VerifiedX seeks $15M to build institutional Bitcoin infrastructure

Bitcoin infrastructure project VerifiedX has begun raising $15 million to build institutional Bitcoin infrastructure, Wu Blockchain reported. The company selected Cantor Fitzgerald as its investment banking partner. VerifiedX said it has secured initial institutional capital, but it did not disclose the amount raised so far or the participating investors. The funds will be used to support infrastructure for institutional Bitcoin distribution, custody integration, exchange listings and lending.