VerifiedX Raises $15M to Build Institutional Bitcoin Infrastructure

The VerifiedX Foundation (verifiedx.io) has launched a $15 million financing round, with initial participation from institutional investors. The company, which describes itself as a programmable financial operating system for Bitcoin and intelligent assets, will use the first funds to expand its institutional Bitcoin distribution.

Cantor Fitzgerald is acting as VerifiedX's investment banking partner for the round. The Foundation has not disclosed the identities or terms of the first investors.

A portion of the capital will go toward deepening custody ties with partners such as BitGo. The New York Stock Exchange-listed digital-asset custodian will hold vBTC, VerifiedX's Bitcoin-collateralized token, and vBTC.b, its equivalent on Base, Coinbase's Ethereum layer-2 network. Because BitGo is a qualified custodian, U.S. regulations permit registered investment advisers to store client assets with it.

The financing also covers exchange listings. Top-tier centralized exchanges plan to list vBTC and VFX, VerifiedX's native token, with the first announcement anticipated in the coming weeks. Additionally, the round backs borrow-and-lend programs that allow holders to borrow against Bitcoin or lend it out for yield while retaining ownership and redemption rights.

Brian May, a member of the VerifiedX Foundation, said: "Nearly every way to put Bitcoin to work on-chain today asks the holder to swap it for someone else’s IOU. It’s the reason less than 1% of all Bitcoin held by institutions is earning any yield. vBTC is a game-changer in that regard, and this round funds the custody, exchange and lending rails that will allow institutions to use vBTC and natively turn their Bitcoin into productive financial capital."

In the typical wrapped Bitcoin approach, a holder transfers Bitcoin to a custodian or a small group of signers and receives an off-chain representation on another network. The quality of that representation depends entirely on the party holding the underlying Bitcoin.

vBTC works in the opposite manner. When a holder creates a vBTC token, the VerifiedX network generates a unique native Bitcoin address inside each token, and the holder deposits Bitcoin to their own self-custodial address. That Bitcoin remains in that address, visible on Bitcoin's own ledger, and never leaves the Bitcoin ecosystem. Threshold signatures spread across VerifiedX's validators authorize deposits and withdrawals, meaning no single entity holds the key. A holder who prefers not to rely on the network's validators can run their own and restrict signing exclusively to their validators. The holder can redeem to native Bitcoin at any time. vBTC can be used for payments, trading, collateral, lending, or treasury. vBTC.b applies the same design on Base, allowing non-synthetic use of the asset in applications there.

About VerifiedX

VerifiedX operates as a financial operating system for Bitcoin, intelligent, and alternative assets, offering self-custodial ownership, instant settlement, programmable finance, native Bitcoin utility, and agentic financial infrastructure. Its products, including vBTC, BFLY, and PulseXAI, link institutions, users, and autonomous systems via a unified blockchain ecosystem.

The VerifiedX ecosystem comprises:

• vBTC & vBTC.b (BTC)
• BFLY payments and click to earn infrastructure
• SwitchBlade wallet technology
• PulseXAI generative and tokenized intelligence
• Institutional settlement architecture
• Consensus driven programmability
• Canonical interoperability systems