The arrival of VEUR, VCHF and VNXAU on Solana usher in a new era for seamless transactions, while the first liquidity pools on Orca expand opportunities for the DeFi community.
VNX, a renowned European player of real-world asset tokenization, has marked a new milestone with the launch of its stablecoins, VNX Euro (VEUR), VNX Swiss Franc (VCHF) and tokenized gold VNX Gold (VNXAU) on the Solana blockchain. The move emphasizes VNX’s commitment to broadening the utility and accessibility of stable assets within the digital ecosystem.
VNX diversifies the stable asset landscape in the crypto market, presenting alternatives for users seeking stability and flexibility beyond USD-pegged stablecoins. By merging the reliability and familiarity of European fiat currencies as well as physical gold with the efficiency and convenience of cryptocurrency transactions, VNX delivers a compelling and resilient option for managing digital assets in the evolving financial landscape.
The integration of VNX’s stable assets on Solana unlocks a spectrum of potential applications, offering users faster transactions, lower fees, and enhanced DeFi interoperability. This expansion provides an avenue for users to effectively manage investment portfolios, engage in cross-border transactions, and seamlessly integrate stable assets into an array of DeFi protocols.
Alexander Tkachenko, CEO and Founder of VNX, commented, “Our commitment to building on Solana is a testament to our unwavering dedication to providing efficient and secure financial solutions across multiple blockchain networks.”
In addition to the token launch on Solana, VCHF and VEUR were added to liquidity pools with MSOL, bSOL, and JitoSOL on Orca, an Automated Market Maker (AMM) based decentralized exchange (DEX) built on top of the Solana blockchain. This creates an avenue for users to engage in seamless and efficient transactions with VNX tokens. The integration of VNX’s stable assets into Orca’s liquidity pools marks a step forward in expanding the reach and utility of VNX stablecoins.
Nathan – Head of BD, Orca expressed the positive impact of adding stablecoins to the DeFi space, stating, “VNX’s offering brings exciting new assets online, giving users the ability to access new markets that were previously unavailable on-chain. Deployment on Orca enables trading these assets with the tight spreads and near instant settlement that are only possible on Solana.”
Additionally, VNX tokens, including VEUR, VCHF, and VNXAU on Solana are now accessible on centralized exchanges such as Emirex, on the VNX platform and further expanding user accessibility and enabling wider token circulation within the crypto space.
VNX Commodities AG, registered with the Liechtenstein Financial Market Authority (FMA) under the Blockchain Act. 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.
About VNX:
VNX (www.vnx.li) is a European company bringing real world assets (RWA) to the crypto world.
VNX Commodities AG, a Liechtenstein-based company, registered by the Liechtenstein Financial Market Authority (FMA) under the Blockchain Act, generates multichain tokens 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 the first European gold-backed token – VNX Gold (VNXAU) that represents individual ownership of physical gold.
