- VNX, launches its platform for efficient management of precious metal transactions with digital tokens.
- The first tokenized precious metal on the platform is VNX Gold, based on Ethereum.
- VNX Gold represents an ownership stake in physical gold bullion .
VNX, the first European regulated platform for investment in tokenized precious metals, has launched its platform for the efficient management of precious metal transactions with digital tokens.
The first tokenized precious metal on the platform is VNX Gold, based on Ethereum. It represents an ownership stake in physical gold bullion certified by the London Bullion Market Association (LBMA).
A unique serial number stamped on each gold bar links it with the respective VNX Gold tokens, which are available on the VNX platform under the ticker VNXAU.
VNX platform allows users to purchase tokenized gold in the form of VNX Gold tokens using Euros, Ether, or Bitcoin from anywhere around the world in just a few clicks.
Each VNX Gold token represents ownership of one gram of physical gold and offers investors all the advantages of its underlying commodity merged with the flexibility of a crypto asset.
Users can transfer their VNX Gold tokens to any Ethereum wallet while the physical gold is stored in a vault in Liechtenstein with full insurance and zero storage fees. Holders can also collect their physical gold or receive a minimum of one kilogram of gold via global delivery.
Speaking on the new development, Alexander Tkachenko, Founder and CEO of VNX said;
Our secure platform and tokens backed by gold offer clients a cutting-edge way to invest in precious metals, without the headache of traditional ownership associated with storage, transportation, etc. We are thrilled to launch our tokenized gold which can be used as a hedge against market uncertainty and stored in a digital wallet.
Gold remains a hedge against inflation
Gold has persevered as an inflation hedge, historically bringing stability to investors during market volatility. It continues to do so now, as it trades at its highest price since last June.
Therefore the stability of this commodity makes it a safe bet amid market crashes or general uncertainty, bringing apprehensive investors a more diversified portfolio along with peace of mind.
What is VNX?
VNX, the first European regulated platform for investment into tokenized precious metals. It is compliant with Liechtenstein’s Tokens and TT Services Providers Law (TVTG, also known as the Blockchain Act) and regulated by the Financial Market Authority (FMA).
VNX internally carries out all necessary tokenization services. The VNX platform is KYC and AML compliant, providing the institutional-grade standards of investor protection for a reliable hedge instrument for crypto investors.
