Crypto.com has expanded its institutional custody services to include XYO and XL1 tokens from the XYO ecosystem, a decentralized physical infrastructure network (DePIN). This move allows eligible institutional investors and high-net-worth clients to securely hold these tokens through Crypto.com's custody platform without managing private keys, addressing regulatory concerns. The expansion follows Crypto.com's recent $400 million investment from Citadel Securities and its growing regulatory presence in the U.S., positioning the company to support a broader range of blockchain projects beyond Bitcoin and Ethereum. This development reflects increasing institutional interest in tokenization and DePIN networks, signaling broader adoption of diverse blockchain assets.
