Kraken and VerifiedX Team Up on Regulated vBTC Custody Solutions

Kraken Institutional and VerifiedX have signed an MOU to enhance custody solutions for vBTC, a programmable Bitcoin option fully backed by native BTC.

This partnership aims to provide institutions with a regulated route to hold and utilize vBTC, which could significantly impact institutional adoption of Bitcoin.

vBTC allows for programmable vaults and on-chain applications, making it an attractive option for institutions seeking compliant and secure ways to manage their digital assets.