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 two new liquidity pools on Phoenix, a pioneering decentralized finance (DeFi) platform built on the Stellar blockchain using Soroban. Phoenix is designed to offer unique opportunities for users to diversify their portfolios and engage with innovative projects in the rapidly growing DeFi space.
Integration with Soroban: Leveraging the advanced Stellar smart contract system ensures high-speed, secure contract execution, making the platform one of the fastest on the market.
Low Transaction Fees: With minimal transaction costs, Phoenix is accessible for a broad user base, reducing barriers to entry for both new and experienced investors.
Full Decentralization: Users maintain control of their assets, eliminating the need for intermediaries and enhancing the security of their funds.
Flexible Asset Management: The platform supports various digital assets and enables seamless integration with other DeFi applications, offering users greater flexibility in managing their portfolios.
The Stellar blockchain further enhances Phoenix’s value by providing several key features:
Fiat integration: Stellar enables the tokenization of fiat currencies through partnerships with banks and financial institutions, bridging the gap between traditional finance and blockchain-based solutions. This makes Phoenix pools like USDC/VEUR and USDC/VCHF even more attractive to users seeking secure digital assets tied to real-world value.
Energy efficiency: Stellar uses significantly less energy compared to Proof-of-Work blockchains, making it a more sustainable option for decentralized finance and asset management.
High transaction speeds: Transactions on Stellar are processed within 3-5 seconds, thanks to the Stellar Consensus Protocol (SCP), making it one of the fastest blockchains on the market.
Scalability: The network’s architecture is designed to handle a high volume of transactions per second, ensuring that the network remains efficient even during periods of high demand.
VNX Euro (VEUR) and VNX Swiss Franc (VCHF) – Stability in a Dynamic Market
In addition to the new Phoenix pools, VNX continues to highlight the significance of VNX Euro (VEUR) and VNX Swiss Franc (VCHF), combining the security of traditional fiat currencies with the advantages of blockchain technology. Fully backed one-to-one by Euro and Swiss Franc reserves, VEUR and VCHF offer liquidity, transparency, and stability for cross-border transactions and DeFi participation.
VCHF, one of the few Swiss franc-referencing tokens on the market, offers users a digital asset tied to one of the world’s most trusted currencies. Both VEUR and VCHF are issued by VNX, a European token generator registered with the Liechtenstein Financial Market Authority (FMA), ensuring the highest levels of compliance and transparency.
Phoenix is designed to serve as a comprehensive ecosystem for digital finance, offering users an array of financial solutions that enhance accessibility and inclusion. Its focus on low transaction fees and efficient smart contract deployment allows users to engage seamlessly with a variety of investment options, making it an ideal platform for both novice and experienced investors. By integrating VEUR and VCHF into its offerings, Phoenix aims to create synergistic opportunities that align with the growing demand for sustainable investments.
“We are thrilled that VEUR and VCHF, are now part of Phoenix’s liquidity pools, offering stability to users in the fast-evolving DeFi market,” said Alexander Tkachenko, CEO of VNX.
“We are happy that VEUR and VCHF are now part of our offerings, enhancing trading possibilities and reinforcing Stellar’s role as a cornerstone of the digital financial ecosystem.” said Milan Steiner, Co-Founder at Phoenix. “These new pools are designed to empower investors by providing them with access to unique opportunities that align with the growing demand for sustainable and high-growth investments.”
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.
Phoenix Hub is a pioneering decentralized finance (DeFi) platform built on the Stellar blockchain, designed to be a comprehensive ecosystem for digital finance. Committed to enhancing financial inclusion, Phoenix offers a suite of innovative solutions that empower users to engage in various investment opportunities with ease and confidence.
At Phoenix, we focus on creating a seamless experience for both novice and experienced investors, providing access to unique protocols that are designed to drive synergy across the platform. Our commitment to low transaction fees and efficient smart contract deployment is facilitated by Stellar smart contracts platform, Soroban, which enables rapid and cost-effective interactions within the ecosystem.
With a strong emphasis on sustainability and high-growth investments, Phoenix is dedicated to meeting the evolving needs of the DeFi community. We aim to foster an environment where users can explore, invest, and thrive in the digital economy.
