Institutions gain a regulated pathway to hold and transact programmable Bitcoin via Kraken’s qualified custody solution.
Kraken Institutional and VerifiedX have signed a memorandum of understanding to integrate vBTC into Kraken’s qualified custody offering. The move targets institutional investors seeking regulated access to programmable Bitcoin assets.
VerifiedX states vBTC is fully backed by native BTC and redeemable through its protocol, enabling onchain financial applications, settlement, and programmable vaults. The partnership follows growing demand for compliant digital asset custody solutions.
No immediate market reaction was reported following the announcement.