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Crypto.com to Provide Custody and Liquidity for $1.5B in VerifiedX Assets
Crypto.com, a leading cryptocurrency platform, has expanded its collaboration with the VerifiedX (VFX) Network to offer institutional-grade custody and liquidity solutions for $1.5 billion in digital assets, marking a significant step in scaling blockchain infrastructure for institutional clients. The partnership,
, includes over-the-counter (OTC) trading capabilities and aims to address growing demand for secure, compliant, and cost-effective custody services in the Web3 ecosystem.Under the agreement, eligible institutions using VerifiedX's self-custody and Web3 wallet infrastructure can now leverage Crypto.com's regulated custody platform to store, manage, and transact digital currencies. The platform features multi-user permissions, customizable governance workflows, and insured custody solutions,
for scalability and regulatory adherence. Eric Anziani, President and COO of Crypto.com, is "specifically designed with the expectations of institutional-grade clients," highlighting the partnership as a strategic move to enhance existing offerings.
This collaboration builds on an earlier partnership between the two firms,
and on-ramp services into VerifiedX's Switchblade Wallets. The new initiative expands their joint efforts to streamline user experiences for developers and everyday users while addressing infrastructure challenges in the Web3 space.Crypto.com Custody, available to eligible institutions and high-net-worth clients, underscores the company's focus on institutional adoption. The service emphasizes safety, security, and compliance, with prospective clients able to request information via crypto.com/custody.
further solidifies Crypto.com's position as a key player in institutional digital asset management, particularly as regulatory scrutiny intensifies in the crypto sector.Quickly understand the history and background of various well-known coins

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