What VerifiedX does

VerifiedX is a private Wyoming LLC that operates an open-source, decentralized Layer 1 blockchain functioning as a Bitcoin-specific sidechain (Layer 2 reliever chain). The network uses a Proof of Assurance (PoA) consensus, processes 25,000–30,000 transactions per second at near-zero fees, and runs on a fixed 200M VFX token supply with all transaction fees burned rather than redistributed. The company's core product, vBTC (Verified Bitcoin), is a 1:1 BTC-pegged, self-custodial, non-synthetic token that enables Bitcoin holders to access DeFi while maintaining full collateralization; vBTC.b extends this to Base (Coinbase's EVM chain) with native redemption and FROST MPC threshold signatures across 100+ validators. Adjacent products include SwitchBlade Wallet (a multi-interface non-custodial wallet), Vault Accounts (time-locked, on-chain custody with one-click recovery), Prism (a PLONK-based zero-knowledge privacy layer for native Bitcoin), Butterfly/BFLY (a self-custodial social P2P payment platform), and PulseXAI (tokenized AI agents and markets).

The customer base is hybrid: retail users access consumer products directly (SwitchBlade, BFLY, PulseXAI), while institutions are reached through channel partnerships with Fireblocks (vBTC.b listing), Crypto.com ($1.5B custody and OTC support), and Blockdaemon (staking, node operations, and liquidity tooling). The company does not charge protocol-level fees that accrue to itself or validators; instead, it relies on indirect monetization through institutional adoption, partner integrations, and treasury reserves of approximately 32.3M VFX tokens. VerifiedX has filed an EU MiCA white paper (Home Member State: Ireland) and is seeking admission to trading on Kraken in the EU beginning 2026-06-24. The entity was registered in Wyoming on 2023-10-17, has no disclosed external funding, no material revenue, and limited financial history, with the managing member Roniel Rodriguez as the only named executive.

Name

VerifiedX

Legal name

VerifiedX LLC

Website

https://verifiedx.io

Company type

Private

Founded year

2022

Operating status

Operating

Short description

VerifiedX operates an open-source Layer 1 blockchain and Bitcoin sidechain (VFX) offering self-custodial tokenized Bitcoin (vBTC), privacy (Prism), consumer wallets (SwitchBlade, BFLY), and institutional access via Fireblocks, Crypto.com, and Blockdaemon.

Ownership category

akta.pro rank

Product category

Blockchain Infrastructure / Bitcoin Sidechain

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Securities and Commodity Exchanges (5232)

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Finance Services (6199)

akta.pro primary industry

Layer-1 (L1) Network Validators & Node Operators (FSADAKAA)

akta.pro secondary industries

On-Chain Payments & Stablecoin Infrastructure (Issuance, Rails, Treasury) (FSAGAMAD), Payments, Remittances & Merchant Acceptance (checkout, invoicing, payroll) (FSAPAEAE), Regulatory Reporting, Tax & Audit Trails (reconciliation, provenance) (FSAPAJAI)

Keywords

• Blockchain infrastructure
• Bitcoin sidechain
• Self-custody wallet
• Tokenized bitcoin
• Decentralized finance

Headquarters

HQ city

Casper

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Software

Cost components

Technology or R&D, Personnel, Infrastructure, Operations, Marketing or Sales, Others

Revenue model

1. Transaction and Network Service Fees: All transaction fees and network service fees are burned rather than redistributed, creating a deflationary mechanism. Fees apply to transfers, Vault accounts, DNS, and P2P auction activity. This does not generate direct revenue for the network or validators.
2. VFX Token Issuance and Treasury: No protocol-level block rewards or inflation; block rewards have been reduced to zero. The network operates with a fixed lifetime supply of 200M VFX. The issuer (VerifiedX LLC) retains approximately 32.3M VFX reserved for partnerships, bug bounties, integrations, and liquidity purposes. No ICO, disclosed venture, seed, or private funding rounds have been conducted.
3. Institutional Infrastructure Integration: Revenue is derived indirectly through institutional adoption of the VerifiedX network, supported by partnerships with Crypto.com ($1.5B custody support) and Blockdaemon. No direct transaction fee redistribution to validators or treasury.

