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VNX Euro is a stablecoin issued by VNX Commodities, a Liechtenstein-registered firm. Backed by tokenized gold, it operates on multiple blockchains to facilitate trading, hedging against volatility, and earning yields in decentralized finance. The project plans to expand its multichain presence and list on additional cryptocurrency exchanges.
VNX Euro (VEUR) is a token linked to the Euro, issued by a token generator that holds a license under Liechtenstein’s Blockchain act.
VNX Euro (VEUR) provides a digital version of a traditional asset by being pegged to fiat currency. The creation of VEUR tokens and all related services are managed by VNX Commodities, an entity registered with the Liechtenstein Financial Market Authority (FMA) in accordance with the Tokens and TT Services Providers Law (TVTG).
VNX is a Liechtenstein-based firm also registered with the FMA. In April 2022, the company introduced its European platform for investing in tokenized traditional assets and issued VNX Gold (VNXAU), the first European multichain token fully backed by physical gold that signifies individual ownership. By December 2022, VNX expanded its offerings by adding VNX Euro (VEUR) and VNX Swiss Franc (VCHF). These tokens are linked to their respective fiat currencies, broadening investor opportunities in the crypto sector. According to the team, these stablecoins allow users to trade in native currencies and manage portfolios more efficiently, providing additional options for hedging, trading, and generating profit.
The project intends to broaden access to VNX Euro (VEUR) by adding it to more cryptocurrency exchanges. Additionally, the team plans to launch the token on multiple blockchains to establish a multichain presence.
VNX Euro (VEUR) is recognized as Europe's first token linked to the Euro, issued by VNX Commodities. This entity operates as a licensed token generator under Liechtenstein’s Blockchain Act. The stablecoin connects conventional finance with the cryptocurrency sector by providing a digital asset that mirrors the Euro’s value and is secured by tokenized gold.
The primary appeal of VNX Euro is its capacity to offer a dependable and steady asset within the crypto space. It supports various functions, such as protecting against market fluctuations, facilitating trades, generating returns through diverse investment avenues, and moving value. The token exists on several blockchains, which improves its reach and functionality across different systems.
VNX Commodities, which is registered with the Liechtenstein Financial Market Authority (FMA), leads the initiative. This regulatory oversight guarantees adherence to rules and provides users with added confidence and safety. VNX Euro (VEUR) debuted in December 2022, arriving after the release of VNX Gold (VNXAU) and VNX Swiss Franc (VCHF), thereby broadening the selection of digital assets connected to traditional currencies.
Holders can use VNX Euro to shield themselves from crypto market volatility, maintaining a stable store of worth when markets decline. It also enables fast and effective trading on both centralized and decentralized exchanges. Furthermore, individuals can generate income by lending, supplying liquidity, staking, and pursuing other investment chances within both centralized finance (CeFi) and decentralized finance (DeFi) environments.
VNX Euro (VEUR) merges conventional finance with advanced blockchain systems. Issued by a token generator licensed under Liechtenstein’s Blockchain Act, this digital Euro aims to tokenize real-world assets for digital investment access.
Operating on a multichain platform, VEUR utilizes multiple blockchain networks to boost versatility and cross-ecosystem accessibility. The underlying technology guarantees security and transparency by recording every transaction on an immutable public ledger, which aids in fraud prevention and auditability.
To guard against malicious actors, the blockchain employs consensus mechanisms like Proof of Work (PoW) or Proof of Stake (PoS). These require participants to solve mathematical problems or stake tokens, making it practically infeasible for any single entity to control the majority of computational power or tokens needed to manipulate the network.
VEUR is also backed by tokenized gold, meaning each circulating token has an equivalent gold reserve. This structure adds stability, offers intrinsic value, and provides a hedge against cryptocurrency market volatility. Investors may use VEUR to protect assets, trade for other digital assets, or participate in decentralized finance (DeFi) applications.
Regulatory compliance is central to its framework. VNX Commodities, the issuer, is registered with the Liechtenstein Financial Market Authority (FMA) under the Tokens and TT Services Providers Law (TVTG). This oversight ensures that token generation and services meet strict financial regulations, enhancing investor trust.
