Bitcoin News Today: VerifiedX Integrates Merkle Science for Institutional AML and vBTC Compliance

VerifiedX, a decentralized network that operates as both a universal layer 1 and a Bitcoin-specific sidechain, has announced a strategic integration with Merkle Science, a compliance and security platform serving leading institutions in the crypto space [1]. The integration aims to provide robust anti-money laundering (AML), know-your-customer (KYC), and countering the financing of terrorism (CFT) compliance solutions for institutional participants transacting with VerifiedX’s native token (VFX) and the Verified Bitcoin Token (vBTC). This marks a significant step toward institutional-grade infrastructure for native ownership and programmable utility within the VerifiedX ecosystem.

The collaboration leverages Merkle Science’s Compass and Tracker tools, which are designed to facilitate real-time monitoring, enhanced due diligence, and AI-powered tracing of transactions. These capabilities will enhance the security and regulatory compliance of the VFX platform while enabling seamless on- and off-chain movement of assets [1]. This integration is expected to support the issuance of stablecoins on the VerifiedX Network and provide a secure environment for institutional capital inflows, with Merkle Science facilitating access to over $10 billion in institutional liquidity.

Institutional traders will now be able to utilize the full programmable features of both VFX and Bitcoin, including tokenized lending and borrowing with automated smart contract execution. The native VFX token also supports the minting of vBTC, which maintains a 1:1 peg with Bitcoin and is backed by full asset recovery features and smart contract utility [1].

Merkle Science has established itself as a trusted partner among top-tier exchanges, consultancies, and protocols, including Crypto.com, Consensys, BitMEX, and Polkadot [1]. With backing from Fenbushi Capital and Kraken Ventures, Merkle Science brings a proven track record in regulatory compliance and security to the VerifiedX platform.

As a first-of-its-kind open-source network offering both universal layer 1 and Bitcoin-specific functionalities, VerifiedX is positioned to reduce the cost and complexity of digital asset ownership for everyday users while providing multiple layers of security and self-custodial empowerment [1]. The integration with Merkle Science is expected to further solidify the platform’s role as a critical infrastructure layer for institutional-grade crypto operations.

Source: [1] VerifiedX Integrates with Merkle Science Providing Compliance and Critical Infrastructure for Institutional VFX and vBTC Native Ownership (https://coinmarketcap.com/community/articles/68921c5babfc3923f0f7ae8c/)