#USA #New York #Crypto.com #VerifiedX #VFX

VerifiedX Partners with Crypto.com for Enhanced Financial Solutions

In an ambitious move to enhance the infrastructure for holding and managing digital assets, VerifiedX has announced its partnership with Crypto.com. This collaboration aims to provide a robust solution for institutional custody and liquidity, catering to a rapidly growing market that demands advanced security measures and efficient trading capabilities.

A New Era of Digital Asset Management

As the cryptocurrency landscape evolves, institutions are increasingly seeking reliable and secure platforms for asset management. With this partnership, VerifiedX is set to leverage Crypto.com's state-of-the-art custodial services, enabling eligible institutions to securely store, manage, and trade digital currencies. This collaboration promises to facilitate transactions and interactions within the VerifiedX ecosystem, enhancing overall user experience through top-notch technology and regulatory compliance.

Key Features of the Partnership

The key features include:

1. Institutional-Grade Custody Solutions: Crypto.com will provide a highly secure custodial service tailored specifically for institutional clients. This includes multi-user permissions, customizable governance workflows, and insured custody solutions which meet the rising demand for scalable blockchain infrastructure.

2. OTC Trading Capabilities: Alongside custody solutions, Crypto.com will also offer over-the-counter (OTC) trading, allowing users to make substantial transactions without the potential market distortions typical of traditional exchanges. This feature aims to bring fluidity and flexibility to the trading processes for VerifiedX users.

3. Commitment to Security and Compliance: With a foundational emphasis on security, Crypto.com's services are designed to meet stringent compliance standards. Eric Anziani, President and COO of Crypto.com, stated, "Crypto.com Custody is specifically addressing institutional customer expectations, and we are pleased to be chosen by VerifiedX to further enhance our well-established custody offering."

4. Accessibility and Transparency: The VerifiedX Foundation emphasizes its mission to make digital asset management secure, transparent, and accessible globally. The partnership with Crypto.com significantly boosts this mission by integrating the latter’s leading custodial and liquidity infrastructure, ensuring that both users and institutions can interact with digital assets safely and efficiently.

A Vision for the Future

The VerifiedX network has long been a proponent of self-custody and decentralization. VerifiedX aims to provide a user-friendly gateway for everyday individuals and institutions alike to transact with, save, and manage their digital assets effectively. By collaborating with Crypto.com, which was established to revolutionize cryptocurrency accessibility, VerifiedX is taking steps to foster an adaptable ecosystem that addresses the evolving needs of users.

In addition, this partnership builds upon their previous collaboration on integrating Crypto.com Pay and related services directly into VerifiedX wallets. This holistic approach further streamlines the user experience for daily transactions, as it empowers developers and everyday users to interact seamlessly within the VerifiedX ecosystem.

Exploring Opportunities

For institutions interested in leveraging Crypto.com’s custodial services, potential clients can visit their official website for inquiries and additional information. This partnership marks a significant milestone, not just for both companies, but also for the broader cryptocurrency community, as it sets the stage for future innovations in how digital assets are managed.

In essence, the collaboration between VerifiedX and Crypto.com is set to redefine the landscape of digital asset custody and liquidity solutions, promising unprecedented security and efficiency for institutions venturing into the world of cryptocurrency.