Crypto.com and VerifiedX Join Forces for $1.5B Digital Asset Deal

Crypto.com and VerifiedX partner to provide $1.5 billion in institutional-grade custody, liquidity, and OTC trading, enhancing secure, scalable digital asset management for institutions using the VerifiedX network.

Crypto.com and the VerifiedX (VFX) Network have announced a partnership in which Crypto.com will provide institutional-grade custody, liquidity support, and OTC trading for $1.5 billion in assets within the VerifiedX ecosystem. This collaboration enables institutions using VerifiedX to securely store, manage, and transact digital assets through Crypto.com’s regulated custody platform, which features multi-user permissions, customizable governance workflows, and insured storage solutions. The partnership aims to address the growing demand for scalable, compliant, and cost-efficient blockchain infrastructure. VerifiedX, an open-source network functioning as both a universal layer 1 and a Bitcoin-focused sidechain, focuses on tokenized self-custody, on-chain storage, and peer-to-peer commerce. The agreement builds on previous collaborations, such as integrating Crypto.com Pay and on-ramp services into VerifiedX wallets, and is seen as a significant step toward providing secure, accessible, and scalable digital asset solutions for institutional clients and the broader decentralized finance ecosystem.