EN ▼
Favorites
My Favorites
View All
Market Cap Price 24h%

Disclaimer: Content does not constitute investment advice. Trading involves risks—please invest with caution!

Crypto.com expands institutional hosting services to XYO after valued at US$20 billion

2026-07-28 12:15:58
Bookmark

Crypto.com expands hosting services to support XYO ecosystem native tokens

As institutions become increasingly interested in infrastructure projects, Crypto.com is expanding its institution-level hosting services to include XYO ecosystem native tokens. XYO is a decentralized physical infrastructure network (DePIN).

The company announced on Monday that the escrow extension will allow eligible institutional investors and high-net-worth customers to hold XYO ecosystem tokens through the Crypto.com escrow platform.

Crypto.com said its hosting platform will support both XYO and XL1 tokens, which are part of the XYO network's dual token model. XYO is responsible for ensuring and providing incentives for data verification in the network, while XL1 is the network's Layer-1 blockchain token used to drive transactions and network operations.

Eric Anziani, President and Chief Operating Officer of Crypto.com, said: "Digital asset organizations need a hosting solution that provides unmatched security while achieving seamless mobility. We are excited to support XYO, secure its ecosystem through institution-level hosting, and prepare for its global expansion."

This escrow support provides a compliance way for institutions, businesses, family offices and family funds that already hold assets on Crypto.com to add XYO and XL1s without having to manage their own private keys-a requirement that has prevented many regulated configurators from holding tokens outside the custodian support list. The company added that customer assets will be stored in a quarantined MPC wallet within a quarantined entity in bankruptcy, allowing institutions to trade through their institutional platforms with their assets under custody unchanged.

XYO operates as the first DePIN network and is also a blockchain project with more than 10 million nodes.

Citadel supports institutional business expansion at Crypto.com

Earlier this month, Citadel Securities invested $400 million in Crypto.com, valued at $20 billion, providing new funding to expand its institutional business, including tokenized securities and derivatives.

This financing comes at a time of broader transformation in the institutional crypto market. After years of focusing primarily on Bitcoin and Ethereum, institutional infrastructure providers are increasingly supporting the broader blockchain ecosystem as tokenization, DePIN, and artificial intelligence-related blockchain projects gain attention.

In the field of tokenization, BlackRock's BUIDL and Ondo Finance's tokenized treasury bonds products have helped introduce traditional financial assets into the chain, while platforms such as Securitize have promoted billions of dollars in tokenized assets.

Crypto.com deepens U.S. regulatory layout

This hosting expansion also follows the growing supervision of Crypto.com in the United States. Earlier this year, the company received conditional approval from the Office of the Comptroller of the Currency to form Crypto.com National Trust Bank, becoming one of the few crypto companies seeking a federally regulated trust structure to provide institutional custody services.

Last year, Sony Electronics Singapore also partnered with Crypto.com to enable USDC payments in its online store, allowing customers to directly use stablecoins pegged to the U.S. dollar to purchase electronic products.

In addition to its integration with Sony, the exchange continues to expand its institutional and consumer offerings, including plans to launch cryptocurrency-focused ETFs in partnership with Trump Media and expand crypto payment options to more mainstream companies.

Disclaimer:

All content published on this website, including hyperlinks, related applications, forums, blogs, and other media accounts, originates from third-party platforms and their users. CoinMarketInsight makes no representations or warranties of any kind regarding the website or its content. All blockchain-related data and materials are provided for informational and research purposes only and do not constitute financial, legal, or investment advice. Users and third parties are solely responsible for the content they publish. CoinMarketInsight shall not be liable for any losses arising from the use of this website. You should exercise caution and conduct your own independent research, review, analysis, and verification before making any decisions.

Read Full Article
More News
TOP

TOP