Crypto.com Expands Institutional Custody to XYO After $20B Valuation

Crypto.com is expanding its institutional-grade custody services to include native tokens of the XYO ecosystem, a decentralized physical infrastructure network (DePIN), as institutional interest in infrastructure projects grows.

The custody expansion allows eligible institutional investors and high-net-worth clients to hold XYO ecosystem tokens through Crypto.com Custody, the company announced Monday.

Crypto.com said its custody platform will support both XYO and XL1, which are part of the XYO Network dual-token model. XYO secures and incentivises data validation across the network , while XL1 is the network's Layer-1 blockchain token that powers transactions and network operations.

"Digital asset organizations require a custodial solution that delivers both unmatched security and seamless liquidity," said Eric Anziani, President and COO of Crypto.com. "We are pleased to support XYO by ensuring their ecosystem is safeguarded with institutional-grade custody and ready for global scale," he added.

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