VerifiedX Partners with Crypto.com to Enhance Institutional Asset Solutions
In a significant move for the digital asset landscape, VerifiedX (VFX) Network, recognized globally for its self-custody capabilities and Web3 wallet infrastructure, has joined forces with Crypto.com. This partnership aims to provide institutional-level custody and liquidity solutions valued at over $1.5 billion. As institutions continue to show a keen interest in securely managing cryptocurrency holdings, this collaboration is set to address several key aspects of institutional needs, including security, compliance, and scalability.
Crypto.com will enable eligible institutions on the VerifiedX platform to securely store, manage, and trade digital currencies through its regulated custody service. This service is designed with multi-user permissions, customizable governance workflows, and insured custody solutions. Eric Anziani, the President and COO of Crypto.com, emphasized that their custody service was specifically crafted to meet the expectations of institutional clients. He stated, "We are excited to partner with VerifiedX, a leading provider of self-custody and wallet functionalities for digital assets, to enhance our established custody offering."
VerifiedX, often described as 'the network for people,' has a clear mission: to make custody seamless, secure, and globally accessible. Through their partnership with Crypto.com, they significantly strengthen this mission by leveraging Crypto.com's top-notch custody and liquidity infrastructure. The VerifiedX Foundation has expressed its commitment to providing the safest and most scalable ways for users and institutions to interact with digital assets within the VFX ecosystem.
The integration of Crypto.com’s leading regulated custody and over-the-counter (OTC) trading functionalities allows VerifiedX to affirm its commitment to enhancing the operational landscape for its users. This partnership supports a global infrastructure of liquidity and custody options, working towards the development of a new generation of developers and users focused on payments, savings, trading, and services within the VerifiedX network.
This partnership is particularly timely, reflecting the broader trends in the cryptocurrency market where institutions seek more robust, compliant, and cost-efficient blockchain infrastructures. The demand for services that fulfill regulatory requirements while ensuring security is at an all-time high, and Crypto.com is positioned as a key player in this burgeoning niche.
The collaboration also builds on an earlier integration where Crypto.com Pay solutions and onboarding services were directly embedded into VerifiedX's Switchblade Wallets. This integration aimed to provide everyday users and developers with a frictionless, secure, and scalable experience. Notably, the Crypto.com Custody service will offer a comprehensive end-to-end solution for eligible institutions and high-net-worth clients, focusing on security and protection.
Interested parties looking for more information about Crypto.com’s custody offerings can find details on their official website. Crypto.com, founded in 2016, has gained the trust of millions worldwide, leading in regulatory compliance, security, and privacy. Their vision is simple: to make cryptocurrency accessible to all users, encapsulated in their motto 'Cryptocurrency in Every Wallet.'
On the other hand, VerifiedX operates as the first fully open-source, decentralized network that provides not only a universal Layer-1 solution but also a Bitcoin-specific sidechain. This infrastructure is tailored for tokenized self-custody, on-chain storage, and peer-to-peer trading of both digital and physical assets. With its commitment to delivering robust in-wallet and self-management options, VerifiedX underscores its dedication to empowering everyday users in managing, transacting, and securing Bitcoin, their VFX funds, and other digital assets.
As the cryptocurrency space evolves, partnerships like the one between VerifiedX and Crypto.com pave the way for more innovative solutions, ensuring users have access to secure and efficient methods to manage their digital wealth without hindrance. This strategic partnership not only marks a new era for VerifiedX but also underscores the growing significance of robust custodial solutions in accommodating institutional needs in the fast-evolving cryptocurrency realm.
Crypto.com will enable eligible institutions on the VerifiedX platform to securely store, manage, and trade digital currencies through its regulated custody service. This service is designed with multi-user permissions, customizable governance workflows, and insured custody solutions. Eric Anziani, the President and COO of Crypto.com, emphasized that their custody service was specifically crafted to meet the expectations of institutional clients. He stated, "We are excited to partner with VerifiedX, a leading provider of self-custody and wallet functionalities for digital assets, to enhance our established custody offering."
VerifiedX, often described as 'the network for people,' has a clear mission: to make custody seamless, secure, and globally accessible. Through their partnership with Crypto.com, they significantly strengthen this mission by leveraging Crypto.com's top-notch custody and liquidity infrastructure. The VerifiedX Foundation has expressed its commitment to providing the safest and most scalable ways for users and institutions to interact with digital assets within the VFX ecosystem.
The integration of Crypto.com’s leading regulated custody and over-the-counter (OTC) trading functionalities allows VerifiedX to affirm its commitment to enhancing the operational landscape for its users. This partnership supports a global infrastructure of liquidity and custody options, working towards the development of a new generation of developers and users focused on payments, savings, trading, and services within the VerifiedX network.
This partnership is particularly timely, reflecting the broader trends in the cryptocurrency market where institutions seek more robust, compliant, and cost-efficient blockchain infrastructures. The demand for services that fulfill regulatory requirements while ensuring security is at an all-time high, and Crypto.com is positioned as a key player in this burgeoning niche.
The collaboration also builds on an earlier integration where Crypto.com Pay solutions and onboarding services were directly embedded into VerifiedX's Switchblade Wallets. This integration aimed to provide everyday users and developers with a frictionless, secure, and scalable experience. Notably, the Crypto.com Custody service will offer a comprehensive end-to-end solution for eligible institutions and high-net-worth clients, focusing on security and protection.
Interested parties looking for more information about Crypto.com’s custody offerings can find details on their official website. Crypto.com, founded in 2016, has gained the trust of millions worldwide, leading in regulatory compliance, security, and privacy. Their vision is simple: to make cryptocurrency accessible to all users, encapsulated in their motto 'Cryptocurrency in Every Wallet.'
On the other hand, VerifiedX operates as the first fully open-source, decentralized network that provides not only a universal Layer-1 solution but also a Bitcoin-specific sidechain. This infrastructure is tailored for tokenized self-custody, on-chain storage, and peer-to-peer trading of both digital and physical assets. With its commitment to delivering robust in-wallet and self-management options, VerifiedX underscores its dedication to empowering everyday users in managing, transacting, and securing Bitcoin, their VFX funds, and other digital assets.
As the cryptocurrency space evolves, partnerships like the one between VerifiedX and Crypto.com pave the way for more innovative solutions, ensuring users have access to secure and efficient methods to manage their digital wealth without hindrance. This strategic partnership not only marks a new era for VerifiedX but also underscores the growing significance of robust custodial solutions in accommodating institutional needs in the fast-evolving cryptocurrency realm.
Topics Financial Services & Investing）
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