The VerifiedX (VFX) Network (VerifiedX.io) and Merkle Science (merklescience.com), have commenced integrating the VerifiedX native coin (VFX) and Verified Bitcoin Token (vBTC) with Merkle Science’s extensive platform suite to comply with AML, KYC, and CFT regulations enabling compliance and security for all institutional traders. This will result in a seamless on / off ramp creating a safe environment for holders, while being a valuable resource to the VFX ecosystem. Additionally, this integration will also enable the issuance of Stablecoins on the VerifiedX Network.
This partnership will leverage Merkle Science’s proprietary suite of tools such as Compass and Tracker products meeting AML/CFT regulatory compliance, dApps, CEX inflows & outflows, conduct enhanced due diligence for alerts, and enable AI powered tracing assistance in tandem with the networks Bitcoin-level security within the VFX platform. The integration will also enable access to over $10 billion in institutional capital via Merkle Science and provide an additional layer of security of the Total Value Vaulted (TVV) within the VerifiedX ecosystem.
Institutional traders will now have an opportunity to unlock true on-chain programmable utility for both Bitcoin and VerifiedX (VFX) natively, leveraging full recovery features of funds and access to tokenized lending / borrowing with automated smart contract execution.
Merkle Science isa trusted leading security and compliance partner of tier 1 exchanges, banks, consultancies and protocols such as Crytpo.com, Consensys, Hudson River Trading, Susquehana, Laser Digital, Blockchain.com, BitMex, CoinFund, DFINITY, Hedera, Stellar, Polkadot, and Sui. Merkle Science is additionally backed by Fenbushi Capital and Kraken Ventures among others.
VerifiedX – VFX (VerifiedX.IO) is the first open-source decentralized network that is both a universal layer 1 and a Bitcoin specific sidechain / reliever chain, for the purpose of tokenized self-custody, on-chain storage, and peer-to-peer commerce of both digital & physical assets. The networks native coin (VFX) can be accessed directly in-wallet, and enables minting of Verified Bitcoin Tokens (vBTC) with a 1:1 evergreen self-custodial peg coupled with smart contract utility and full asset recovery features for funds.
Providing robust in-wallet and self-custodial options for everyday users to plan, transact, save, spend, borrow, and vault Bitcoin, VFX funds, and digital assets are the cornerstone of the VerifiedX ethos. As the first universal layer 1 and Bitcoin reliever chain, the network dramatically reduces costs of ownership and frictions for everyday users and integrators around the world and provides multiple layers of convenience, security, and self-custodial empowerment.
For Further Merkle Science Inquiries: Website | Twitter (X)
For Further VerifiedX Inquiries: Website | Discord | Twitter (X) | Github
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