VNX selects NEM as blockchain partner to improve protocols and standards for operating digital assets - Reuters

 

VNX selects NEM as blockchain partner to improve protocols and standards for operating digital assets

VNX selects NEM as blockchain partner to improve protocols and standards for operating digital assets

Thu Oct 25, 2018 - 10:45am UTC

Their partnership will help develop protocols and standards for operating digital assets on the NEM blockchain

United Kingdom – October 25, 2018

VNX Exchange, the marketplace platform for tokenized venture capital assets, announces a partnership with NEM, a leading blockchain application platform. Through this partnership, VNX Exchange and NEM will develop protocols and standards for operating digital assets on the NEM blockchain through their entire life cycle.

VNX aims to reduce financial barriers for regular investors and unlock venture capital as an asset class for a much broader, global investor base that includes those who previously lacked the the opportunity to invest in VC.

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.

VNX Exchange and NEM are working to develop a liquidity program to incentivise VC funds investing in startups involved in the NEM ecosystem. VC funds will be able to participate in initial digital assets offerings on the VNX platform, achieving optimal liquidity. XEM will be offered as one of the currencies on the VNX platform.

“Our partnership with NEM and the opportunities it introduces for the digital assets 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.”

“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 digital assets offering. We also look forward to growing NEM’s ecosystem by leveraging VNX’s platform.”

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.

About NEM
The NEM Foundation is endorsed by an international network compiled of a wealth of experience in IT, entrepreneurship, business processes, property and asset development, international management and academia. The business’ ethos is to provide NEM’s blockchain technology platform to enhance enterprise whilst being run by the people, for the people. NEM’s team provides this through an array of support and education, from training events and service providers to technical support for the ecosystem.

For more information, please visit: https://vnx.io/

Contact Info:
Name: Amanda Hayward / Alexandra Tinsman
Email: Send Email
Organization: VNX Venture Exchange
Address: Venture Exchange, 4 Rue Jean Engling, 1466 Luxembourg City, Luxembourg
Phone: +44 (0) 808 155 1938

This content is produced independently of Reuters Editorial News. For content inquiry, please contact reuters@vcnewsnetwork.com

This content is not produced by Reuters Editorial News. It is produced by VC NewsNetwork. For content enquiry, please reach us at

Latest News >

AnyMind Group completes US$21.4 million Series B and acquisition of Thailand’s Moindy Digital

This puts the Series B round for the AI solutions provider targeting advertising, HR and influencer marketing at a total of US$24.1 million.

09:27am UTC

Removed

Their partnership will help develop protocols and standards for operating digital assets on the NEM blockchain United Kingdom – October 25, 2018 — VNX Exchange, the marketplace platform for tokenized venture capital assets, announces a partnership with NEM, a leading blockchain application platform. Through this partnership, VNX Exchange and NEM will develop protocols and standards […]

22:45pm UTC

Singapore Based Zuzu Hospitality Solutions Raises US$3.7M For Series A

The fresh funds will be used to accelerate the company’s APAC expansion.

08:00am UTC

Thailand’s PACE sells stake in Dean & Deluca Japan for US$10 million

PACE Development Corporation has sold its 50 percent stake ownership in Dean & DeLuca Japan to Welcome Co Ltd.

14:50pm UTC

Insurtech startup Saphron completes US$1 million in seed funding from Sage Venture, Talino Labs

The insurance startup thus aims to make financial inclusion a reality in Southeast Asia.

02:14am UTC