Crypto.com adds XYO ecosystem tokens to its institutional custody services amid growing DePIN interest

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.