Crypto.com Custody is now offering institutional-grade custody and liquidity services for XYO and XL1. The move marks XL1's first listing on a major exchange since its token sale. The service is backed by Citadel Securities, giving eligible institutions and high-net-worth clients a way to store, manage, and swap both tokens without moving assets onto an exchange first.
First major exchange listing for XL1
XL1's token sale happened some time ago, but until now it hadn't landed on a major exchange. Crypto.com Custody changes that. The firm's custody arm will hold the tokens and provide liquidity, meaning institutions can trade without the usual exchange-based friction. For a token that's been off the radar of big platforms, this is a concrete step into the mainstream.
Custody and liquidity without the exchange hop
The pitch is straightforward: institutions and wealthy individuals can keep their XYO and XL1 in custody and still swap them. No need to transfer to a hot exchange wallet, no extra counterparty risk. Crypto.com Custody handles the storage and the trade execution in one place. That's a workflow a lot of funds have been asking for.
Backed by Citadel Securities
Citadel Securities is providing the liquidity backbone. That's a big name in traditional market making, and its involvement signals that this isn't a small pilot. For XYO and XL1 holders, it means deeper order books and tighter spreads than what you'd get from a typical over-the-counter desk. The arrangement also gives Crypto.com Custody a credibility boost as it competes for institutional business.
The service is live now. No word yet on whether more tokens will be added, but the infrastructure — custody plus liquidity plus a major market maker — is a template that could scale.
