$15 Million Funding Round for Institutional Bitcoin Infrastructure

VerifiedX's Foundation has started a $15 million funding round to expand institutional access to Bitcoin. The investment banking side is being handled by Cantor Fitzgerald, but the names of the investors and terms are not disclosed.

According to Brian May, a member of VerifiedX's Foundation, most current ways to earn interest on Bitcoin do not provide sufficient returns for institutions. This funding round aims to address this issue by building out institutional Bitcoin infrastructure.