Token Issuance & Trading Platform VNX Exchange Announces Launch and First Asset Backed Token

VNX Exchange, a Luxembourg based Fintech, has officially launched. The token issuance and trading platform kicked things off with the issuance of its first asset-backed digital asset during the Global Venture Summit in Luxembourg. The launch ceremony was followed by a panel discussion on “Digital Assets” and the implication for the venture capital industry. VNX seeks to alter the way venture funds raise capital via the issuance of digital assets.

The first digital asset issued is a token backed by convertible bonds issued by Streami, a South Korea based blockchain firm. Streami is the owner of  GOPAX , a top South Korean crypto exchange and DASK (regulated national crypto depositary service). In 2015, Streami became the first Korean blockchain company to receive an investment from a Korean commercial bank, Shinhan Bank. Other major investors are Fenbushi Capital, BluePoint partners, Digital Currency Group, Strong Ventures and Ryukyung PSG Asset management.

Alexander Tkachenko, CEO and founder of VNX Exchange, said that Streami demonstrates the real usee case of asset-backed tokens.

“We are changing the way how venture funds can raise capital and increase returns,” said Tkachenko.

Junhaeng Lee, co-founder and CEO of Streami, said he strongly believes in the development of asset-backed digital assets. Lee said that VNX shows how fundraising for the VC industry may evolve.

The first digital asset offering of €3 million was announced at the “Ring the bell” ceremony by Alexander Tkachenko, CEO and founder of VNX Exchange, in the presence of Pierre Gramegna, Luxembourg Minister of Finance, and In-kyu Park, The Embassy of the Republic of Korea to the Grand Duchy of Luxembourg.

Gramegna said that “VNX is one of the success stories of Luxembourg House of Financial Technology, the LHoFT”.

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