PANews reported on November 21st that, according to The Block, VerifiedX announced a partnership with Crypto.com to manage its $1.5 billion in digital assets through the latter's institutional-grade custody and OTC liquidity solutions. VerifiedX is a decentralized Layer 1 network and Bitcoin sidechain that supports 1:1 pegged vBTC self-custody issuance. This is the second collaboration between the two companies this year, and the VFX token price surged nearly 70% after the announcement.