XION
XION (now Verona/Burnt) is a private New York-based verification infrastructure company founded in 2021 that builds cryptographic proof primitives (zkTLS, zkEmail, zkPassport, zkPhoto, App Attestation) on a Layer-1 blockchain, serving 150+ brands, 2,400+ institutions via Fireblocks, and AI agent developers.
- Company typePrivate
- Founded2021
- HeadquartersNew York, United States
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
XION firmographics
Firmographics- Name
- XION
- Website
- https://xion.burnt.com
- Company type
- Private
- Founded year
- 2021
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- XION (now Verona/Burnt) is a private New York-based verification infrastructure company founded in 2021 that builds cryptographic proof primitives (zkTLS, zkEmail, zkPassport, zkPhoto, App Attestation) on a Layer-1 blockchain, serving 150+ brands, 2,400+ institutions via Fireblocks, and AI agent developers.
- Ownership category
- akta.pro rank
XION industry classification
Industry- Product category
- Cryptographic Verification Infrastructure
- NAICS
- Web Search Portals and All Other Information Services (51929)
- SIC
- Services-Computer Programming, Data Processing, Etc. (7370)
- akta.pro primary industry
- Privacy, Data Protection & Compliance (zk compliance, GDPR/PII handling) (FSAPAJAM)
- akta.pro secondary industries
- Proof of Reserves, Attestations & On-Chain Audit/Assurance (FSADALAK), App Security, Compliance & Review Automation Platforms (BPAMADAJ)
Keywords
Where XION is headquartered
LocationHeadquarters
- HQ city
- New York
- HQ country
- United States
- HQ region
- North America
Markets served
XION business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Infrastructure, Personnel, Marketing or Sales, Operations
Revenue model
- EarnOS Platform: EarnOS product aims to reduce customer acquisition costs and enhance user engagement for enterprise customers. Platform is being prepared for major launch to serve brands across multiple industries.
- Verification Services: Cryptographic verification infrastructure provided as a service to brands across advertising, finance, insurance, and healthcare industries.
- Enterprise Blockchain Applications: Enterprise-scale blockchain applications through Layer-1 infrastructure and Fireblocks integration, targeting 2,400+ institutions and network with $10T in digital asset transactions secured.
Go-to-market motion1 record
Distribution channels4 records
Marketing channels7 records
XION product offering
Product offeringCore offering
XION (now Verona, part of the Burnt/XION/Verona unified proof network) is a cryptographic verification infrastructure company that uses zero-knowledge proofs to verify user data across websites (zkTLS), email (zkEmail), identity documents (zkPassport), photos (zkPhoto), and mobile apps (App Attestation) without exposing the underlying data. The platform exposes a unified API for payments, credentials, and tamper-proof records that enterprises integrate to power AI agents, marketplaces, lending, and compliance workflows, while its flagship consumer app ero rewards users for verified data.
Product overview
XION operates as a verification infrastructure company (rebranded from a Layer-1 blockchain) that has unified with Burnt and Verona into one proof network. The core offering consists of XION Verification Infrastructure and the Verona Proof Network, which work together to enable cryptographic verification of user data across multiple sources (websites, email, identity, photos, mobile apps). The ecosystem includes flagship consumer product 'ero' for rewarding verified users, the $VERONA token for network participation and payments, and integration with Fireblocks for enterprise blockchain access. EarnOS represents an upcoming product focused on reducing customer acquisition costs through verified engagement.
Differentiator
Problem solved
Functional benefit
Brands
- ero: The flagship product built on Verona. Utilized by the world's biggest brands, rewarding users for who they are and their verified data.
- EarnOS
Products and services
- XION Verification Infrastructure (formerly Layer-1 Blockchain) A Layer-1 blockchain-based verification infrastructure platform that delivers cryptographic verification of real-time data (websites, email, identity, photos, mobile apps) through zero-knowledge proofs. It functions as an invisible backend layer for brands across advertising, finance, insurance, and healthcare to combat fraud, synthetic content, and the Internet trust crisis.
- Verona Proof Network The unified decentralized network of verifiable data formed by unifying Burnt, XION, and Verona. It enables facts to be verified once at the source via zkTLS, zkEmail, zkPassport, zkPhoto, and App Attestation, and trusted and reused across AI agents, marketplaces, lending, compliance, and other applications without exposing underlying data.
- ero Flagship consumer product built on the Verona proof network that enables users to get verified and earn rewards from brands for verified identity and engagement, monetizing users' own verified data rather than having others profit from it.
- $VERONA Token Native utility token of the Verona network used to secure the network through staking, participate in rewards, and power verUSD payments and programmable payments across the verification network.
