The world of cryptocurrency continues to expand as industry leaders join forces to create robust infrastructures for secure and scalable digital asset management. Recently, Crypto.com, a global leader in self-custody and Web3 wallet solutions, partnered with VerifiedX, a decentralized network known as “The People’s Network,” to provide institutional-grade custody and liquidity support for $1.5 billion in digital assets.
Why This Partnership Matters
With the growing adoption of cryptocurrencies, institutional investors require secure and compliant solutions to manage digital assets. This partnership focuses on catering to these needs by combining Crypto.com’s regulated custody services with VerifiedX’s open-source blockchain capabilities. Institutions can now leverage secure storage, customizable workflows, and insured custody to meet their operational demands.
Features of the Collaboration
Crypto.com’s custody offering is specifically designed for institutional clients, providing multi-user permissions, seamless governance workflows, and regulatory compliance. VerifiedX, on the other hand, enables users to mint Verified Bitcoin Tokens (vBTC), an evergreen self-custodial solution for cryptocurrency owners.
The collaboration also integrates Crypto.com Pay to simplify transactions within VerifiedX’s ecosystem, ensuring seamless payment solutions for both institutional and everyday users. Additionally, high-net-worth individuals and businesses can use Crypto.com’s Over-the-Counter (OTC) trading capabilities for efficient transactions.
Key Benefits for Users
This strategic partnership offers several benefits:
- Enhanced Security: Crypto.com’s institutional-grade custody services ensure safe storage of digital assets, minimizing risks associated with hacking or mismanagement.
- Streamlined Liquidity: Institutions can access scalable liquidity solutions to optimize their trading and transaction needs.
- Comprehensive Blockchain Infrastructure: VerifiedX’s universal Layer 1 blockchain and Bitcoin reliever chain significantly reduce operational costs and complexities for digital asset transactions.
How to Get Started
Institutions interested in leveraging Crypto.com’s custody solutions can learn more and apply directly through their official website. Whether you’re looking to securely store assets or explore scalable liquidity options, this partnership opens doors to a new era of institutional-grade security in the digital asset space.
What This Means for the Future of Crypto
This collaboration signals the growing maturity of the cryptocurrency industry as it gears up to meet the expectations of institutional and everyday investors alike. By creating a secure and scalable infrastructure, Crypto.com and VerifiedX are paving the way for a future where cryptocurrencies are more accessible, efficient, and safe than ever before.
