VerifiedX Raises $15 Million To Build Out Institutional Bitcoin Infrastructure

VerifiedX Raises $15 Million To Build Out Institutional Bitcoin Infrastructure
Short NewsView Non-AMP

VerifiedX Raises $15 Million To Build Out Institutional Bitcoin Infrastructure

VerifiedX’s Foundation has kicked off a $15 million funding round, with initial institutional investors already on board, to expand institutional access to Bitcoin. Cantor Fitzgerald is handling the investment banking side, though the Foundation hasn’t disclosed who’s backing the round or on what terms. VerifiedX Foundation member Brian May said most current ways to earn yield on Bitcoin require swapping it for someone else’s IOU, which he said explains why under 1% of institutional Bitcoin holdings currently earn any return. Deposits and withdrawals are authorized through threshold signatures spread across VerifiedX validators, with holders able to redeem to native Bitcoin at any time or run their own validators for added control.

Writer by choice, CryptoCurrency Writer, and Researcher by chance. Currently, focusing on financial news and analysis, as well as cryptocurrency news and data. One may not call me a crypto “Enthusiast” but trust me I’m getting there.

Recent Posts

• News

Germany Proposes 25% Flat Tax on Crypto Gains From 2027

Germany is preparing to end its long-standing tax break for crypto investors who hold assets…

• Price Analysis

SOL Price Faces $50 Risk as SkyAI Board Fight Escalates

The SOL price has enjoyed a strong recovery, but a corporate treasury dispute could complicate…

• Short News

Apple iPhone 18 Cost In India: Foldable Model May Hit Rs 2.5 Lakh

Apple’s first-ever foldable iPhone, expected to debut at today’s event, could launch in India priced…

• News

iPhone 18 Launch Today: Here’s How Much Bitcoin and Ethereum It Actually Costs Today

Apple unveils its iPhone 18 lineup today, September 9, at its “Surprise and Shine” event.…

• Price Analysis

TRX Price Eyes $0.45 After Canary Staked TRX ETF Launch

The TRX price has a new catalyst, but $0.35 remains a stubborn obstacle. CanaryFunds has…

• Short News

Whales Defended Bitcoin’s $58K-$63K Zone, Says Jamie Coutts

Analyst Jamie Coutts said the $58,000 to $63,000 range was “viciously defended” by large holders,…

Source: coinpedia.org