Executive Summary

VNX Swiss Franc, as a fiat referencing token, or FRT, is a multichain token with exchange rate-referencing fiat currency that has VNX Gold (tokenised physical gold) as a base. VNX Gold may be replaced by other types of reserves, with the underlying gold price hedged. FRT is available through the platform operated by VNX at VNX Platform. FRT can be generated in exchange for VNX Gold.

For more information about FRT please read FRT Terms and Conditions at www.vnx.li; about VNX Gold and the VNX Platform, see VNX Terms and Conditions and VNX Gold white paper. FRT reserves are managed according to the Reserves Management Policy, which can be found here.