VerifiedX becomes official partner of Bitcoin Magazine

VerifiedX has joined Bitcoin For Corporations as an executive member and has simultaneously announced a partnership with the newly launched Bitcoin Magazine TV. The company will become the exclusive custody partner of the television network, thereby supporting the growing institutional adoption of Bitcoin.

In brief:

• VerifiedX joins Bitcoin For Corporations and becomes a partner of Bitcoin Magazine TV
• The company offers programmable Bitcoin infrastructure through its network and vBTC token
• Recent partnerships with BitGo, Kraken and Cantor Fitzgerald show growing institutional interest

Programmable Bitcoin infrastructure

VerifiedX positions itself as a financial operating system that makes Bitcoin suitable for various use cases. The network supports payments, settlement, treasury management, lending and liquidity.

The core of the offering is Verified Bitcoin (vBTC), a 1:1 Bitcoin-backed asset that can be redeemed for native Bitcoin without intermediaries. This makes it suitable for institutions that need flexible Bitcoin instruments.

Growing institutional partnerships

The entry into Bitcoin For Corporations follows earlier collaborations with major players from the crypto and fintech sector. VerifiedX previously announced partnerships with BitGo, Kraken and the investment company Cantor Fitzgerald, which indicates an expansion of its institutional reach.

The appointment as exclusive custody partner of Bitcoin Magazine TV further strengthens its position. The platform reaches a broad audience of Bitcoin enthusiasts and institutional investors seeking information about market developments. Bitcoin is currently trading at the equivalent of $81K, up 4.6% in 24 hours.