EDX Markets partners with VerifiedX to offer institutional spot trading of tokenized Bitcoin (vBTC), backed 1:1 by native BTC.
DeFi & Yields ·
EDX Markets, an institutional crypto exchange with backing from Citadel Securities, Fidelity Digital Assets, and Charles Schwab, has entered into a partnership with VerifiedX to enable spot trading of tokenized Bitcoin (vBTC) targeting institutional investors. As part of the arrangement, EDX Markets will also serve as a validator on the VerifiedX network.
The vBTC token maintains a 1:1 reserve ratio with native Bitcoin and can be converted back to actual Bitcoin at any point. This structure allows institutional users to access programmable blockchain capabilities—such as on-chain payments, lending arrangements, and asset management operations—while retaining direct claims to the underlying Bitcoin collateral and the ability to redeem it at will.
The announcement does not specify a launch date, technical integration timeline, or additional details about the validator responsibilities EDX Markets will assume within the VerifiedX ecosystem.