VerifiedX launches $15M Bitcoin funding round

VerifiedX Foundation launched a $15 million financing round on Sept. 9 with Cantor Fitzgerald as its investment banking partner, aiming to expand institutional infrastructure for Bitcoin-backed products. Summary VerifiedX Foundation launched a $15 million financing round with Cantor Fitzgerald serving as investment banking partner. Project says initial institutional capital is secured but has disclosed neither investors nor terms publicly. Funding is intended for custody integrations, exchange listings, Bitcoin distribution and lending infrastructure development globally. VerifiedX plans BitGo custody support for vBTC and Base-based vBTC.b following the financing round completion. The project expects its first centralized exchange listing announcement within weeks, without naming prospective venues. VerifiedX said in an announcement that it had already secured initial institutional capital. However, the foundation did not disclose how much it has raised, the investors involved, the financing structure or the valuation used for the transactions. Cantor Fitzgerald is serving as the project’s investment banking partner. The announcement did not describe Cantor’s precise mandate or ind...