VNX Gold (VNXAU) has gone live on Base, introducing the first gold-backed token on this secure, low-cost network. It brings Base users a trusted asset from a European licensed company at a moment of rising global interest in tokenised gold. Global demand for gold remains strong in 2025, underpinned by continued interest in safe-haven assets.
In Q2 2025, total gold demand rose 3% YoY1 — a notable increase for one of the world’s most stable and mature assets — while central banks purchased more than 400 metric tonnes in the first half of the year. At the same time, the market capitalisation of tokenised gold reached $1.4 billion2 in March 2025, reflecting accelerating adoption of digital gold solutions.
This launch builds on the earlier deployment of VNX’s fiat-referenced tokens — VNX Euro (VEUR), VNX Swiss Franc (VCHF), and VNX British Pound (VGBP) — on Base. These stablecoins* have jointly processed more than 300,000 transactions in just two months, highlighting strong adoption and growing appetite for non-USD assets in the ecosystem.
With VNX Gold now live on Base — the secure, developer-friendly Ethereum L2 incubated at Coinbase — users gain a direct onchain bridge to gold. Unlike physical gold holding, VNXAU can be transferred instantly, divided into smaller units, and integrated seamlessly into decentralised applications, all without the costs and complexities of storage or insurance. And for those holding the equivalent of 1 kg or more, VNXAU can be swapped for real gold — collected from a pickup point or delivered as a bar to your door.
“Introducing VNX gold to Base strengthens the onchain economy with an anchor of stability and trust,” said Alexander Tkachenko, CEO of VNX. “As we’ve seen with our fiat-refferencing stablecoins, Base is a place where real-world assets find meaningful traction.”
Advantages of Base
Low fees: Consistently low transaction costs of less than 1 cent make onchain activity efficient and accessible.
Ethereum-grade security: All transactions are ultimately secured by Ethereum’s robust Layer 1.
Consumer-friendly UX: Native support for gasless transactions and wallet integrations improves user experience.
Developer-first tooling: Comprehensive infrastructure and resources have attracted hundreds of projects across DeFi, identity, and onchain commerce.
About VNX Gold (VNXAU)
VNX Gold (VNXAU) is an asset referenced token representing ownership of 1 gram of physical gold, generated by a Liechtenstein-based company registered with the Financial Markets Authority. Each token is fully backed by physical gold stored in secure vaults in Liechtenstein, with transparency ensured via regular audits and real-time reserve dashboards. For users holding equivalent of 1 kg or more, VNXAU can also be redeemed for physical bars, collected in Liechtenstein or delivered. VNXAU is already live on Ethereum, Polygon, Solana, Avalanche, Tezos, Stellar—and now Base. For more details on VNX Gold please review Commodity Token Terms and Conditions available at www.vnx.li
* 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.
