VNX launches on Tezos: Empowering DeFi with Euro and Swiss Franc Stablecoins - VNX
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VNX launches on Tezos: Empowering DeFi with Euro and Swiss Franc Stablecoins

VNX, a leading European tokenization platform, is proud to announce the successful launch of VNX EUR (VEUR) and VNX CHF (VCHF) stablecoins on the Tezos blockchain. This strategic expansion enhances VNX’s commitment to providing secure and scalable digital asset solutions, broadening the accessibility of stablecoin options across decentralized finance (DeFi) ecosystems.

VNX has leveraged the advanced capabilities of the Tezos blockchain for its latest rollout. Tezos, renowned for its robust security, low energy consumption, and innovative on-chain governance, provides an ideal environment for the deployment of stablecoins aimed at facilitating seamless cross-border transactions, efficient payment processing, and liquidity management.

Tezos addresses contentious disagreements and potential network splits through a unique self-evolving governance model, avoiding hard forks. Conceived under the principle “code is law,” Tezos is one of the few platforms to utilize 100% on-chain governance, enabling it to adapt and upgrade without disrupting the network. Tezos is also at the forefront of innovative blockchain technology, solving the scalability issues through enshrined rollups.

“Tezos’ focus on sustainability and upgradability aligns perfectly with our vision for the future of digital finance. By integrating our stablecoins on Tezos, we’re not only enhancing our offering but also contributing to the growing ecosystem of blockchain-powered financial solutions.”

Alexander Tkachenko, CEO & Founder of VNX

“We are delighted to welcome VNX and their reliable stablecoin solutions to the Tezos community. It’s exciting to see VNX’s stablecoins seamlessly integrating into our DeFi ecosystem right from their launch, demonstrating the strong demand for trustworthy stablecoin solutions within our network”

Cedric Roche, Business Development & Technical Support Director at Nomadic Labs

Upon their launch, VEUR and VCHF quickly integrated into the Tezos DeFi ecosystem, with their first major adoption occurring on the Plenty decentralized exchange. Plenty, one of the two biggest decentralized exchanges on Tezos[1], now features VEUR/USDT and VCHF/USDT liquidity pools.

In addition, users of VNX stablecoins on Tezos will soon have the opportunity to earn points through the points campaign organized by the VNX community. This rewards program, designed by the VNX Community Hub, will incentivize the adoption of VNX stablecoins and participation in DeFi across supported blockchains. Once the VNX Community token is launched, community members will gain the ability to vote, influence the project’s direction, and shape the future of the protocol. After users stake VNX Community tokens, they will receive veVNX tokens, which will represent their voting power and rights within the VNX Community Hub. This approach will ensure that the stablecoin infrastructure VNX is building genuinely serves and benefits its users, fostering a stable and participatory ecosystem. Join the VNX Points Campaign and prepare to take an active role in shaping the future of European stablecoins.

About VNX:

VNX (vnx.io) is a digital platform for tokenizing RWA licensed by the Liechtenstein Financial Market Authority (FMA). VNX generates stablecoins referencing two most popular European fiat currencies – VNX Euro (VEUR) and VNX Swiss Franc (VCHF) that combine advantages of traditional fiat currencies with the convenience of crypto, enabling quick, low cost and 24/7 accessible cross-border payments and opening vast DeFi opportunities with stable assets. VNX has also presented the first European gold-backed token – VNX Gold (VNXAU) that represents individual ownership of physical gold. VNX Gold provides the same benefits as investment in physical gold, such as store of value, protection against volatility and inflation, and high liquidity – with complete digital convenience and freedom. VNX tokens are multichain and currently available on Ethereum, Polygon, Avalanche, Solana, Stellar and Q blockchains, with more to come.

VNX EUR (VEUR) and VNX CHF (VCHF) stablecoins are also available for deposit, withdrawal, and custody on the Solana blockchain at Sygnum, a global digital asset banking group.

VNX publishes independent auditors’ reports that confirm the value of reserves supporting the tokens on a regular basis as well as useful information about tokens in the VNX Transparency section on its official website.


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About Tezos:

Tezos is an open-source, decentralized blockchain platform that supports smart contracts and decentralized applications (dApps). With its unique self-amendment mechanism and energy-efficient proof-of-stake consensus algorithm, Tezos provides a secure, scalable, and evolving infrastructure for developers to build the future of decentralized technology.

Disclaimer: The content and materials referred to herein are for your information only and are not intended to address your particular personal requirements. The information does not constitute financial advice or recommendation and should not be considered as such.  It also shall not be considered as investment, tax or legal advice or the recommendation to sell, or  a solicitation to buy or invest in any investment product, vehicle, service or instrument. Digital assets’ trading markets are volatile and can change quickly.

[1] Source: https://defillama.com/protocols/Dexes/Tezos

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