$15M Financing Round Aims to Bring Institutional Bitcoin Infrastructure Online

VerifiedX Foundation has secured $15 million in financing to expand institutional Bitcoin infrastructure. The funding will focus on custody, distribution, and lending, aiming to enable institutions to use vBTC as programmable financial collateral.

The project plans to integrate with BitGo, a qualified custodian, which will hold vBTC and its Base-based version, vBTC.b. This integration is particularly relevant for institutional investors requiring established custody arrangements.

VerifiedX is also preparing centralized exchange listings for vBTC and its native VFX token, with tier-one exchanges expected to list the assets in the coming weeks.