Quantifiable outcome
- Over 150 brands adopted XION's verification technology
- +1 more outcomes
Companies that use XION
Customer profileNamed customers8 records
Segments5 records
Ideal customer profiles4 records
XION technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration1 record
AI capability5 records
Feature9 records
XION partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- FireblockscoreFireblocks partnership connects XION's Layer-1 blockchain to over 2,400 institutions and integrates it into Fireblocks' digital asset infrastructure. This enables enterprise-scale blockchain applications across various sectors while ensuring security, compliance, and ease of onboarding. The network processes $10T in digital asset transactions.
Scale indicators5 records
Recent moves6 records
Expansion highlights6 records
XION competitors and assessment
Company assessmentBroad incumbents
- zkSync: zkSync is a major ZK rollup ecosystem with its own identity and credential efforts, representing a broader ZK infrastructure competitor to Verona's underlying proof technology.
- Chainlink: Chainlink provides verifiable data and oracle infrastructure across chains, overlapping with Verona's broader vision of verifiable facts feeding AI agents and smart contracts.
- Microsoft Entra Verified ID: Microsoft's enterprise decentralized identity product competes with Verona in the verifiable-credentials and enterprise authentication market, leveraging Microsoft's enterprise distribution.
Direct peers
- Galxe: Galxe provides Web3 identity, credentials, and reputation infrastructure used by brands for user verification, closely overlapping with Verona's ero consumer product and brand-adoption funnel.
- Civic: Civic offers decentralized identity verification and reusable KYC credentials, comparable to Verona's verification infrastructure for both consumer and enterprise identity use cases.
- Worldcoin: Worldcoin/World ID builds privacy-preserving proof-of-personhood using ZK and biometric verification, directly competing with Verona's zkPassport and identity primitives for users seeking decentralized identity.
- Privado ID (formerly Polygon ID): Privado ID offers a ZK-based identity and verifiable credential stack integrated with major chains, competing head-to-head with Verona's zk primitives for enterprise credential issuance and verification use cases.
- Reclaim Protocol: Reclaim Protocol generates ZK proofs of web and account data for portable credentials, competing directly with Verona's zkTLS and zkEmail primitives in the privacy-preserving proof-of-web-data category.
Emerging players
- Spruce ID: Spruce ID builds decentralized identity and data-ownership tools using ZK and DIDs, targeting similar enterprise authentication and consent-management use cases as Verona.
- Holonym: Holonym issues ZK-based proof-of-personhood and verifiable credentials, directly competing with Verona's identity primitives in the privacy-preserving KYC and sybil-resistance segments.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks7 records
Key highlights6 records
Customer concentration
XION social profiles
Digital presenceXION financial estimates
Financial estimateRevenue estimate
Valuation estimate
XION leadership team
Management profileNumber of profiles
Profiles2 records
XION funding detail
Funding detailFunding overview
Funding rounds1 record
Investors19 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
XION M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about XION
What does XION do?
XION (now Verona, part of the Burnt/XION/Verona unified proof network) is a cryptographic verification infrastructure company that uses zero-knowledge proofs to verify user data across websites (zkTLS), email (zkEmail), identity documents (zkPassport), photos (zkPhoto), and mobile apps (App Attestation) without exposing the underlying data. The platform exposes a unified API for payments, credentials, and tamper-proof records that enterprises integrate to power AI agents, marketplaces, lending, and compliance workflows, while its flagship consumer app ero rewards users for verified data.
Is XION a public or private company?
XION is a private company. It is classified as venture growth investor backed and is currently operating.
When was XION founded?
XION was founded in 2021. It employs 11 to 50 people.
Where is XION based?
XION is headquartered in New York, United States, in the North America region.
How does XION make money?
Three revenue lines are on record. EarnOS Platform is the primary driver. The others are verification Services and enterprise Blockchain Applications.
Who are XION's main competitors?
Broad incumbents on record are zkSync, Chainlink and Microsoft Entra Verified ID. Direct peers are Galxe, Civic, Worldcoin, Privado ID (formerly Polygon ID) and Reclaim Protocol. Emerging players are Spruce ID and Holonym.
Does XION have an API?
Yes. Verona (formerly XION) provides developer documentation and network APIs for building with Verona primitives. Developers can build on a network of verified facts: proof, action, and money in one flow, on one network. The platform offers Litepaper documentation and build documentation for developers. Developer documentation is at docs.verona.dev.
What industry is XION in?
XION's product category is Cryptographic Verification Infrastructure. Its primary akta.pro industry code is FSAPAJAM, Privacy, Data Protection & Compliance (zk compliance, GDPR/PII handling), with a secondary code of FSADALAK, Proof of Reserves, Attestations & On-Chain Audit/Assurance. Its NAICS code is 51929 and its SIC code is 7370.