VNX Gold, the best way to own gold. One-of-a-kind platform for tokenized assets. Find out why?
VNX gold is a multichain token, representing direct ownership of physical gold, certified by the LBMA.
VNX Gold, what exactly is it about?
Here is is a digital token based on Ethereum (ERC 20). It represents ownership of specific physical gold bars purchased and stored in the token holder’s name in a highly secure professional vault in the Principality of Liechtenstein.
The VNX Gold token holder is the only lawful owner of the underlying gold subject to successful registration, identification and passing anti-money laundering checks on the VNX Platform.
Thesetokens are freely transferrable on the Ethereum blockchain and can be transferred to any wallet supporting the ERC20 standard.
1 token = 1 gram of gold.
Quality of Gold:
The gold itself complies with the LBMA (London Bullion Market Association) investment standards, is purchased from professional dealers in precious metals and securely stored in a specialized gold bullion storage facility operated by OZL.
This token is backed by real gold bars any holder may (subject to successful registration, identification
and passing anti-money laundering checks on the VNX Platform):
- Obtain physical gold bar in the vault (Liechtenstein) or request delivery of gold to a specified address (with a minimum weight of 1 kg!);
- Instruct VNX Commodities AG to sell gold and receive cash proceeds to a bank account or in supported cryptocurrencies;
- Sell VNX Gold on a third-party crypto exchange (subject to availability).
Gold has proven its attractiveness as an asset class over the ages. It offers some of the highest liquidity in the commodity markets and has more often than not increased in value over time. Investors generally view gold as a good asset for a balanced portfolio.
Gold is also a very attractive hedge against political and economic uncertainty and inflation.
Here is a new form of investment in gold – the purchase of digital assets (tokens) certifying the title to the specific gold bar from the company registered with the Financial Markets Authority of Liechtenstein.
The algorithm for such an investment is simple: a client purchases gold, the gold is put for storage into a specially designated security vault in the name of the client and as a confirmation of the ownership right they receive a digital token (instead of a paper certificate) “recorded” on the Ethereum blockchain. The token can be exchanged for real gold at any time – it can be donated, sold, pledged, or used otherwise.
Each token is unique and confirms the owner’s right to a specific amount of gold from a specific numbered gold bar.
The gold itself complies with the highest LBMA investment standards, is purchased from the professional dealers in precious metals on behalf of the client and deposited in a specialized gold bullion storage facility.
Discover quickly a transparent and user-friendly digital platform that allows you to buy and sell precious metals against euros and crypto-currencies and transfer them 24/7 to any ETH wallet in the world.