> For the complete documentation index, see [llms.txt](https://vnx.gitbook.io/vnx-global/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://vnx.gitbook.io/vnx-global/introduction.md).

# Introduction

*Regulated stablecoin infrastructure for institutions and developers — backed 1:1, segregated, and audited under a Bermuda Class M licence.*

## Overview

VNX Global Ltd is a Bermuda exempted company holding a Class M digital-assets business licence from the Bermuda Monetary Authority (BMA) under the Digital Asset Business Act (DABA). VNX issues fiat-backed stablecoins (VCHF, VGBP), and arranges crypto-fiat conversions across institutional and developer audiences.

This documentation has two doorways. Read the **Institutional** track for governance, reserves, custody, and product mechanics framed for CFOs, treasury, compliance, and risk readers. Read the **Developer** track for integration concepts, flows, guides, and API references.

## Choose your track

| You are…                                                                       | Start here             |
| ------------------------------------------------------------------------------ | ---------------------- |
| **CFO, Treasury, Compliance, or Risk reader** evaluating VNX as a counterparty | Institutional overview |
| **Developer or integration engineer** building on VNX                          | Developer overview     |

## What VNX offers

* **Fiat-backed stablecoins.** VCHF (Swiss franc) is live; VGBP (British pound) is live. Each is 100% backed by segregated reserves with at-par redemption.
* **Crypto-fiat conversion.** An on/off-ramp between traditional rails and digital assets, executed via regulated third-party providers under an arranger model.

## Trust commitments

* 100% backing of stablecoins by fiat reserves; at-par redemption guarantee.
* 10% of total reserves held in immediately accessible cash; remainder in deposits with maximum 48-hour redemption.
* 99.5% platform-uptime target with a 24-hour business-continuity recovery objective.

## Related

* [Institutional overview](/vnx-global/institutional/overview.md)
* [Developer overview](/vnx-global/developer/overview.md)
* [VNX Global Ltd](/vnx-global/vnx-global-ltd.md)
* [Reserve Transparency](/vnx-global/transparency/reserve-transparency.md)
* [Glossary](/vnx-global/glossary.md)