Global trading platform LBank is adding VNX Gold token (VNXAU), opening a new channel for crypto investors across Asia to easily buy and trade Gold backed tokens, by VNX. LBank users will have access to VNX Gold tokens issued on Ethereum and Q blockchains.
VNX, the first European regulated tokenized precious metal platform, launched in Liechtenstein in 2022. The 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. Each VNX Gold token represents one gram of the London Bullion Market Association (LBMA) certified physical gold.
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.
LBank represents increased visibility for VNX Gold to investors across Asia. As a key player in the crypto space, LBank grants users professional management solutions in addition to a full suite of crypto services.
Alexander Tkachenko, Founder and CEO of VNX, said:
“We are thrilled to see VNX Gold listed on LBank. It exemplifies VNX’s potential to grow and reach investors around the world and in championing asset-backed tokens as an important crypto pillar.”
“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”
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