VNX, a Liechtenstein-licensed token generator, today announces the integration of its stablecoins* VNX Euro (VEUR), VNX Swiss Franc (VCHF) and VNX British Pound (VGBP) on the Concordium blockchain. The addition gives businesses and consumers alike on Concordium simple, compliance-ready access to non-USD liquidity and on-chain FX across three major European currencies.
VCHF, VEUR and VGBP are wallet-native, protocol-level tokens (PLTs) on Concordium rather than smart-contract balances. This design reduces code risk, simplifies custody and improves operational assurance for institutions. Concordium’s built-in ID layer with zero-knowledge proofs further enables privacy-preserving checks (e.g., jurisdiction or age attributes) — a practical foundation for payments, settlements and programmable disbursements.
EUR, CHF, GBPreferenced stablecoins on Concordium broaden everyday use beyond trading: treasury moves between European currencies, supplier payments, payroll and cross-border settlements — while enabling on-chain FX pairs between VEUR, VCHF and VGBP. Because tokens are native PLTs with protocol-level controls, businesses can automate releases, approvals or geographic restrictions without exposing funds to typical smart-contract risks.
“Our focus is on utility,” said Alexander Tkachenko, CEO of VNX. “Users need stable, usable rails to move funds, settle invoices and manage treasuries in VEUR, VCHF and VGBP. Concordium’s wallet-native tokens and built-in ID make that simple and secure.”
“We’re delighted to welcome VNX’s multi-currency stablecoins,” said Boris Bohrer-Bilowitzki, CEO of Concordium. “With VNX live on PLTs, organisations on our network gain straightforward access to non-USD flows and on-chain FX, built on secure, compliant-ready rails.”
VEUR, VCHF and VGBP on Concordium are available on the VNX Platform and live for wallet-to-wallet transfers at the protocol layer. Integration with Concordium-compatible wallets and service providers will continue to expand following launch.
About VNX Stablecoins
VNX Euro (VEUR), VNX Swiss Franc (VCHF), and VNX British Pound (VGBP) are fiat-referenced tokens created under a regulatory framework by a Liechtenstein-based company registered with the FMA. They are fully backed by reserves and offer transparency through regular audits published on the VNX website at www.vnx.li. Designed to support cross-border payments, savings, and on-chain FX trading, VNX stablecoins already live across multiple blockchains, including Ethereum, Solana, Polygon, Avalanche, Tezos, Stellar, Celo, Base and now Concordium.
About Concordium
Concordium (https://www.concordium.com/) is a secure, scalable Layer-1 with protocol-level tokens and built-in identity, designed to make stable, programmable money usable at scale for enterprises and consumers alike.
* The term “stablecoin” is used herein for marketing purposes. VEUR, VCHF and VGBP are fiat referenced tokens which details are set out in the VNX GOLD BASED FIAT REFERENCED TOKENS TERMS AND CONDITIONS which are available for review at www.vnx.li
This crypto-asset marketing communication has not been reviewed or approved by any competent authority in any Member State of the European Union. The offeror of the crypto-asset is solely responsible for the content of this crypto-asset marketing communication.
