Crypto.com has been tapped to provide institutional-grade custody and liquidity for the VerifiedX (VFX) Network, a partnership that promises to secure up to $1.5 billion in assets and offer OTC trading capabilities to eligible institutions using the VFX ecosystem. The move, announced today, deepens a relationship that already saw Crypto.com’s payment and on-ramp services integrated into VerifiedX’s Switchblade wallets earlier this year.
Under the deal, institutions that join VerifiedX will be able to store, manage and transact digital assets through Crypto.com’s regulated custody platform, which the company markets as an end-to-end solution built for institutional expectations, including multi-user permissions, customizable governance workflows and insured custody options. Crypto.com said the arrangement responds to rising demand for scalable, low-cost and compliant infrastructure for digital assets.
“Crypto.com Custody is specifically designed with expectations of institutional-grade clients,” said Eric Anziani, President and COO of Crypto.com, in the announcement. The firm framed the partnership as a natural extension of its custody business, which serves eligible institutions and high-net-worth clients and offers prospective customers a contact channel through crypto.com/custody.
From Wallets to Wall Street
The VerifiedX Foundation described the agreement as an important step toward its stated mission of delivering accessible, secure self-custody at scale. By pairing its open-source layer-1 and Bitcoin sidechain architecture, which enables the native VFX token and tokenized, self-custodial Verified Bitcoin Tokens (vBTC), with Crypto.com’s custody and OTC capabilities, VerifiedX said it can offer institutions and everyday users safer, more scalable ways to use digital assets for payments, savings, commerce and other on-chain utilities.
This institutional custody announcement follows the two companies’ earlier work to integrate Crypto.com Pay and fiat on-ramps directly into VerifiedX’s Switchblade Wallet, a feature aimed at simplifying fiat-to-crypto flows and merchant payments inside the VFX ecosystem. Market coverage of the new custody agreement appeared across crypto outlets and wire services today, underscoring industry interest in combining self-custody rails with regulated institutional services.
For Crypto.com, which launched in 2016 and promotes the goal of “Cryptocurrency in Every Wallet™,” the VerifiedX partnership adds another institutional client to its custody roster and further integrates its payments stack with a network that emphasizes in-wallet Bitcoin utility and on-chain recovery features. For VerifiedX, the tie-up is positioned as a way to reduce friction for users and integrators worldwide while preserving self-custodial control at the wallet level.
Institutional clients interested in Crypto.com’s custody services are directed to the company’s custody contact page for onboarding inquiries. Industry watchers say the deal reflects a broader trend: projects that emphasize self-custody and user control are increasingly pairing with regulated custodians to meet the compliance and liquidity needs of larger market participants.
