VerifiedX has launched a $15 million financing round aimed at developing infrastructure for institutional Bitcoin activity, according to Bitcoin Magazine. Cantor Fitzgerald is serving as the investment banker for the transaction. The funding is intended to support custody arrangements with BitGo, listings on tier-one cryptocurrency exchanges and Bitcoin lending programs. The announcement links the capital raise to VerifiedX’s plans to expand services around institutional access to Bitcoin. No further details about the financing structure, participating investors or the timetable for deployment were provided in the supplied report.
Source
Bitcoin Magazine
Written by Moneyiar based on reporting from the cited source and Moneyiar market data.
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