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Crypto.com has partnered with Pineapple Financial to provide custody and staking infrastructure for its INJ treasury.
Golden Finance reports that Crypto.com has established a strategic partnership with the publicly listed company Pineapple Financial Inc. on the New York Stock Exchange (NYSE). According to the agreement, Crypto.com will become the primary custody service provider for Pineapple and will provide stake support for its digital asset reserves valued at 100 million dollars, priced in INJ (Injective Token, current fall of 1.81%). As part of the protocol, Pineapple will securely store its held INJ Tokens using Crypto.com's regulated custody infrastructure. At the same time, Crypto.com will also provide native staking services for these Tokens, helping Pineapple implement long-term locking of the Tokens and generate returns on the staked assets.