VerifiedX Partners with Crypto.com for Enhanced Custody Solutions
Crypto.com Also to Provide OTC Trading Support for VerifiedX
NEW YORK / -- Crypto.com and the VerifiedX Network (VFX), a prominent name in digital wallet infrastructure and self-custody, have officially partnered to deliver significant institutional-grade custody solutions. This collaboration includes comprehensive custody and liquidity support for assets worth $1.5 billion, as well as over-the-counter (OTC) trading capabilities.
Institutional-Grade Custody Made Easy
The partnership allows verified institutions using VerifiedX to securely store and manage their digital currencies through Crypto.com's regulated custody platform. Designed specifically for institutions, Crypto.com’s custody solution features customizable governance workflows, multi-user permissions, and insured custody options. Such offerings cater to the increasing need for secure, cost-effective, and compliant blockchain infrastructure that businesses are demanding.
Eric Anziani's Perspective
Eric Anziani, President and COO of Crypto.com, expressed enthusiasm about the partnership: "Crypto.com Custody is crafted for institutional clients. We are excited to collaborate with VerifiedX, a frontrunner in self-custody, to augment our custody services to meet a variety of client needs."
A Commitment to Security and Accessibility
The VerifiedX Foundation reiterated its mission, stating, "As the people's network, our goal is to ensure custody is seamless, secure, and globally accessible. Partnering with Crypto.com aligns with this ethos, providing industry-leading custody and liquidity solutions." By leveraging Crypto.com’s capabilities, the network strengthens its commitment to safe and scalable interactions with digital assets across the VFX ecosystem.
Collaborative Efforts in Innovation
This partnership builds upon their earlier collaboration, where Crypto.com’s payment solutions were integrated directly into VerifiedX's Switchblade Wallets. This initiative aims to deliver a more secure, user-friendly experience for both developers and everyday users.
Enhanced Service Offerings
Crypto.com Custody offers a comprehensive suite of custody services aimed at eligible institutions and high-net-worth individuals. The focus remains steadfast on safety and security in digital asset management. Those interested in Crypto.com’s custody services can easily reach out through their platforms.
About Crypto.com
Founded in 2016, Crypto.com has gained the trust of millions globally. It stands at the forefront of regulatory compliance, security, and privacy within the cryptocurrency space. The company's vision is simple yet profound: Cryptocurrency in Every Wallet™. They are passionate about driving the widespread adoption of cryptocurrencies through continuous innovation.
About VerifiedX
VFX (VerifiedX.IO) embodies the people’s network. It is the first fully open-source decentralized network that functions as both a universal layer 1 and a Bitcoin-specific sidechain. This innovative architecture caters to the needs of tokenized self-custody, on-chain storage, and peer-to-peer commerce involving both digital and physical assets. The native VFX coin offers simple access for users and enables the minting of Verified Bitcoin Tokens (vBTC) with enhanced recovery features.
By prioritizing self-custody options, VerifiedX ensures that users can effectively plan, transact, save, and safeguard both digital and physical assets seamlessly. As the initial universal layer 1 and Bitcoin reliever chain, it significantly reduces ownership costs and operational friction, aiding users and integrators around the globe.
Frequently Asked Questions
What is the focus of the VerifiedX and Crypto.com partnership?
The partnership centers on providing institutional-grade custody solutions and liquidity support for a significant volume of assets.
What types of services does Crypto.com Custody offer?
Crypto.com Custody offers security features like multi-user permissions, customizable governance, and insured custody solutions designed for institutions.
How does this partnership enhance user experience?
This collaboration aims to create a seamless and secure user interaction with digital assets, backed by well-established infrastructure from Crypto.com.
What is the vision of Crypto.com?
Crypto.com's vision is to popularize cryptocurrency adoption, epitomized in their motto: Cryptocurrency in Every Wallet™.
What is VerifiedX's primary mission?
VerifiedX strives to make digital asset management accessible, secure, and valuable for all users in the evolving landscape of cryptocurrencies.
