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EDX Markets partners with VerifiedX to add tokenized vBTC for institutions

The partnership also makes EDX a validator on the VerifiedX network, giving it direct participation in network validation.

Reported · Written up by our desk · Market Structure

VerifiedX, a programmable layer for Bitcoin and other crypto assets, and EDX Markets, a Chicago-based digital asset technology firm, announced a strategic partnership to bring Verified Bitcoin (vBTC) to EDX’s institutional spot trading platform, according to a Bitcoin Magazine release.

The firms said vBTC is a tokenized, programmable, one-to-one backed Bitcoin asset enabled by VerifiedX’s layer-two protocol, and EDX plans to offer it through its institution-only trading venue paired with a central clearinghouse.

As part of the deal, EDX will join the VerifiedX network as a validator, providing direct participation in network validation, the release added.

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