In April 2022, VNX launched its European platform for investing in tokenized traditional assets, introducing VNX Gold (VNXAU), which is fully backed by physical gold. By December 2022, the company expanded its lineup with VNX Euro (VEUR) and VNX Swiss Franc (VCHF). This allows investors to interact with digital assets linked to traditional currencies, facilitating trading in native currencies, better portfolio management, and exploration of opportunities in both centralized finance (CeFi) and DeFi.
The multichain design allows VEUR integration across various networks, supporting VNX’s strategy to list on more exchanges and improve liquidity. Users can employ VEUR for hedging, rapid trading on centralized and decentralized exchanges, and earning yields through lending, liquidity provision, staking, and other crypto ecosystem investments.
VNX Euro (VEUR) is a digital token issued by VNX, a firm licensed under the Blockchain Act in Liechtenstein. It combines the stability of the Euro with the flexibility of digital assets, serving as a reliable instrument for crypto market operations.
As a stablecoin pegged to the Euro, VEUR helps reduce the volatility typical of cryptocurrencies. This makes it a useful tool for hedging, allowing investors to shield their portfolios from the unpredictable price swings of other digital assets.
The token also supports seamless trading by enabling easy exchange with the Euro. Users can quickly buy and sell cryptocurrencies on both centralized and decentralized exchanges, which improves liquidity and creates more trading opportunities.
In the decentralized finance (DeFi) sector, VEUR allows users to lend, provide liquidity, and stake to earn returns. These activities let participants generate passive income within the DeFi ecosystem while keeping their funds in a stable asset.
VEUR operates across multiple blockchain protocols, including Ethereum, Polygon PoS, Q blockchain, and Solana. This multichain presence enhances accessibility and utility, facilitating value transfers between different networks and supporting cross-chain transactions.
Furthermore, VEUR is backed by allocated physical precious metal, adding a layer of reliability by linking the digital token to tangible assets.
On the Tezos blockchain, VNX Euro provides scalable financial solutions for secure and efficient cross-border value transfers. This offers a swift and cost-effective alternative to traditional banking systems for international transactions.
VNX Euro (VEUR) is a stablecoin pegged to the euro and secured by tokenized gold. It is developed by VNX, a firm based in Liechtenstein that is registered with the Liechtenstein Financial Market Authority (FMA) under the Tokens and TT Services Providers Law (TVTG). The project seeks to become the leading European stablecoin issuer, offering a dependable asset for digital infrastructure.
A major milestone occurred in April 2022, when VNX introduced its European platform for investing in tokenized traditional assets. This launch included VNX Gold (VNXAU), described as the first European multichain token fully backed by physical gold, which establishes individual ownership of the metal.
In December 2022, the portfolio grew with the addition of VNX Euro (VEUR) and VNX Swiss Franc (VCHF). These tokens track their corresponding fiat currencies, allowing investors to trade in native currencies and manage holdings more efficiently. Their release gave crypto users additional tools for hedging, trading, and generating profit, thereby increasing the flexibility of digital assets linked to traditional money.
VEUR operates on several blockchains, such as Ethereum, Polygon PoS, Q blockchain, and Solana. This multichain strategy allows the token to function across different platforms, boosting its reach and usefulness in decentralized finance. Its value is further supported by backing from allocated physical precious metals.
The initiative also emphasizes institutional-grade custody solutions for digital assets, aiming to make VEUR a trustworthy option for both retail and institutional clients. VNX’s regulation under the Blockchain Act in Liechtenstein highlights its dedication to compliance and transparency.
Future goals include listing VEUR on more cryptocurrency exchanges to widen access. There are also plans to deploy the token on additional blockchains to strengthen its multichain features.
Users can employ VNX Euro for various activities, such as protecting against crypto market volatility, trading on centralized and decentralized exchanges, and earning yields through lending, liquidity provision, staking, and other investment methods in both CeFi and DeFi sectors.
VNX Euro (VEUR) is a tokenized version of the Euro established under Liechtenstein’s Blockchain Act. The key figure behind its creation is Alexander Tkachenko, an angel investor and serial entrepreneur based in Luxembourg. He serves as the Managing Partner of 2be.lu, a venture capital fund in Luxembourg, and holds a portfolio comprising 17 companies within the crypto asset and blockchain sectors. His broad professional background across multiple industries provided the expertise necessary to launch VNX Euro. The initiative seeks to digitize traditional assets, thereby expanding investment opportunities in the cryptocurrency market.