VNX, a leading European platform for tokenized assets, is pleased to announce that VNX Euro (VEUR) and VNX Swiss Franc (VCHF), are now featured in several new liquidity pools on the Arbitrum blockchain.
Arbitrum is a Layer 2 scaling solution for Ethereum, offering faster transaction speeds, lower costs, and enhanced scalability. It uses Optimistic Rollups technology to ensure efficiency while maintaining Ethereum’s robust security. Over 35% of Ethereum’s Layer 2 Total Value Locked is hosted on Arbitrum, amounting to more than $7 billion in assets as of late 2024 and more than 400 DeFi protocols operate on Arbitrum, making it a hub for innovation in decentralized finance.
Key benefits of Arbitrum include:
1. Scalability: Arbitrum significantly improves Ethereum’s scalability by processing transactions off-chain, while still ensuring that the security of the main Ethereum chain is maintained. This enables more transactions to be processed in parallel, increasing throughput and reducing network congestion.
2. Lower Transaction Fees: By reducing the computational load on Ethereum, Arbitrum lowers gas fees for users. This is crucial for making decentralized applications (dApps) and decentralized finance (DeFi) more affordable and accessible to a larger audience.
3. Compatibility with Ethereum: Arbitrum is fully compatible with existing Ethereum dApps and smart contracts. Developers can migrate their applications to Arbitrum with minimal changes, allowing them to tap into the scalability benefits without having to rewrite or redeploy contracts.
4. Faster Transaction: While Layer 1 Ethereum transactions can take several minutes to confirm, Arbitrum transactions are finalized much faster, usually within a few seconds to a few minutes, depending on network conditions.
5. Optimistic Rollups: Arbitrum uses an Optimistic Rollup technique, which bundles many transactions into one, submits them to the Ethereum mainnet, and assumes they are valid unless proven otherwise. This reduces the computational load and leads to faster processing times while maintaining security.
6. Increased Adoption and Ecosystem Growth: The combination of scalability, lower fees, and compatibility with Ethereum has made Arbitrum one of the most popular Layer 2 solutions. Its ecosystem is growing rapidly, with numerous DeFi projects, NFTs, and other dApps already deploying on the network.
This integration marks a significant milestone in VNX’s mission to bridge traditional finance with the decentralized economy.
“We’re thrilled to see VEUR and VCHF featured on Arbitrum,” said Alexander Tkachenko, CEO of VNX. “This integration underscores our commitment to providing users with efficient, transparent, and scalable solutions in the DeFi space.”
About VEUR and VCHF tokens
VNX Euro (VEUR) and VNX Swiss Franc (VCHF) are multichain tokens referencing the Euro and Swiss Franc and generated by a company registered with the Liechtenstein Financial Market Authority (FMA) 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 a default currency for institutional market participants in the region.
About VNX:
VNX (vnx.io) is a digital platform for tokenizing RWA, licensed by the Liechtenstein Financial Market Authority (FMA). VNX generates tokens referencing two most popular European fiat currencies – VNX Euro (VEUR) and VNX Swiss Franc (VCHF) that combine the 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. Notably, VCHF stands out as one of the few Swiss franc referencing tokens available on the market today. 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 an investment in physical gold, such as a 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 Stellar, Ethereum, Polygon, Avalanche, Solana, Tezos and Q blockchains, with more to come.
VNX serves as a gateway to crypto for investors, offering seamless on/off-ramp options through the VNX platform (https://invest.vnx.li/join), which supports various fiat and cryptocurrencies, including BTC, ETH, USDC, CHF, and EUR. It also facilitates card payments and online banking. VNX is revolutionizing the payment infrastructure for cross-border peer-to-peer transfers and micropayments by integrating with traditional financial institutions and building a robust liquidity layer across different blockchains and decentralized applications (dApps).
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.
Arbitrum is a customizable, interoperable set of solutions designed to bring businesses and people onchain. Its flagship blockchain, Arbitrum One, dominates L2 TVL with deep liquidity and streamlined deployment capabilities, powering dApp innovation across DeFi, DePIN, gaming, and other verticals. Additional technologies like Orbit, which enables the development of customizable, interconnected chains leveraging the Arbitrum ecosystem, and Stylus, supporting Rust and C++, push Arbitrum to the forefront of pioneering innovation in blockchain development.
