Institutional Crypto Security Gets $1.5B Boost from Crypto.com-VerifiedX Pact

Crypto.com and VerifiedX Announce $1.5 Billion Institutional Custody Partnership

Crypto.com has partnered with VerifiedX (VFX) Network to provide institutional-grade custody and liquidity solutions for $1.5 billion in digital assets, marking a strategic expansion in the crypto infrastructure sector. The collaboration, announced on November 20, 2025, aims to enable eligible institutions and high-net-worth clients to securely store, manage, and transact digital assets using Crypto.com's regulated custody platform. The partnership also includes over-the-counter (OTC) trading capabilities, further enhancing VerifiedX's ecosystem for institutional participants.

The agreement underscores growing demand for scalable and compliant blockchain infrastructure. Crypto.com's custody service features multi-user permissions, customizable governance workflows, and insured solutions, addressing institutional concerns around security and regulatory compliance. Eric Anziani, President and COO of Crypto.com, emphasized the platform's design for institutional-grade clients, stating, "We are pleased to be selected by VerifiedX, a leader in self-custody and digital asset wallet capabilities, to further enhance an established custody offering for all client needs" according to the announcement.

For VerifiedX, the partnership aligns with its mission to make custody "seamless, secure, and globally accessible." The VerifiedX Foundation noted that integrating Crypto.com's "world-class regulated custody" and OTC trading capabilities reinforces its commitment to providing a "safe, scalable path to interact with digital assets". The collaboration builds on an earlier initiative between the two firms to integrate Crypto.com Pay and on-ramp services into VerifiedX's Switchblade Wallets, streamlining user experiences for developers and everyday users.

The $1.5 billion custody agreement highlights Crypto.com's position as a leader in institutional-grade crypto services. Founded in 2016, Crypto.com has positioned itself as a trusted platform for regulatory compliance and security, with its custody offering targeting eligible institutions and high-net-worth clients. The partnership also reflects broader industry trends, as institutional adoption of digital assets accelerates amid evolving regulatory frameworks.

VerifiedX, a global leader in self-custody and Web3 wallet infrastructure, operates as a decentralized network enabling tokenized self-custody and peer-to-peer commerce. The VFX network's native coin (VFX) supports the minting of Verified Bitcoin Tokens (vBTC) with a 1:1 peg to Bitcoin, enhancing utility and security for users. By leveraging Crypto.com's custody infrastructure, VerifiedX aims to reduce costs and frictions for institutions and developers while expanding access to liquidity and trading tools.

The collaboration is part of a broader strategy to strengthen digital asset ecosystems. Crypto.com Custody's end-to-end solutions prioritize safety and compliance, with prospective clients able to request services via crypto.com/custody. Meanwhile, VerifiedX's open-source approach and decentralized architecture position it to scale its offerings globally, supporting use cases in payments, savings, and commerce.