Crypto.com Custody will provide institutional-grade custody and liquidity services for XYO and XL1, the company announced Monday, marking XL1’s first listing on a major exchange since its token sale.
Key Takeaways
Crypto.com Custody now holds XYO and XL1 in segregated MPC wallets for institutional clients.Citadel Securities invested $400 million in Crypto.com at a $20 billion valuation in July 2026.The OCC gave Crypto.com conditional approval for a national trust bank charter in February 2026.The deal gives eligible institutions and high-net-worth clients a regulated path to store, manage, and swap both tokens without moving assets onto an exchange first.
A Custody Structure Built Around SegregationAccording to the announcement shared with Bitcoin.com News, assets will sit in client-segregated MPC wallets held by a bankruptcy-remote entity. Private keys are protected through multi-party computation that runs inside trusted execution environments.
Executives Frame the Deal as a Foundation Play“Digital asset organizations require a custodial solution that delivers both unmatched security and seamless liquidity,” said Eric Anziani, President and Chief Operating Officer of Crypto.com. He added that the arrangement is meant to keep the XYO ecosystem “safeguarded” and “ready for global scale.”
XYO Co-Founder Markus Levin explained that the relationship started when XYO first listed on Crypto.com’s exchange and grew from there. “As we build out infrastructure for AI, robotics, and decentralized machine intelligence, having our digital assets XYO and XL1 backed by enterprise-grade security is essential,” Levin remarked.
Citadel Securities’ $400M Bet Adds ContextIn February 2026, the Office of the Comptroller of the Currency (OCC) gave Crypto.com conditional approval to charter Crypto.com National Trust Bank, putting it alongside Bitgo, Circle, Ripple, and Paxos among firms cleared to run federally regulated trust institutions. Its existing custody arm, Crypto.com Custody Trust Company, remains a qualified custodian under the New Hampshire Banking Department.
What XYO and XL1 Actually DoXYO, founded in 2016, runs one of the largest consumer DePIN networks in operation, with more than ten million nodes producing verifiable, real-world data used in AI, robotics, logistics and physical infrastructure. XL1 handles transactions, gas fees, and blockchain infrastructure for that specific network.
What This Means for Institutions
