VerifiedX Secures $15M to Boost Bitcoin Custody and Exchange Listings

VerifiedX Foundation has secured $15 million in funding to expand its institutional infrastructure for Bitcoin-backed products. Cantor Fitzgerald is serving as the investment banking partner for this financing round.

The funds will be used to support custody integrations, including a partnership with BitGo for vBTC tokens. This integration aims to provide secure storage for these tokens and facilitate their use in various financial applications.

In addition to custody integrations, the funding will also support centralized exchange listings and lending services. While initial institutional capital has been secured, details on investors, terms, and exchange partners remain undisclosed.