Crypto.com has expanded its institutional custody services to support the native tokens of the XYO ecosystem — XYO and XL1 — as institutional demand for decentralized physical infrastructure networks (DePIN) grows. The integration, announced Monday, allows eligible institutional investors and high-net-worth clients to hold both tokens within Crypto.com Custody’s regulated environment.
The XYO Network uses a dual-token model: XYO secures and incentivizes data validation across its network of over 10 million nodes, while XL1 serves as the Layer-1 blockchain token powering transactions and operations. With the new custody support, clients can manage these assets without handling private keys, using segregated MPC wallets and cold storage built on a bankruptcy-remote structure.
“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.”
The move comes shortly after Citadel Securities invested $400 million in Crypto.com at a $20 billion valuation, fueling the exchange’s institutional push. Crypto.com also recently received conditional approval from the Office of the Comptroller of the Currency to establish a national trust bank, reinforcing its U.S. regulatory footprint. The XYO custody listing marks the first DePIN integration on Crypto.com Custody, a step that could accelerate institutional adoption of infrastructure-focused blockchain projects.
