Crypto.com Selected to Custodize $1.5 Billion in Assets for VerifiedX Network

VerifiedX, a decentralized Layer 1 network and Bitcoin sidechain, has appointed Crypto.com to provide institutional-grade custody and liquidity services for digital assets valued at $1.5 billion.

Under the agreement, institutions utilizing the VerifiedX network will gain access to Crypto.com's regulated custody infrastructure, which includes cold storage, compliance workflows, and asset-governance tools. Additionally, Crypto.com will supply over-the-counter (OTC) trading services to support liquidity across the VerifiedX ecosystem.

"The firm’s custody product is built for the standards expected by institutional clients," said Eric Anziani, President and COO of Crypto.com. He added that the collaboration "strengthens its ability to serve network participants."

This development marks the second integration between the two entities this year, following a payments partnership announced in late September that enabled fiat purchases for VerifiedX's wallet users. Following the announcement of this expanded partnership, the network's native token, VFX, reportedly surged by nearly 70 percent.