Citadel Securities-Backed Crypto.com Brings XYO and XL1 Into Regulated Custody

According to Crypto.com, the company's custody service now holds XYO and XL1 tokens in segregated MPC wallets for institutional and high-net-worth clients. Assets are protected through multi-party computation and stored in bankruptcy-remote entities, allowing clients to trade without moving funds to an exchange.

The custody deal comes weeks after Citadel Securities invested $400 million in Crypto.com at a $20 billion valuation in July 2026. In February 2026, the Office of the Comptroller of the Currency gave Crypto.com conditional approval to charter Crypto.com National Trust Bank, positioning the company alongside Bitgo, Circle, Ripple, and Paxos as a federally regulated trust institution.