XYO secures institutional custody and liquidity support from Crypto.com for XYO and XL1 tokens.
Ecosystem ·
XYO has selected Crypto.com to provide institutional custody and liquidity support for its XYO and XL1 tokens. The arrangement pairs the geolocation network project with Crypto.com's infrastructure for managing and trading digital assets at the institutional level.
Crypto.com operates as a global cryptocurrency platform offering exchange, custody, and related services across multiple jurisdictions. The partnership extends the platform's custody and liquidity capabilities to support XYO's tokenized ecosystem, enabling institutional participants to secure holdings and access trading venues for both tokens.
The scope of the custody arrangement and any exclusivity terms remain unclear. Details on whether Crypto.com's liquidity support includes market-making commitments or other specific mechanisms have not been disclosed.