VNX selects NEM as blockchain partner to improve protocols and standards for operating security tokens
SINGAPORE — October 8, 2018. VNX Exchange (www.vnx.io), the world’s first marketplace and trading platform for tokenized venture capital assets, today announced a partnership with NEM (www.nem.io), a leading blockchain application platform. Through this partnership, VNX Exchange and NEM will develop protocols and standards for operating security tokens on the NEM blockchain through their entire life cycle. VNX aims to reduce financial barriers and unlock venture capital as an asset class for a broader, more global investor base, including XEM token holders.
“Our partnership with NEM and the opportunities it introduces for the security token ecosystem worldwide are extremely encouraging,” said Alexander Tkachenko, CEO and Founder of VNX Exchange. “We believe that tokenized assets are the future of capital markets, and that blockchain offers tremendous opportunities to improve how financial markets, especially private ones, operate.”
VNX Exchange and NEM are working to develop a liquidity program to incentivize VC funds investing in startups involved in the NEM ecosystem. VC funds will be able to participate in initial security token offerings on the VNX platform, achieving optimal liquidity. XEM will be offered as one of the currencies on the VNX platform.
“I’m happy to see projects like VNX that are bridging the gap between the mainstream financial industry and the crypto-economy,” said Kristof Van de Reck, Interim President for the NEM.io Foundation. “This partnership gives us the ability to learn more about regulatory compliance specific to our technology and ensures NEM remains at the tip of the spear with regards to security token offering. We also look forward to growing NEM’s ecosystem by leveraging VNX’s platform.”
NEM’s blockchain platform was designed and coded from the ground up for scale and speed. Its permissioned, private blockchain delivers industry-leading transaction rates for international ledgers. Additionally, its revolutionary consensus mechanism ensures NEM’s open, public blockchain can grow without compromising throughput or stability.
About VNX Exchange
Founded by Alexander Tkachenko in 2017, Luxembourg-based VNX Exchange (vnx.io) is creating a regulatory-compliant marketplace to link investors and venture capitalists in search of liquidity. As one of the key financial infrastructure projects in Luxembourg, VNX Exchange is a member of the Luxembourg House of Financial Technology (LHoFT), Infrachain and APSI (L’Association des Professionnels de la Société de l’Information), working closely with key European capital market institutions and advisors to develop an industry-leading platform that will open the VC market to new investors.
VNX Exchange Press Contact: Olesya Sheveleva, firstname.lastname@example.org
About the NEM Blockchain Platform
NEM is an out-of-the-box enterprise-grade blockchain platform which launched in March 2015. NEM has industry leading blockchain features that include: multisignature account contracts, customizable assets, a naming system, encrypted messaging, and an Eigentrust++ reputation system. Companies with legacy systems can “plug ‘n play” with NEM.
About the NEM.io Foundation Ltd
NEM.io Foundation is registered in Singapore and is operating globally. It was launched to promote NEM’s blockchain technology worldwide. It is one of the most well-funded and successful blockchain technology projects in the cryptocurrency industry.