> 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/vnx-global-ltd.md).

# VNX Global Ltd

*Bermuda-licensed digital-assets issuer building regulated, fiat-par stablecoin infrastructure for institutional and developer audiences.*

## Overview

VNX Global Ltd is a "Bermuda exempted company limited by shares which holds a Class M digital assets business license" from the Bermuda Monetary Authority (BMA). The licence permits VNX to act as a digital-assets exchange, payment service provider, and digital-assets service vendor under the Digital Asset Business Act (DABA).

VNX's purpose is to bring institutional discipline to stablecoin issuance: 100% fiat backing, segregated reserves, transparent governance, and at-par redemption. The company issues VCHF and VGBP stablecoins and arranges crypto-fiat conversion through regulated providers.

## Key benefits

* **Bermuda Class M oversight** brings a familiar, transparent regulatory perimeter with explicit BMA notification, capital, and reporting duties.
* **100% backed reserves** held in segregated bank accounts at Bermuda Commercial Bank (BCB) and other regulated institutions, ensuring at-par redemption.
* **Conservative risk policy** focuses on sustainable growth rather than utilising maximum regulatory capital tolerance.

## Corporate identity

| Attribute             | Value                                                                            |
| --------------------- | -------------------------------------------------------------------------------- |
| Legal entity          | VNX Global Ltd                                                                   |
| Form                  | Bermuda exempted company limited by shares                                       |
| Regulator             | Bermuda Monetary Authority (BMA)                                                 |
| Licence               | Class M digital-assets business licence under DABA                               |
| Authorised activities | Digital-assets exchange, payment service provider, digital-assets service vendor |
| Banking custodian     | Bermuda Commercial Bank (BCB)                                                    |

## How it works

Operations are anchored at regulated banks. Customer fiat is held in dedicated segregated bank accounts at BCB and partner institutions; stablecoin reserves sit in fiduciary accounts. VNX uses bankruptcy-remote structures so that reserves are "legally ring-fenced and structured so that neither the Company including its affiliates, nor creditors can claim the assets".

## Mission and conduct

VNX's mission is to make stablecoin and digital-asset access institutionally credible: regulated under DABA, transparent about reserves, and disciplined about risk. The conservative-growth posture means VNX optimises for redemption certainty and counterparty trust, not for aggressive balance-sheet utilisation.

## Related

* [Regulatory Framework](/vnx-global/institutional/regulatory/regulatory-framework.md)
* [Reserve Transparency](/vnx-global/transparency/reserve-transparency.md)
* [Glossary](/vnx-global/glossary.md)