Crypto.com has announced its integration of Sei’s native token, SEI, into its institutional custody network, bolstering security and compliance for businesses and merchants managing their digital assets. This strategic move allows institutions to manage SEI effectively, facilitating ecosystem growth, treasury management, and staking opportunities.
The partnership aims to build user trust while unlocking new potentials for validators, funds, and treasuries within the Sei blockchain. Crypto.com Custody is known for providing advanced custody services to major institutions and affluent clients, and the inclusion of Sei’s capabilities enhances this offering.
In a recent statement, Crypto.com’s Chief Operating Officer and President, Aric Anziani, emphasized the importance of institutional custody in scaling blockchain ecosystems. He expressed enthusiasm for supporting the Sei Network’s mission to power high-frequency, low-latency applications, underlining the need for secure infrastructure that adheres to high standards of compliance and operational integrity. This aligns with Crypto.com’s broader vision of establishing a compliant crypto infrastructure backbone for finance and trading platforms.
Since its mainnet launch in 2023, Sei has emerged as a significant player in the Layer 1 sector, focusing on on-chain finance and fast trading capabilities. The Sei Network currently supports nearly 50 million wallets and has processed billions of transactions. Recent integrations, such as with PayPal’s stablecoin, signify a growing institutional interest in the network, which necessitates robust security, particularly as staking activity intensifies.
Messari has reported that SEI stakers are experiencing positive yields for the first time, indicating the blockchain’s healthy development. Crypto.com Custody provides peace of mind with its innovative tools, offering compliant, institutional-grade cold storage solutions that empower large-scale investors to manage SEI assets with minimized risks.
The Sei Development Foundation’s director, Justin Barlow, characterized Crypto.com’s engagement as a significant milestone toward broader adoption. He expressed excitement over the partnership, seeing it as an opportunity for institutional investors to interact securely and in a regulated environment with the Sei Network. Barlow’s remarks reflect a broader trend of blockchain networks integrating stringent security and compliance measures to provide institutional-grade services.
As the Sei Network gears up for the upcoming V3 Giga upgrade, it aims to roll out innovative scaling solutions optimized for Ethereum-compatible applications. This upgrade is designed to facilitate 200,000 transactions per second (TPS) and achieve finality in under 400 milliseconds, positioning Sei as a frontrunner in scalability and performance.
Despite a decrease in SEI’s price—down nearly 4% to $0.3254 over the past 24 hours amid a broader market downturn—analysts remain optimistic about a recovery in the near future, particularly with potential institutional use cases driving further growth. The Sei Network could see significant escalations in liquidity and validator participation as the market dynamics shift and build towards potential bullish trends in the coming months.
