VerifiedX, a decentralized Layer 1 network and Bitcoin sidechain, announced Thursday it has selected Crypto.com to provide institutional custody and liquidity solutions for $1.5 billion in assets.
According to a statement, the partnership will allow eligible institutions operating on the VerifiedX (VFX) network to utilize Crypto.com’s regulated custody infrastructure to store and manage digital currencies. In addition to cold storage and governance workflows, Crypto.com will provide VerifiedX with over-the-counter (OTC) trading capabilities to facilitate deeper liquidity.
“Crypto.com Custody is specifically designed with expectations of institutional-grade clients,” Eric Anziani, president and COO of Crypto.com, said in the statement. “We…