Go-to-market motion2 records

Distribution channels8 records

Marketing channels6 records

Core offering

VerifiedX operates an open-source, decentralized Layer 1 blockchain and Bitcoin-specific sidechain (Layer 2 reliever chain) that enables self-custody, tokenized Bitcoin assets (vBTC and vBTC.b), on-chain privacy (Prism), decentralized finance, and peer-to-peer transactions. The company sells these capabilities through consumer applications (SwitchBlade non-custodial wallet, BFLY social P2P payments, PulseXAI tokenized AI agents) and institutional infrastructure integrations (Fireblocks, Crypto.com, Blockdaemon).

Product overview

VerifiedX is a financial operating system for Bitcoin, operating as a Layer 1 blockchain and Bitcoin-specific sidechain. The platform consists of interconnected products: vBTC (Verified Bitcoin) as the core tokenized Bitcoin product with 1:1 collateralization; Prism Privacy as the native privacy layer with zero-knowledge proofs; SwitchBlade Wallet as the multi-interface non-custodial wallet; Butterfly (BFLY) as the social P2P payment platform; PulseXAI for tokenized AI agents; Vault Accounts for advanced custody with time-locks and recovery; and VFX as the native network token used for fees (burned), staking, and governance. The architecture enables Bitcoin holders to access DeFi, payments, tokenized assets, and the emerging agentic economy through a self-custodial network.

Differentiator

Problem solved

Functional benefit

Brands

• vBTC: Verified Bitcoin - First decentralized, self-custodial Bitcoin token with 1:1 BTC peg, near-zero fees, instant settlement, and on-chain utility.
• Prism Privacy
• SwitchBlade Wallet
• BFLY
• PulseXAI
• Butterfly
• VFX Vaults

Products and services

• vBTC (Verified Bitcoin) First decentralized, self-custodial Bitcoin token with a 1:1 BTC peg, near-zero fees, instant settlement, and added on-chain utility. vBTC enables Bitcoin holders to participate in DeFi markets while maintaining full collateralization and self-custody, and is non-synthetic.
• Prism Privacy Layer Native privacy layer enabling confidential transactions for native Bitcoin via vBTC and VFX, using PLONK-based zero-knowledge proofs to provide shielded addresses, encrypted balances, and private transfers while maintaining on-chain verifiability through selective disclosure viewing keys.
• SwitchBlade Wallet Multi-interface (CLI, GUI, Web) non-custodial wallet supporting VFX and BTC with tokenization, lending, vaulting, auctions, domain naming, and fiat on/off ramps (version 6.0.5).
• Butterfly (BFLY) Social P2P Payment Platform Self-custodial social P2P payment and commerce platform that lets users send and receive multiple cryptocurrencies instantly via social media and messaging channels, with plans for P2P lending, borrowing, and social rewards.
• PulseXAI Tokenized Intelligence Tokenized AI agents and markets platform that executes strategies with generative intelligence within the VerifiedX ecosystem, enabling AI agents that can perform financial tasks autonomously.
• VFX Vault Accounts On-chain custody solution for Bitcoin holders featuring time-locked transactions, one-click recovery, trustless escrow, and vBTC capabilities, described as "cold storage in a hot wallet." Account activation requires 5 VFX tokens (4 burned upon activation).
• VFX Native Token Native crypto-asset of the VerifiedX network with 200M fixed supply, used to pay transaction fees (which are burned), participate in Proof of Assurance consensus (requires 5,000 VFX), governance voting, and minting tokenized assets.
• vBTC.b on Base Non-synthetic Bitcoin asset on Base (Coinbase's EVM blockchain) with built-in native redemption, leveraging FROST multi-party computation technology to enable a decentralized custody network of 100+ validators without an on-chain footprint.
• Spyglass Block Explorer Block explorer for the VerifiedX network enabling viewing of blocks, transactions, validators, metrics, domains, vBTC tokens, fungible tokens, and NFTs.

Quantifiable outcome

• 25,000–30,000 TPS with near-zero fees and carbon-neutral footprint
• +3 more outcomes

Named customers1 record

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration6 records

AI capability3 records

Feature10 records

Partnerships

Five partnerships are on record, tiered core.

