TL;DR
- Crypto.com agreed to provide institutional custody, liquidity support, and OTC trading for $1.5 billion in assets within the VerifiedX ecosystem.
- The agreement offers institutions a custodial, insured, and regulated platform with multi-user permissions, traceability, and real-time auditability.
- The VerifiedX network enables minting vBTC at a 1:1 parity and operating on-chain storage and peer-to-peer trading with self-custody.
Crypto.com and VerifiedX signed an agreement granting the exchange institutional custody, liquidity provision, and OTC operations for $1.5 billion in assets managed within the VerifiedX ecosystem.
The agreement allows institutions using the network to operate digital assets on a custodial, insured, and regulated platform that includes permission controls, governance management, and traceability for real-time audits.
VerifiedX Offers a Bitcoin-Focused Sidechain
VerifiedX provides an open-source network that functions as a universal layer 1 and as a Bitcoin-focused sidechain. Its architecture allows minting the vBTC token at a 1:1 parity through a smart contract-based mechanism designed to maintain fund availability without relinquishing direct control of private keys. The network supports on-chain storage and peer-to-peer trading of assets, positioning it as an infrastructure focused on direct transfers without operational intermediaries.
Crypto.com: Multi-User Permissions to Strengthen Security
The agreement with Crypto.com addresses a technical and commercial gap faced by institutions managing large volumes that require regulatory compliance, operational risk management, and segregation of duties among internal teams. The custody platform provides multi-user permissions that assign limits and verifications by role, making it easier to audit processes and assign accountability accurately. Insured custody also extends financial guarantees to mitigate risks linked to security issues.
Liquidity support and OTC access allow moving large volumes without using open markets and without generating price friction. Institutional treasuries gain a direct counterparty to execute purchases, sales, or portfolio rotations without risking assets under custody. Crypto.com brings experience in regulated infrastructure, and VerifiedX contributes an ecosystem that preserves self-custody, reducing reliance on third parties and ensuring operational control within the institution’s environment.
Both companies had previously signed an agreement that integrated Crypto.com Pay and on-ramp services directly into VerifiedX’s Switchblade Wallets. The current goal is to build an infrastructure where users, developers, and institutions can operate payments, e-commerce, and savings programs with regulated custody and fast execution
