Crypto.com and the VerifiedX (VFX) Network have announced a strategic partnership where Crypto.com will provide secure institutional-grade custody and liquidity support for $1.5 billion in assets, along with over-the-counter (OTC) trading capabilities. This collaboration, announced on November 21, 2025, enables eligible institutions using VerifiedX to store, manage, and transact digital currencies through Crypto.com's regulated custody platform, which offers multi-user permissions, customizable governance workflows, and insured solutions.
Eric Anziani, President and COO of Crypto.com, highlighted, "Crypto.com Custody is specifically designed with expectations of institutional-grade clients. 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." The VerifiedX Foundation stated that this partnership elevates their mission to make custody seamless and globally accessible, reinforcing their commitment to safe, scalable digital asset interactions across the VFX ecosystem.
This initiative builds on a previous partnership that integrated Crypto.com Pay and on-ramp services into VerifiedX's Switchblade Wallets, aiming to deliver a seamless experience for users and developers. VerifiedX is described as a fully open-source decentralized network functioning as both a universal layer 1 and a Bitcoin-specific sidechain, facilitating tokenized self-custody and peer-to-peer commerce with its native coin VFX and Verified Bitcoin Tokens (vBTC).
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