The VeChain Foundation has tapped Crypto.com to provide regulated, institutional-grade custody support for VeChain’s native assets, VET and VTHO, in a move aimed at expanding institutional access to the VeChainThor network.
Under the partnership announced Monday, eligible institutions and high-net-worth clients will be able to securely store, manage and transact VET and VTHO using Crypto.com Custody’s end-to-end platform. The service promises multi-user permissions, customizable governance workflows and insured custody options designed for scalable, low-cost and compliant blockchain infrastructure.
Crypto.com framed the partnership as a response to growing demand from digital-asset institutions for custody solutions that combine both security and liquidity. “Digital asset institutions require a custodial solution that provides the best possible service from both a security and liquidity perspective,” said Eric Anziani, President and COO of Crypto.com. “That is what we have focused on building at Crypto.com, and we are honored to support the VeChain Foundation by enabling custody for their native assets.”
Mainstream Adoption
VeChainThor operates on a dual-token model: VET functions as the network’s value-transfer medium while VTHO is consumed to pay gas for transactions and on-chain operations. That separation helps the network maintain predictable transaction costs during volatile markets. The protocol also recently introduced dynamic fees via a gas fee market modeled on Ethereum’s EIP-1559, a change VeChain says balances demand and costs while supporting a more deflationary tokenomic profile.
“Crypto.com is well established as a leading exchange in the crypto market, and stands at the forefront of mainstream adoption,” said Sunny Lu, VeChain CEO. “Through this new partnership, we can confidently accelerate our institutional and mainstream adoption strategies using Crypto.com’s world-leading custody services, supported by their robust infrastructure.”
The move also adds another institutional on-ramp for enterprises and funds looking to engage with VeChain’s real-world use cases. VeChainThor positions itself as a business-focused public blockchain that supports B2B and B2C applications, from supply-chain provenance to sustainability tracking.
The foundation points to partnerships with global companies and a growing consumer ecosystem as evidence of traction. VeChain’s VeBetter app ecosystem, for example, tokenizes sustainability actions and counts millions of user engagements, showing the project’s retail and corporate reach. Interested institutional clients can submit contact requests via Crypto.com Custody’s portal.
Crypto.com, founded in 2016, says it serves more than 150 million customers worldwide and emphasizes regulatory compliance, security and privacy as core pillars of its platform. As traditional institutions continue to seek regulated ways to hold and use digital assets, custody partnerships like this one, pairing an enterprise-facing blockchain with a regulated custody provider, are becoming a common step toward broader institutional adoption.
