Web3 infrastructure project VerifiedX has enlisted major exchange Crypto.com to provide institutional-grade custody and liquidity for $1.5 billion in digital assets.
The deal highlights a fundamental trend in the digital-asset space. Although VerifiedX promotes decentralization and self-custody for retail users through products like its Switchblade Wallet, it is now turning to a large, regulated provider to meet institutional needs. Institutions require strict security, compliance and insurance standards, which VerifiedX cannot satisfy on its own infrastructure.
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This shift aligns with Crypto.com’s broader institutional push, including its recent approval for a full set of CFTC derivatives licenses to support U.S. expansion.
For VerifiedX, the move is a strategic effort to attract venture capital firms, family offices and other professional investors that operate under frameworks such as the SEC’s rules in the U.S. and the EU’s MiCA regime.
Inside the Institutional-Grade Deal
Under the new agreement, institutional clients will be able to store assets through Crypto.com’s certified custody platform. The service carries SOC 1 and SOC 2 Type II attestation, complies with ISO/IEC 27001 and is backed by $120 million in insurance coverage.
It also offers multi-level governance controls and customizable permission workflows designed for regulated entities that require auditable processes. VerifiedX will additionally integrate Crypto.com’s Over-the-Counter trading infrastructure.
This will give institutional participants access to deeper liquidity and facilitate wholesale transfers while minimizing slippage on large transactions.
“Crypto.com Custody is specifically designed with expectations of institutional-grade clients,” said Eric Anziani, President and COO of Crypto.com.
Strengthening a Growing Partnership
The custody mandate marks a substantial expansion of the relationship between the two companies. Their collaboration began in September, when VerifiedX added Crypto.com Pay to its wallet infrastructure to streamline retail onboarding and payments.
Crypto.com has also been advancing its global regulatory footprint, recently receiving in-principle approval to settle Dubai government payments in stablecoins — further strengthening its positioning as a cross-border Web3 infrastructure provider.
Shifting from a retail-focused payment integration to handling a $1.5 billion institutional custody arrangement reflects a deeper level of trust between the firms and a clear evolution in VerifiedX’s strategy.
This article was written by Tanya Chepkova at www.financemagnates.com.
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