Crypto.com and VerifiedX (VFX) Network (VerifiedX.io), a network of people and a global leader in self-custody and Web3 wallet infrastructure, today announced that Crypto.com will offer VerifiedX’s secure institutional-grade custody and liquidity support and OTC trading capabilities for $1.5 billion in assets.
Through this partnership, eligible institutions leveraging VerifiedX will be able to securely store, manage, and trade digital currencies using Crypto.com’s regulated, institutional-grade custodial platform. Crypto.com’s custody service offers multi-user permissions, customizable governance workflows, and guaranteed custody solutions to meet the growing demand for scalable, low-cost, and compliant blockchain infrastructure.
Eric Anziani, President and COO of Crypto.com, said: “We are pleased to have been selected by VerifiedX, a leader in self-custody and digital asset wallet capabilities, to further enhance our established custody services that meet all of our clients’ needs.”
“As a network of people, our mission is clear: to make custody seamless, secure, and globally accessible. Our partnership with Crypto.com greatly advances that very ethos with our best-in-class custody and liquidity infrastructure,” VerifiedX Foundation said. “By incorporating Crypto.com’s world-class regulated custody and OTC trading capabilities, this network strengthens our commitment to providing users and institutions with the safest and most scalable path to interact with digital assets across the VFX ecosystem. This partnership further advances our global infrastructure with liquidity and custody options to support a new generation of builders and users for payments, savings, commerce, and utilities on the VerifiedX network.”
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This is the latest effort between Crypto.com and VerifiedX and follows on from their initial partnership to integrate Crypto.com Pay, Crypto.com’s payment solutions, and on-ramp services directly into VerifiedX’s Switchblade Wallet to provide a seamless, secure, and scalable experience for both everyday users and developers.
Crypto.com Custody provides custody services to qualified institutional and high-net-worth clients through a comprehensive end-to-end solution with safety and security at its core. Potential customers interested in Crypto.com’s custody services can submit an inquiry request at crypto.com/custody.
About Crypto.com
Founded in 2016, Crypto.com is trusted by millions of users around the world and is an industry leader in regulatory compliance, security, and privacy. Our vision is simple. “Cryptocurrency for Every Wallet™”. Crypto.com is committed to accelerating cryptocurrency adoption through innovation.
For more information, please visit https://crypto.com.
About VerifiedX
VFX (VerifiedX.IO) is a network of people. VFX is the first fully open source decentralized network that is both a universal layer 1 and a Bitcoin-specific sidechain/relief chain for tokenized self-custody, on-chain storage, and peer-to-peer commerce for both digital and physical assets. The network’s native coin (VFX) can be accessed directly within the wallet, enabling the minting of verified Bitcoin tokens (vBTC) with a 1:1 evergreen self-custodial peg that combines smart contract utilities with full asset recovery capabilities for funds.
Providing robust in-wallet and self-custody options for everyday users to plan, trade, store, spend, borrow, and secure their Bitcoin, VFX funds, and digital assets is fundamental to the VerifiedX ethos. As the first universal Layer 1 and Bitcoin Rescue Chain, the network dramatically reduces cost of ownership and friction for everyday users and integrators around the world, offering multiple layers of convenience, security, and self-management privileges.
For more information, please visit VerifiedX.io.
