#USA #New York #Crypto.com #VerifiedX #Custody Solutions

VerifiedX Teams Up with Crypto.com for Enhanced Custody and Liquidity Services

In a significant development for the cryptocurrency landscape, VerifiedX (VFX), the leading provider of self-custody solutions and Web3 wallet infrastructure, has announced its partnership with Crypto.com. This collaboration aims to deliver a robust institutional custody and liquidity solution, catering to the growing needs of eligible institutions that utilize VerifiedX.

What Does This Mean for Institutions?

The partnership allows institutions to securely store, manage, and transact with cryptocurrencies using Crypto.com's regulated institutional-grade custody platform. This service is expected to encompass an impressive $1.5 billion in assets, showcasing the scale and trust behind Crypto.com's capabilities. With features such as customizable workflows, multi-user permissions, and secured custody solutions, Crypto.com is poised to meet the increasing demand for scalable and regulatory-compliant blockchain infrastructure.

Eric Anziani, President and COO of Crypto.com, expressed his enthusiasm about the collaboration: "The custodial service is specifically designed to meet the expectations of institutional clients. We are pleased to have been selected by VerifiedX, a leader in self-custody and digital asset wallet capabilities, to further bolster our established custody offering."

Enhancing Global Accessibility

The partnership embodies a commitment to establishing seamless and secure global cryptocurrency custody solutions. As stated by the VerifiedX Foundation, this alliance significantly elevates their mission to provide globally accessible, secure custody options. By integrating Crypto.com's world-class regulated custody and over-the-counter (OTC) trading capabilities, VerifiedX aims to enhance the way users and institutions interact with digital assets across its ecosystem. This integration supports a new generation of creators and users in their pursuit of payments, savings, trading, and various services within the VerifiedX network.

Enhancing User Experience

This strategic alliance builds on their earlier collaboration, which successfully integrated Crypto.com Pay into VerifiedX's Switchblade wallets. This integration has laid the groundwork for a seamless, scalable, and secure experience for both everyday users and developers. The innovative features and enhanced security provided by Crypto.com Custody are designed to cater specifically to eligible institutions and high-net-worth clients seeking reliable custodial services. Interested parties can submit inquiries through Crypto.com’s dedicated custody page.

About Crypto.com

Founded in 2016, Crypto.com has gained the trust of millions of users worldwide and has emerged as a leader in compliance, security, and privacy in the cryptocurrency industry. Their vision is clear: "Cryptocurrencies in every wallet." They are dedicated to accelerating the adoption of cryptocurrencies through consistent innovation.

For more information visit Crypto.com.

About VerifiedX

VerifiedX (VFX) positions itself as the people’s network—a pioneering open-source decentralized network that not only functions as a universal layer 1 but also serves as a Bitcoin-specific side-chain. Their objectives include tokenized self-custody, on-chain storage, and peer-to-peer trading of digital and physical assets. The native cryptocurrency of the network, VFX, is directly accessible from wallets, enabling the creation of verified Bitcoin tokens (vBTC) with perpetual self-custody parity.

Their philosophy emphasizes providing robust self-custody options that empower everyday users to plan, transact, save, spend, borrow, and securely store Bitcoin, VFX funds, and other digital assets. As the first alternative layer 1 chain to Bitcoin, VerifiedX aims to reduce ownership costs and friction involved in cryptocurrency ownership, enabling a secure and autonomous self-custody experience for users around the globe.

For more details, explore VerifiedX.io.