In a significant development in the cryptocurrency sector, Crypto.com has announced a partnership with VerifiedX (VFX) Network to enhance institutional-grade custody and liquidity solutions for digital assets. This collaboration enables Crypto.com to offer verified institutions secure custody and liquidity support for a substantial $1.5 billion in assets, alongside executing over-the-counter (OTC) trading services.
Eligible institutions leveraging VerifiedX will benefit from Crypto.com’s regulated custody platform, designed to ensure secure storage, management, and transactions of digital currencies. The platform boasts advanced features including multi-user permissions, customizable governance workflows, and insured custody solutions, catering to the increasing demand for compliant and scalable blockchain infrastructure.
Eric Anziani, President and COO of Crypto.com, expressed enthusiasm regarding the partnership, stating, “Crypto.com Custody is designed with the expectations of institutional-grade clients in mind. We are honored to be chosen by VerifiedX, a pioneer in self-custody and digital asset wallet capabilities, to enhance our established custody offerings tailored to client needs.”
The VerifiedX Foundation reiterated its mission to make custody solutions both seamless and globally accessible, emphasizing that the collaboration with Crypto.com significantly aligns with this objective. They stated, “By incorporating Crypto.com’s world-class regulated custody and OTC trading capabilities, we bolster our commitment to providing users and institutions the safest, most scalable path to interact with digital assets.”
This partnership marks another step in the collaboration between Crypto.com and VerifiedX, building upon their earlier integration of Crypto.com Pay directly into VerifiedX’s Switchblade Wallets. This integration aims to deliver a secure and scalable experience for both everyday users and developers in the blockchain ecosystem.
Crypto.com Custody is tailored for eligible institutions and high-net-worth clients, providing a comprehensive end-to-end solution focused on security and safety. Those interested in utilizing Crypto’s custody services can inquire through the website.
Founded in 2016, Crypto.com has become a trusted entity in the cryptocurrency space with a commitment to accelerating cryptocurrency adoption through innovation. VerifiedX, recognized as a leader in self-custody solutions, offers a decentralized network designed for tokenized self-custody and peer-to-peer commerce, leveraging its unique infrastructure to empower users and builders in managing digital assets efficiently and securely.
Both companies aim to set a new standard in the industry with their partnership, offering enhanced capabilities for users navigating the evolving landscape of digital finance.
