VerifiedX opens $15 million round to build institutional Bitcoin infrastructure
VerifiedX said its Foundation has opened a $15 million financing round, with initial institutional investors already participating, to fund a wider push into institutional Bitcoin infrastructure. Cantor Fitzgerald is acting as the company’s investment banking partner for the raise, while the Foundation has not disclosed the identities of the initial investors or the terms of their participation. The proceeds are slated for several areas at once: expanding custody arrangements, supporting exchange listings, and building borrow-and-lend rails tied to Bitcoin. VerifiedX said BitGo, a digital-asset custodian listed on the New York Stock Exchange, will hold vBTC and vBTC.b, the project’s Bitcoin-collateralized token and its Base-based counterpart. It also said tier-one centralized exchanges are expected to list vBTC and VFX, with a first announcement anticipated within weeks. The company is positioning vBTC as an alternative to conventional wrapped Bitcoin structures, saying users retain self-custodial deposit addresses on the Bitcoin network, can redeem back to native BTC at any time, and can use the asset for payments, trading, collateral, lending, and treasury activity, including on Base through vBTC.b.