• FireblockscoreTechnology or Integration · 20 May 2026vBTC.b on Base is officially listed on the Fireblocks institutional platform. The asset leverages FROST multi-party computation technology enabling a decentralized custody network of over 100 validators without leaving an on-chain footprint, addressing institutional demand for self-custody solutions that combine regulatory compliance with privacy from on-chain analysis.
• BlockdaemoncoreTechnology or Integration · 4 December 2025VerifiedX and Blockdaemon announced a strategic partnership to integrate institutional-grade DeFi infrastructure into VerifiedX's consumer-facing products, including the VFX SwitchBlade Wallet and Butterfly social payment platform. The collaboration enables everyday users to access staking, rewards, borrowing, and lending without managing private keys or complex DeFi interfaces. Both companies described this as a long-term technical alignment aimed at scaling blockchain finance globally to millions of users, with cross-chain liquidity tools and expanded institutional access through banks and fintechs.
• Crypto.comcoreTechnology or Integration · 20 November 2025Crypto.com provides VerifiedX with institutional-grade custody and liquidity support for $1.5 billion in assets, along with OTC trading capabilities. This builds on a prior partnership that integrated Crypto.com Pay into VerifiedX's Switchblade Wallets. The collaboration is aimed at offering scalable, compliant, and secure blockchain infrastructure for institutions and everyday users within the VerifiedX ecosystem.
• Halborn SecuritycoreTechnology or IntegrationHalborn, a tier-1 blockchain security firm, conducted full-stack security audits of the VerifiedX network covering the core protocol, validator service, peer-to-peer system, and vBTC. All findings were remediated and approved by Halborn.
• Merkle SciencecoreTechnology or IntegrationMerkle Science provides blockchain tracing and compliance monitoring tools for VFX and vBTC-related transactions, supporting the detection and prevention of illicit activity within the VerifiedX ecosystem.

Scale indicators9 records

Recent moves6 records

Expansion highlights6 records

Emerging players

• Babylon: Bitcoin staking protocol enabling BTC to be used as economic security for Proof-of-Stake chains. Comparable as an emerging Bitcoin-native DeFi infrastructure play extending Bitcoin's utility beyond simple payments.
• Core DAO: Bitcoin Layer-1 (formerly Avalanche subnets) offering EVM-compatible smart contracts and BTC staking. Comparable as an emerging Bitcoin-aligned programmable chain pursuing BTC DeFi market share.

Others

• Fireblocks: Institutional digital asset custody and settlement platform. Listed as a VerifiedX partner via vBTC.b integration; relevant as a distribution rail rather than a direct competitor.
• Blockdaemon: Institutional blockchain infrastructure provider for node operations, staking, and liquidity. Listed as a VerifiedX partner, illustrating the infrastructure-provider category that supports rather than competes with the protocol.

Direct peers

• Liquid Network: Bitcoin sidechain operated by Blockstream for fast settlement and asset issuance, widely used by exchanges and institutional traders. Comparable as a federated Bitcoin sidechain serving institutional and exchange liquidity needs.
• Rootstock (RSK): Bitcoin sidechain with EVM-compatible smart contract functionality, merge-mined with Bitcoin. Directly comparable as a Bitcoin sidechain offering DeFi and tokenization while leveraging Bitcoin's security model.
• Stacks: Bitcoin Layer-2 protocol enabling smart contracts and DeFi on Bitcoin via its own consensus and the STX token. Directly comparable as a Bitcoin-focused programmable settlement layer competing for the same developer and institutional mindshare.

Broad incumbents

• Solana: High-throughput Layer-1 blockchain supporting payments, DeFi, and tokenized assets. Comparable as a competing Layer-1 network targeting similar consumer and institutional use cases with higher throughput claims.
• Avalanche: High-throughput Layer-1 blockchain with subnet architecture. Comparable as a competing Layer-1 network targeting institutional tokenization, payments, and custom blockchain deployment.
• Polygon: Multi-chain scaling and sidechain framework with deep institutional and developer adoption. Comparable as a broader Layer-2/sidechain infrastructure provider competing for the same developer and institutional distribution.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/VFXBlockchain
• GitHubgithub.com/VerifiedXBlockchain

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about VerifiedX