There is Vechain Foundation choice Crypto.com brings further institutional access and counter trading for Vechainthor’s native tokens Vechain (VET) and Vethor (VTHO).
By adopting crypto.com custody rights to institutional users, Vechain can provide custody services to qualified institutions and wealthy clients. This means leveraging Crypto.com’s secure custody solution to enable institutions to store, manage and trade VETs and VTHOs.
“Digital asset institutions need management solutions that provide the best possible service in terms of both security and liquidity,” said Eric Angiani, president and chief operating officer of Crypto.com.
It has focused on construction at Crypto.com and is honoured to support the Vechain Foundation by enabling custody of native assets.
Vechain Eyes Mainstream Adoption
As one of the early cryptographic platforms, VeChainthor is a blockchain platform that runs on dual token systems. VET is a native token that allows users to transfer value, and VTHO is used for gas prices.
Recently Vechain Team announcement A dynamic pricing mechanism that reflects Ethereum’s EIP1559. In addition to security, this model introduced a accelerated deflation mechanism in VeChainthor’s tocononomics.
“Crypto.com has been established as a major exchange for Crypto Market and is at the forefront of mainstream adoption,” said Sunny Lu, CEO of Vechain.
Through this new partnership, you can use Crypto.com’s world-leading custody services to confidently accelerate your institutional and mainstream recruitment strategies supported by robust infrastructure.
The collaboration will add to the growing traction of the Vechain Foundation, including a collaboration with asset manager Franklin Templeton, to help the platform leverage tokenized financial products.
“Our decisions demonstrate a significant development for the wider company adoption of tokenized financial products, spurred by the increased clarity of regulations and institutional interest, exemplified by initiatives like the Genius Act,” the platform states.
Hayabusa upgrade
VeChain is looking to vote for the community for Hayabusa upgrades.
If approved, the activation of Hayabusa TestNet in early September will introduce features such as new toconomies for VET and VTHO, validator staking models, and a consensus transition from proof of authority to delegated stock proof.
Hayabusa is part of the Vechain Renaissance upgrade and came after Vechain’s staking platform Stargate went live. Stargate allows users to earn rewards by betting NFTS for veterinarians and Mint Delegators.
Vechain Renaissance is Vechain’s roadmap to accelerate adoption and promote improved and decentralisation of talknomics.
Veterinary tokens traded at around $0.023 on Monday, down about 5% over the past 24 hours. Veterinary prices have soaked 15% over the past 30 days, mainly slowing down the top altcoins that have recently ripped.
