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, becoming one of the exchanges to offer VNX’s asset-backed token tied to precious metals.

“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.”

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 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.

“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”