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Earlier today, the VeChain  Foundation has announced, via their official Medium account, that they have partnered up with San Francisco based technology firm Totient, as part of their continuous efforts for widespread adoption. According to the official statement, Totient will be in the role of an ecosystem development partner and will assist the project by “issuing, vetting, funding, and developing new ICO and enterprise opportunities within the United States market as partners of the VeChain Foundation.”

Commenting on theis announcement, “I have been pleased by the initiative and investment that Totient has showcased in the VeChain Ecosystem. The VeChain Foundation encourages community lead companies to model after Totient,” Sunny Lu, CEO of the VeChain Foundation, said, and added, “the work they have done has inspired me in many ways and I hope they inspire other qualified value creators to do the same.”

According to the latest available data on coinmarketcap.com, VeChain (VEN) is currently the 19th biggest cryptocurrency with a total market capitalization of $1.26 billion.