Crypto.com provides custody solutions to Axelar Foundation and Frax
Crypto.com, a major cryptocurrency exchange, has forged two new institutional partnerships with the Axelar Foundation and Frax, according to the information shared with Finbold on Monday, September 8. As part of the deal, the exchange will provide Axelar Foundation with custody support for AXL, the native token of the cross-chain network. At the same time, Frax will use Crypto.com’s custody solutions to secure and manage FRAX, its own native asset and gas token on the Fraxtal blockchain. The two collaborations underscore Crypto.com’s role as a leading provider of high-grade security, compliance, and liquidity solutions to institutional clients. “Institutional custody is a critical component of any digital asset strategy. We’re honored to support Axelar with secure infrastructure that meets the highest standards of compliance and operational integrity,” said Eric Anziani, President and COO of Crypto.com, Crypto.com leads in custody services ...