Crypto.com Bolsters Institutional Infrastructure with XYO Network Integration

Crypto.com has strengthened its institutional crypto infrastructure by integrating the decentralized XYO network into its custody service. With this integration, qualified users can now manage $XYO and $XL1 tokens within the platform's regulated environment.

The addition of XYO to Crypto.com Custody represents the incorporation of the first Decentralized Physical Infrastructure Network (DePIN) into the company's institutional custody service.

The technical system implemented by Crypto.com Custody employs Multi-Party Computation (MPC) wallets, which are complemented by cold storage and streamlined compliance processes. This architecture aims to mitigate the risks associated with private key management.