VerifiedX Launches $15 Million Financing Round to Deploy Institutional Bitcoin Infrastructure

Bitcoin Magazine VerifiedX Launches $15 Million Financing Round to Deploy Institutional Bitcoin Infrastructure VerifiedX (verifiedx.io), the programmable financial operating system for Bitcoin and intelligent assets, today announced that its Foundation has launched a $15 million financing round and the first institutional investors have already invested.

Initial capital will fund VerifiedX’s institutional Bitcoin distribution. Cantor Fitzgerald is serving as VerifiedX’s investment banking partner in connection with the financing. The Foundation is not yet disclosing the identities or terms of the initial investors.

Part of the capital is allocated to expand custody relationships with partners including BitGo, the digital-asset custodian listed on the New York Stock Exchange, which will hold vBTC (VerifiedX’s Bitcoin-collateralized token) and vBTC.b (its counterpart on Base, Coinbase’s Ethereum layer-2 network).

BitGo is a qualified custodian, meaning U.S. custody rules allow registered investment advisers to hold client assets there. The capital also funds listings.