VNX, a leading European platform for tokenized assets, is happy to announce that VNX Euro (VEUR) and VNX Swiss Franc (VCHF) have been added on the Fraxtal blockchain.
Fraxtal is a modular rollup blockchain (L2), that provides access to decentralized finance (DeFi) with a focus on security and efficiency. The platform enables users to interact with various DeFi protocols while ensuring high transaction speeds and low fees.
Key Benefits of Fraxtal:
1) Enables fast, secure, and cost-effective application deployment, comparable to top Ethereum rollups like Optimism and Base.
2) Offers a robust ecosystem with multiple components and middleware, facilitating integration with other chains and networks, deploying L3 solutions, and supporting additional layers of innovation.
3) Introduces blockspace incentives (Flox) to reward users and developers for utilizing gas and engaging with smart contracts on the network.
4) Extreme Performance and Low Fees: Designed for high performance with near-zero transaction costs while maintaining Ethereum-level security.
5) Unmatched Scalability: A roadmap featuring real-time blocks and over 100,000 transactions per second, limited only by hardware advancements and the speed of light, making Fraxtal one of the fastest blockchains.
6) AI Integration with Blockchain: Pioneers the AIVM (Artificial Intelligence Virtual Machine), enabling AI agents to fully interact with the blockchain. This shared-state machine allows for full composability and sovereignty, making Fraxtal the ideal platform for truly on-chain AI applications.
7) The Frax Universal Interface: All dApps on Fraxtal will be accessible through a single tab on frax.com. Swap, bridge, earn, and explore the Frax Universe seamlessly with just a few clicks.
With the launch of the new liquidity pools VEUR/FRAX and VCHF/FRAX on Curve users will be able to access fiat-backed stable assets within the high-performance ecosystem of Fraxtal.
“We are thrilled to see VEUR and VCHF featured on the Fraxtal platform,” said Alexander Tkachenko, CEO of VNX. “This launch underscores our commitment to provide users with efficient and transparent solutions in the DeFi space.”
“The launch of VEUR and VCHF brings new liquidity opportunities to the Fraxtal ecosystem, reinforcing our mission to provide high-performance infrastructure for the future of decentralized finance.” – Nader Ghazvini, Head of Integrations at Frax.
About VEUR and VCHF Tokens
VNX Euro (VEUR) and VNX Swiss Franc (VCHF) are multichain tokens referencing Euro and Swiss Franc, respectively. They are created by a company registered in Liechtenstein and operating under the Blockchain Act.
While the majority of the crypto economy is denominated in USD, the share of currencies like EUR and CHF in the traditional economy is significantly larger. These currencies are also more familiar to European retail investors and serve as default currencies for institutional market participants in the region.
About VNX:
VNX (vnx.io) is a digital platform for tokenizing real-world assets (RWA), licensed by the Liechtenstein Financial Market Authority (FMA). VNX generates tokens referencing two of the most popular European fiat currencies – VNX Euro (VEUR) and VNX Swiss Franc (VCHF), combining the advantages of traditional fiat currencies with the convenience of crypto. This enables quick, low-cost, and 24/7 accessible cross-border payments while opening vast opportunities in DeFi.
VNX also publishes independent auditors’ reports that confirm the value of reserves supporting its tokens regularly, along with useful information about tokens in the VNX Transparency section on its official website.
About Fraxtal:
Fraxtal is a cutting-edge blockchain designed for extreme performance, combining next-to-nothing transaction fees with Ethereum-level security. Its ambitious roadmap includes real-time blocks and a throughput exceeding 100,000 transactions per second, pushing the boundaries of speed and scalability, limited only by the speed of light and hardware innovation. As the first blockchain to introduce the AIVM (Artificial Intelligence Virtual Machine), Fraxtal creates a shared-state environment where AI agents can operate with full composability and sovereignty. This groundbreaking integration makes Fraxtal the ideal platform for deploying truly decentralized, on-chain AI solutions, uniting the transformative potentials of blockchain and artificial intelligence.
