UPCX-Platforms PTE., which is based on a high-speed blockchain open-source payment system focused on payments and financial services, is being developed ltd.(UPCX) and VNX Commodities AG (VNX), a leading European company engaged in stablecoin issuance and real-world asset (RWA) tokenization, have agreed to carry out a series of business cooperation, marketing, and mutual value creation.
The contents of the basic agreement are as follows.
Collaborate on the deployment of VNX stablecoins (VEU as well as VCCHF) and product tokens (VNXAU) on the UPCX blockchain.
In particular, in the European Union and Japan, the two parties cooperate on business development and marketing activities.
For the development and deployment of solutions, the two parties will effectively use and integrate the technologies of both companies.
UPCX is committed to optimizing financial solutions and payment models through blockchain technology, aiming to provide more convenient blockchain payment services for users around the world.
VNX is a Liechtenstein-based company registered under the Blockchain Act by the Liechtenstein Financial Market Authority (FMA). The company issued the Multichain Token coins "VNX Euro (VEU)" and "VNX Swiss Franc (VCHF)", which are pegged to the euro and the Swiss franc, two of the EU's two main fiat currencies, respectively. It combines the advantages of traditional fiat currencies with the convenience of cryptocurrencies to enable fast, low-cost, 24-hour, 365-day, 24-hour international remittances, providing an opportunity for the realization of a huge volume of DeFi (decentralized finance) based on stable assets. VNX has also issued the first European**-backed token, VNX Gold (VNXAU), which represents sole ownership of the physical goods**.
Since its inception, UPCX's goal has been to deploy a blockchain payment network that is legally compliant and truly practical in terms of user convenience and scalability on a global scale. I believe that our partnership with VNX, a pioneer in European compliant asset tokenization and stablecoin issuance, will be an important step in UPCX's mission. ”
VNX aims to broadly deploy a variety of traditional financial assets into the world of crypto assets. VNX complies with European laws and regulations and prioritizes security, reliability, and user convenience, which is highly consistent with UPCX's goal of pursuing a highly convenient and practical scalable network. ”
UPCX will continue to focus on partnering with various blockchains and crypto-asset companies to further expand its business around the world.
UPCX-Platforms PTE is a company specializing in the development of digital asset trading applications, based on blockchain technology, committed to providing a secure, transparent and compliant platform for users around the world.