Crypto.com has partnered with Axelar Foundation to manage the custody of AXL tokens, highlighting the growing demand for secure digital asset management solutions.
Crypto.com and Axelar Foundation Partnership
Crypto.com has been selected by Axelar Foundation for the custody of AXL tokens, underscoring the need for compliant and secure storage of digital assets.
Enhancing Security Standards for Institutional Investors
The cryptocurrency community has shown interest in how this partnership may influence security standards within the industry. Improved security could attract more institutional investors due to reliable infrastructure.
Historical Instances of Institutional Custody
Previous examples, such as the Solana Foundation's transition to institutional custody, suggest similar motives behind this partnership, improving compliance and accessibility for institutional participants.
The partnership between Crypto.com and Axelar Foundation may reshape asset custody standards and foster institutional investment, especially in the context of the growing interest in DeFi.
