Crypto.com has launched its institutional-level custody product in collaboration with the Sei Network, aimed at improving the security and management of Sei’s native SEI tokens for institutional and high-net-worth clients. This partnership is part of Sei’s strategy to expand institutional access to its ultra-fast blockchain environment, known for its efficacy in the digital asset markets.
The Crypto.com Custody solution offers a secure, regulated environment tailored to meet the needs of institutional clients, employing institutional-grade cold storage to ensure the safety of funds related to validator incentives, treasury management, and ecosystem development. Crypto.com positions this service as part of its mission to deliver end-to-end solutions, reinforcing its reputation as a trustworthy provider of compliant digital asset custody.
Eric Anziani, the President and COO of Crypto.com, underscored the importance of custody solutions in the development of blockchain ecosystems. He emphasized that the scaling of these ecosystems hinges on robust institutional custody, expressing optimism in contributing to the Sei Network’s commitment to establishing a secure infrastructure that supports high-frequency, low-latency applications while maintaining compliance and operational integrity.
Sei has gained recognition as a high-speed Layer 1 blockchain, processing billions of transactions since the launch of its mainnet in 2023. Currently serving over 45 million wallets, Sei is undertaking a V3 Giga upgrade on its Devnet, which aims to innovate a new scaling model for Ethereum without compromising the performance advantages that Sei offers.
The partnership with Crypto.com Custody is expected to make Sei more appealing to traditional institutional players who prioritize regulatory compliance and robust security in digital asset management. Justin Barlow, Executive Director of the Sei Development Foundation, highlighted the positive implications of the integration, stating that the addition of such an institutional-grade custody provider enhances the opportunities for institutional investors to engage with the Sei Network safely and within regulatory frameworks.
Beyond facilitating the acquisition of SEI tokens, this collaboration aims to boost institutional participation within the Sei ecosystem. Institutions can now safely access the network’s high-performance infrastructure without concerns about asset security. This integration is anticipated to serve as a catalyst for increased applications of the Sei blockchain in decentralized exchanges, trading infrastructures, and other high-frequency trading scenarios.
Founded in 2016, Crypto.com has garnered the trust of millions globally, establishing itself as a frontrunner in compliance, security, and privacy within the crypto industry. Its long-term vision revolves around making cryptocurrency accessible in every wallet, underpinning its initiative to expedite cryptocurrency integration worldwide.
On the other hand, Sei is carving out its niche in the blockchain space, noted for its speed and scalability. Backed by notable investors including Multicoin, Jump, and Coinbase Ventures, Sei is broadening its reach within the digital asset economy.
Together, Crypto.com and Sei are committed to fulfilling the institutional requirements while advancing the infrastructure of next-generation blockchain technology.
