BlockBeats News, September 11th, according to official sources, Crypto.com has announced that the Layer 1 blockchain Plasma has selected Crypto.com Custody to provide digital asset custody and liquidity services.
Through this integration, institutions can custody Plasma blockchain's native token XPL, which is used for transactions and rewarding validation nodes. Institutions are able to automatically deposit the tokens into the regulated vault, while also having instant access to Crypto.com's liquidity pool, enabling fast, reliable, and low-cost token swaps.