Leading cryptocurrency exchange LBank, adds VNX Gold to its platform, becoming one of the exchanges to offer VNX’s asset-backed token tied to precious metals
Liechtenstein, November 2022 — VNX, Europe’s first regulated platform for investing in tokenized precious metals, announces that VNX Gold token is available on a top virtual asset exchange LBank. VNX Gold tokens represent an ownership stake of physical gold bullion certified by the London Bullion Market Association (LBMA). As the premier token of the VNX platform, VNX Gold empowers users to invest in tokenized precious metals as an alternative to traditional stablecoins. Each gold bar is stamped with a unique serial number, linking it with its respective VNX Gold tokens.
Crypto investors have learned some hard lessons on the risks that come from digital assets correlating too closely with traditional markets. While the crypto market is no stranger to volatility, casual investors and traditional institutions may have felt the burn too quickly. But tokens backed by valuable commodities can preserve investors’ value as other assets plummet during times of instability.
LBank users get access to VNX Gold tokens issued on Ethereum and Q blockchains. Q is a novel Layer 1 blockchain that offers the highest level of security for high-value use cases such as asset-backed tokens.
LBank represents increased visibility for VNX Gold to investors across Asia. As a key player in the crypto space, LBank grants users professional management solutions in addition to a full suite of crypto services.
“We are thrilled to see VNX Gold listed on LBank,” says Alexander Tkachenko, Founder and CEO of VNX. “ It exemplifies VNX’s potential to grow and reach investors around the world and in championing asset-backed tokens as an important crypto pillar.”
“VNX Gold is the first asset-backed token on Q and we are excited about its listing on LBank exchange. Q is the ideal platform for high-value use cases such as asset-backed tokens like VNX.” says Nicolas Biagosch, from Q Development AG. “Making VNX Gold available on LBank exchange is a great way to introduce new users to the exciting and growing Q ecosystem”
Launched in Liechtenstein in 2022, VNX is an FMA-registered platform for investment in tokenized precious metals, which facilitates the purchase, sale, and storage of precious metals. The VNX platform accepts fiat and crypto payments, enabling its users to easily and efficiently manage transactions of physical commodities with its digital tokens at low fees and with guaranteed security of assets. VNX Gold tokens represent ownership of physical gold in the specific numbered bullion, which is stored in a high-security vault in Europe. Each VNX Gold token represents one gram of pure LBMA-certified physical gold. For more information, visit: www.vnx.li
LBank Exchange, founded in 2015, is an innovative global trading platform for various crypto assets. LBank Exchange provides its users with safe crypto trading, specialized financial derivatives, and professional asset management services. It has become one of the most popular and trusted crypto trading platforms with over 76.4 million users from now more than 210 regions around the world. To learn more, visit https://www.lbank.info/
About Q Blockchain
Q is a novel blockchain with a focus on transparent and enforceable governance.
Q’s vision is to create a comprehensive governance framework for the decentralized world, thereby enabling the most demanding applications and use cases. With its unique two-tier node system and a dispute resolution mechanism that is integrated into the protocol, Q offers unparalleled security. To learn more, visit https://q.org/