Crypto.com Secures Custody Deals With Axelar And Frax Amid Rising Institutional Demand
Crypto.com quietly picked up two meaningful partnerships this week, securing custody and liquidity roles for tokens from Axelar and Frax. Announced on Sept. 5 and Sept. 3, 2025, respectively, the deals are a clear sign that projects are increasingly choosing regulated, institutional-grade partners to hold and manage their tokens as they push for broader adoption.
On Sept. 5, Crypto.com said the Axelar Foundation will use Crypto.com Custody to safeguard AXL tokens, the assets Axelar uses for validator rewards, grants and other network operations. A few days earlier, Frax announced it had chosen Crypto.com to provide custody and liquidity support for FRAX and related assets on the Fraxtal chain. Both moves are practical:…
