Crypto.com Expands Institutional Crypto Services with Global Custody Launch

Crypto.com Custody is set to launch its global market services, marking a significant step in the company's expansion into the institutional cryptocurrency sphere. The platform, which has over 100 million customers worldwide, is now offering institutional-grade custody services to clients in the United States, Canada, and Singapore.

The new services, designed specifically for institutional clients, leverage the same robust technology that has protected the Crypto.com platform since its inception. They aim to provide safe and reliable custodial solutions for virtual assets, enhancing protection and compliance for digital assets.

Crypto.com Custody is operated through two main entities: Custody Trust Company, a Qualified Custodian chartered by the New Hampshire Banking Department, and Crypto.com Custody Singapore, supervised by the Monetary Authority of Singapore. Assets in custody are securely stored within segregated client multi-party computation (MPC) wallets.

Kris Marszalek, Co-founder and CEO of Crypto.com, stated, "Safety and security have always been core pillars of our offering. We have invested heavily in building and enhancing our capabilities and offerings without compromising the integrity of our platform." The institutional custody offering is a significant step towards providing the most comprehensive digital asset platform for clients.

The platform offers a proprietary MPC implementation that provides private key protection, including randomization and execution in TEE for maximum security of clients' assets. It fully complies with international standards for anti-money laundering and countering the financing of terrorism.

Crypto.com Custody employs comprehensive insurance policies to manage risks, including cyber insurance, tech errors and omissions insurance, and cold wallet insurance. These measures provide added comfort to clients when working with digital assets.

The new custodial services offer an unmatched level of security and ensure smooth trading with the company's institutional products, providing institutional clients with an all-rounded solution for the safekeeping of their assets.