $XL1 and $XYO tokens by using Crypto.com Custody in a secure environment. It also improves $XYO’s accessibility for enterprise-scale liquidity and custody infrastructure.
The integration comes following Crypto.com’s initial institutional funding since 2016. Additionally, the partnership permits institutions, accredited investors, and family offices to use regulated custody options to hold $XL1 and $XYO. Users will additionally get the ability to swap their assets while leveraging direct access to the institutional liquidity of Crypto.com without the need to transfer assets onto any trading exchange.
Apart from that, Crypto.com Custody protects digital assets via multi-party computation wallets that are user-segregated. Additionally, it also uses cold storage, streamlined compliance processes, and clear audit trails for this purpose. The custody is poised to decrease operational risks in addition to permitting institutions to efficiently carry out trades without shifting assets from secure custody. As included in this partnership, $XL1 has effectively secured the earliest key exchange listing following the token sale, with its availability on Crypto.com. This move is anticipated to enhance market accessibility while supporting the unique institutional custody services.
Crypto.com’s Chief Operating Officer, Erics Anziani, said, “We are pleased to support XYO by ensuring their ecosystem is safeguarded with institutional-grade custody and ready for global scale.” Additionally, XYO’s Co-Founder, Markus Levin, asserted, “Working with one of the most trusted names in the industry positions XYO alongside the institutional players shaping what comes next, and gives builders and enterprises confidence in the foundation they’re building on.”
