VEUR

VNX Euro

$1,1593
0,03%
VEURSPLSOLC4Kkr9NZU3VbyedcgutU6LKmi6MKz81sx6gRmk5pX5192024-07-19
VEURERC20ETH0x6ba75d640bebfe5da1197bb5a2aff3327789b5d32022-11-18
VEURERC20POL0xe4095d9372e68d108225c306a4491cacfb33b0972023-07-11
VEURERC20AVAX0x7678e162f38ec9ef2bfd1d0aaf9fd93355e5fa0b2023-06-30
VEURSASXLMVEUR-GDXLSLCOPPHTWOQXLLKSVN4VN3G67WD2ENU7UMVAROEYVJLSPSEWXIZN2024-02-09
VNX Euro (VEUR) is a euro-referencing stablecoin issued by VNX Commodities AG under Liechtenstein’s Blockchain Act. It is backed by reserves such as VNX Gold, built on ERC-20 and multichain standards, and designed for use in payments, exchanges, and DeFi. VEUR ensures parity with the euro through a regulated reserve model, offering institutional-grade trust and cross-chain functionality.

VNX Euro (VEUR) is a fiat-referencing token (FRT) issued by VNX Commodities AG, a company registered and licensed in Liechtenstein under the Blockchain Act as a Token Generator and TT Service Provider. VEUR is designed to track the value of the euro through a reserve system initially backed by VNX Gold, a token linked 1:1 with physical gold stored in secure vaults in Liechtenstein. Over time, reserves may also include other assets, but the token’s structure ensures parity with the euro according to market exchange rates.

VEUR functions as a multichain ERC-20 token and is also compatible with other blockchain standards supported by VNX. It can be issued, transferred, and redeemed on multiple networks, with the ability to bridge across chains via the VNX platform. Holders outside the initial issuance do not have redemption rights directly against VNX but may exchange VEUR through VNX’s exchange service or secondary markets.

  • Payments: Facilitates euro-denominated peer-to-peer payments on-chain, enabling faster and borderless transactions
  • Crypto exchanges: Provides a stable medium of exchange and hedging instrument against volatile cryptocurrencies
  • Decentralized Finance (DeFi): Serves as collateral and liquidity across lending, borrowing, and trading protocols, linking fiat value with open-source financial systems
  • Cross-chain utility: VEUR can be bridged seamlessly across supported blockchains, ensuring interoperability without increasing the total supply.

  • Reserve mechanism: VEUR issuance is backed by reserves, initially gold (via VNX Gold), with reserves always equal to or greater than the outstanding token value
  • Token standard: Implemented as ERC-20 on Ethereum and equivalent standards on other chains, ensuring wallet and exchange compatibility
  • Bridging: The VNX platform allows VEUR to move across blockchains by burning tokens on one network and minting them on another, while keeping the global supply constant
  • Custody: Reserves are held under irregular custody by VNX, with monitoring and compliance governed under Liechtenstein’s Financial Market Authority (FMA) supervision.

VEUR is issued by VNX Commodities AG, founded by Alexander Tkachenko, who also serves as the company’s CEO. The firm is headquartered in Vaduz, Liechtenstein, and operates as a licensed financial entity under the Liechtenstein Financial Market Authority (FMA). Tkachenko, an entrepreneur with experience in venture capital and blockchain innovation, established VNX to connect traditional financial assets such as gold and fiat currencies with blockchain infrastructure. Its earlier product, VNX Gold (VNXAU), laid the foundation for the development of fiat-referencing tokens like VEUR.