If you want to put "sensitive" data in our database then you can use Crypt Facade and handle these using accessors and mutators.

namespace App\Models;

use Illuminate\Database\Eloquent\Model;
use Illuminate\Database\Eloquent\Casts\Attribute;
use Illuminate\Support\Facades\Crypt;

class CloudProvider extends Model
{
    protected function apiToken(): Attribute
    {
        return Attribute::make(
            set: fn ($value) => Crypt::encryptString($value),
            get: fn ($value) => Crypt::decryptString($value),
        );
    }
}

Thanks to @thkafadaris for the idea.