VNX, a pioneering Liechtenstein-based company registered by the Liechtenstein Financial Market Authority (FMA) under the Blockchain Act, has unveiled a groundbreaking lineup of digital assets on the Stellar Network. The release includes VNX Euro (VEUR) and VNX Swiss Franc (VCHF) stablecoins. These assets will be accessible on Bitstamp, the world’s longest-running cryptocurrency exchange, allowing anyone to easily buy or sell VNX tokens for traditional currencies or crypto.
VNX Euro (VEUR) and VNX Swiss Franc (VCHF) stablecoins offer users the stability of European fiat currencies coupled with the efficiency and accessibility of cryptocurrencies, facilitating seamless cross-border transactions and unlocking new opportunities in decentralised finance (DeFi). The VNX Swiss Franc is the first Swiss Franc stablecoin on the Stellar Network.
The Markets in Crypto-Assets Regulation (MiCA) has established a legal framework that protects investors, market players, and is driving crypto adoption in Europe, with stablecoins gaining momentum which will also be taken up by VNX. The Euro and Swiss Franc are key European fiat currencies and are the preferred choice for institutional players seeking to enter the crypto space in Europe.
The VNX Euro and Swiss Franc stablecoins are important additions to the Stellar network and are further proof that Stellar is the ideal platform for asset tokenization because it is decentralized, fast, scalable, and sustainable,” said Denelle Dixon, Stellar Development Foundation CEO. “The Stellar network is trusted by many major financial institutions and we’re proud to add VNX’s first-of-its-kind Swiss Franc stablecoin and another Euro stablecoin to the wide variety of tokenized real-world assets on Stellar.
“With the addition of VNX Euro and VNX Swiss Franc, Stellar increases the diversity of stable assets for its developers and financial institutions worldwide by supplementing it with stablecoins referencing native European currencies and attracting European crypto investors.”
We are excited to launch VNX Euro, VNX Swiss Franc on the Stellar blockchain which marks a significant milestone in our journey towards making our stable assets more accessible,” said Alexander Tkachenko, VNX CEO and Founder. “The listing of these assets on Bitstamp will provide global users with unparalleled access to stable assets with confidence and ease.
“VNX’s European HQ, strong partnerships in the region, and European licensing make it a trailblazer in the European crypto market. VNX stands out for its commitment to transparency, regulatory compliance, and innovative tokenization solutions.”
Commenting on the listing, Jean-Baptiste Graftieaux, CEO of Bitstamp said: We are pleased to be a part of launching the first VNX Swiss Franc stablecoin at a time when the crypto market is thriving.
“Stablecoins bridge the gap between traditional fiat currencies and crypto – supporting our goal of increased financial inclusion across the globe. By partnering with such widely trusted players in the space who share our vision of increased regulation, we’re proud to be continuing our mission of mainstream adoption of crypto – and we’re excited to see how it unfolds.”
About VNX:
VNX is a Liechtenstein-based company, registered by the Liechtenstein Financial Market Authority (FMA) under the Blockchain Act, and generates stablecoins referencing two most popular European fiat currencies – VNX Euro (VEUR) and VNX Swiss Franc (VCHF). VNX Euro and VNX Swiss Franc 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 as a generator the first European gold-backed token – VNX Gold (VNXAU) that represents individual ownership of physical gold. VNX tokens are multichain and currently available on Stellar, Ethereum, Polygon, Avalanche, Solana, and Q blockchains with more blockchains coming soon.
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.
Bitstamp is the world’s longest-standing cryptocurrency exchange, continuously providing safe and open access to crypto since 2011. With a proven track record and mature approach to the industry, Bitstamp provides a secure and transparent trading venue to over five million individuals and is the preferred choice for a range of institutional clients seeking a trusted partner to participate in crypto markets. Bitstamp is a sector leader in both security and compliance, with more than 50 licences and registrations secured with financial regulators across the globe.
Stellar is more than a blockchain. Powered by a decentralized, fast, scalable, and uniquely sustainable network made for financial products and services and a thriving and passionate ecosystem that includes a non-profit organization driven by a mission, Stellar is paving the path to unlock the world’s economic potential through blockchain technology. Built with speed and low costs in mind, the Stellar network provides builders and financial institutions worldwide a platform to issue assets, and to send and convert currencies in real time creating real world utility. Founded in 2014, the Stellar Development Foundation (SDF) supports the continued development and growth of the Stellar network and also serves the ecosystem of NGOs, corporations, universities, small businesses, governments, and solo entrepreneurs building on the Stellar network through tooling, funding and strategic collaborations. Together, Stellar is where blockchain meets the real world.
About The Stellar Network
The Stellar network is a decentralized, fast, scalable, and uniquely sustainable blockchain built for financial products and services. It offers builders a protocol optimized for payments, with a design intended to keep fees low and to provide transaction speeds that can scale with increased adoption. Financial institutions and innovators worldwide issue assets and settle payments on the Stellar network, which has processed billions of operations with millions of accounts since the network was first launched.
