VNX, a European tokenization platform, and Lambda256, the blockchain tech arm of Dunamu, have teamed up to create a global security token offering (STO) business. This collaboration aims to provide customers with secure and compliant access to security tokens and asset-backed tokens across continents.
European tokenization platform VNX and South Korean fintech firm Dunamu’s blockchain tech arm, Lambda256, have announced a partnership to develop a global security token offering (STO) business. The collaboration aims to provide customers with access to security tokens and asset-backed tokens across continents. Lambda256, with its Luniverse blockchain platform, will contribute its technology to the partnership, while VNX will handle operations and compliance guidance.
Lambda256 has been focusing on the domestic STO market in South Korea, building its business cases and serving over 2,000 corporate clients. The partnership with VNX will allow Lambda256 to leverage VNX’s existing infrastructure and capabilities, enabling it to offer a secure, compliant, and efficient platform for its customers and tap into a global investor base. The collaboration is expected to expand both companies’ networks in the global STO and asset-backed token businesses while enhancing their products.
VNX, headquartered in Luxembourg and Liechtenstein, operates platforms that bridge traditional assets and the crypto world. Its tailor-made solution combines technical infrastructure and integrated services, facilitating the tokenization of various assets. VNX launched its tokenization platform in Luxembourg in 2019 and later established a company registered with the Financial Market Authority of Liechtenstein, offering stablecoins backed by physical gold and fiat currencies.
Lambda256, a leading provider of blockchain cloud services in East Asia, has been at the forefront of the South Korean STO market. It has collaborated with major Korean securities firms following the release of STO regulatory guidelines by the Financial Services Commission of Korea. The partnership with VNX will help Lambda256 explore global markets with significant liquidity and provide support to South Korean STO asset holders and securities firms seeking expansion into overseas markets.
Jo Won-ho, Head of STO Business at Lambda256, highlighted the importance of considering global markets early on in the tokenized securities business.
Alexander Tkachenko, CEO and Founder of VNX, expressed excitement about developing an unparalleled global STO experience and leveraging existing infrastructure to offer customers access to digital assets and services worldwide.
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