VerifiedX Partners with Crypto.com for Institutional Custody and Liquidity Solution
Crypto.com and the VerifiedX (VFX) Network (VerifiedX.io), the folks’s community and a world chief in self-custody and Web3 pockets infrastructure, right this moment introduced that Crypto.com will present VerifiedX safe institutional-grade custody and liquidity help for $1.5 billion in property, in addition to OTC buying and selling capabilities.
Through this partnership, eligible establishments utilizing VerifiedX can securely retailer, handle, and transact digital currencies utilizing Crypto.com’s regulated, institutional-grade custody platform. Crypto.com’s custody service presents multi-user permissions, customizable governance workflows, and insured custody options, assembly rising demand for scalable, low-cost, and compliant blockchain infrastructure.
“Crypto.com Custody is particularly designed with expectations of institutional-grade purchasers,” stated Eric Anziani, President and COO of Crypto.com. “We are happy to be chosen by VerifiedX, a frontrunner in self-custody and digital asset pockets capabilities, to additional improve a longtime custody providing for all consumer wants.”
“As the folks’s community, the mission is obvious – to make custody seamless, safe, and globally accessible. Partnering with Crypto.com considerably elevates that very ethos with greatest in-class custody and liquidity infrastructure,” stated The VerifiedX Foundation. “By incorporating Crypto.com’s world class regulated custody and OTC buying and selling capabilities, the community reinforces its dedication to offering customers and establishments the most secure, most scalable path to work together with digital property throughout the VFX ecosystem. This partnership additional advances a world infrastructure with liquidity and custody choices, supporting a brand new era of builders and customers for funds, financial savings, commerce, and utility on the VerifiedX community.”
This is the newest initiative between Crypto.com and VerifiedX, following their preliminary partnership to combine Crypto.com Pay, Crypto.com’s cost resolution, and on-ramp companies immediately into VerifiedX’s Switchblade Wallets to ship a seamless, safe, and scalable expertise for on a regular basis customers and builders alike.
Crypto.com Custody presents custody companies to eligible establishments and high-net-worth purchasers by a complete, end-to-end resolution with security and safety at its core. Prospective purchasers fascinated with Crypto.com’s custody providing can submit contact requests at crypto.com/custody.
About Crypto.com
Founded in 2016, Crypto.com is trusted by hundreds of thousands of customers worldwide and is the trade chief in regulatory compliance, safety and privateness. Our imaginative and prescient is straightforward: Cryptocurrency in Every Wallet
. Crypto.com is dedicated to accelerating the adoption of cryptocurrency by innovation.
Learn extra at https://crypto.com.
About VerifiedX
VFX (VerifiedX.IO) is the folks’s community. VFX is the primary totally open-source decentralized community that’s each a common layer 1 and a Bitcoin particular sidechain / reliever chain, for the aim of tokenized self-custody, on-chain storage, and peer-to-peer commerce of each digital & bodily property. The community’s native coin (VFX) will be accessed immediately in-wallet, and permits minting of Verified Bitcoin Tokens (vBTC) with a 1:1 evergreen self-custodial peg coupled with good contract utility and full asset restoration options for funds.
Providing strong in-wallet and self-custodial choices for on a regular basis customers to plan, transact, save, spend, borrow, and vault Bitcoin, VFX funds, and digital property are the cornerstone of the VerifiedX ethos. As the primary common layer 1 and Bitcoin reliever chain, the community dramatically reduces prices of possession and frictions for on a regular basis customers and integrators world wide and gives a number of layers of comfort, safety, and self-custodial empowerment.
Learn extra at VerifiedX.io.
Contact
press@crypto.com
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