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.
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