Liechtenstein, December 15, 2022— VNX, Europe’s first regulated entity for investing in tokenized precious metals under Liechtenstein’s Blockchain Act, launches the VNX Euro (VEUR) and VNX Swiss Franc (VCHF) tokens referencing respective fiat currencies on crypto exchange Emirex with tokenized physical gold as a base value. VNX’s tokens enable new investment and holding strategy implementations through digitally referenced fiat currencies and tokenized precious metals.
The crypto market’s ongoing rough patch may discourage curious retail and institutional investors from exploring its more volatile offerings. For investors wading cautiously through the crypto landscape, tokens referencing traditionally valuable commodities and major European currencies can help rebuild trust in decentralized finance and digital assets.
The launch of VEUR and VCHF expands investor capabilities in the crypto space by offering digital assets tied to traditional currencies. The new additions solidify VNX’s roster of tokens backed by trusted physical commodities, empowering accredited investors searching for stable digital assets to hold, trade, and earn with.
Most of the crypto economy now is denominated in dollars as a reference asset, much like the traditional global economy. But the share of currencies such as EUR and CHF in the traditional economy is much larger in percentage than in the crypto landscape. These currencies are additionally more native to European retail investors and are also the balance currency for institutional market participants based in the region.
As the first coin backed by tokenized precious metals in Europe from a token generator licensed under Liechtenstein’s Blockchain Act, VNX’s platform equips institutional and retail investors to utilize stable crypto assets in a regulated setting. In addition to its flagship physical gold-backed VNX Gold token, users can implement VEUR and VCHF for inflation hedging, CEX/DEX trading, and CeFi or DeFi liquidity and staking.
Founded in 2014 Emirex is dedicated to building the infrastructure for the new digital economy, making VNX Euro and VNX CHF available on Emirex unlocks a new audience ready to explore the possibilities of commodity-backed tokens.
“We are thrilled to launch new fiat-referencing tokens and introduce new ways for our clients to utilize commodity-backed crypto in their investment strategies,” says Alexander Tkachenko, Founder and CEO of VNX. “Launching these tokens is a big step forward in bringing stable and reliable digital assets to a global community.”
“Launching VNX’s fiat-referencing tokens on our platform unlocks new opportunities for crypto investors in EMEA to expand their portfolios,” says Greg Mars, Co-Founder of Emirex. “Expanding digital assets backed by precious commodities offers a defined route with an inherent value for users to explore crypto on their own terms.”
Launched in Liechtenstein in 2022, VNX is an FMA-registered platform for investment in tokenized precious metals, which facilitates the purchase, sale, and storage of precious metals. The VNX platform accepts fiat and crypto payments, enabling its users to easily and efficiently manage transactions of physical commodities with its digital tokens at low fees and with guaranteed security of assets. VNX Gold tokens represent ownership of physical gold in the specific numbered bullion, which is stored in a high-security vault in Europe. Each VNX Gold token represents one gram of pure LBMA-certified physical gold. For more information, visit: www.vnx.li.
Based in Estonia, Emirex was launched in 2014 and became a network of enterprises using blockchain technology to ease asset trading and completely disrupt how people use crypto. Emirex is an exchange and marketplace for trading digital assets that improves economic freedom by developing censorship-resistant public networks. To learn more, visit https://emirex.com/.