Technology

VNX has developed and launched VNX Gold, a multichain digital token that represents the ownership of specific physical gold bars purchased and stored in the VNX Gold token holder’s name in a highly secured professional vault in the Principality of Liechtenstein. Each VNX Gold token holder is the only lawful owner of the underlying gold, subject to successful registration, identification, and passing anti-money laundering checks on the VNX Platform. VNX Gold tokens are freely transferable on the blockchain and can be transferred to any wallet supporting ERC-20 (Ethereum) or other supported blockchain token standards. One VNX Gold token = 1 gram of gold.

Using VNX Gold as a base value, VNX generates fiat-referenced tokens at request and on behalf of customers. FRT is not offered publicly by VNX, instead FRT is generated by VNX at the request and for the benefit of a client (Customer) who has signed the FRT Minting Agreement for FRT generation. In addition, the Customer orders the following service: VNX will hold VNX Gold or reserves replacing it in irregular custody and will ensure that the amount of the reserve must not be lower than the reference value of FRT in fiat currency.