Global Collaboration: European Tokenization Platform VNX Partners with South Korean Blockchain Leader Lambda256

FinanceFeeds Editorial Team

VNX, a European tokenization platform, and Lambda256, a South Korean blockchain leader, have formed a strategic partnership to develop a global security token offering (STO) business, bridging the gap between traditional and crypto assets across continents.

European tokenization platform VNX and Lambda256, the blockchain technology arm of South Korean fintech leader Dunamu, have announced a strategic partnership to co-develop a global security token offering (STO) business. The association represents a transcontinental bridge between Korea and Europe, providing customers with comprehensive services and seamless access to security and asset-backed tokens across multiple continents.

Leveraging the robust capabilities of its proprietary blockchain platform, Luniverse, Lambda256 has swiftly established a strong foothold in the domestic STO market. The partnership with VNX allows Lambda256, which has an impressive portfolio of over 2,000 corporate clients, to use VNX’s existing infrastructure and services, providing its customers with a secure, compliant, and efficient platform to reach a global investor base. Lambda256 will supply blockchain-based technology to VNX as part of this collaboration, while VNX will oversee operation and compliance guidance.

This strategic alliance will broaden Lambda256’s global STO and VNX’s asset-backed token business networks while enhancing their product offerings. VNX, headquartered in Europe with offices in Luxembourg and Liechtenstein, operates platforms that help bring traditional assets into the crypto world. VNX’s custom-made solution amalgamates technical infrastructure and integrated services such as KYC, compliance, and tokenization, facilitating seamless tokenization of various assets.

VNX has made significant strides in tokenization since launching its platform in Luxembourg in 2019. It has also found a company, registered with the Financial Market Authority (FMA) of Liechtenstein, which produces stablecoins backed by physical Gold (VNX Gold – VNXAU) and fiat referencing tokens: VNX Euro (VEUR) and VNX CHF (VCHF). These innovations address the existing gap of reliable assets in the crypto world.

Lambda256 has been at the forefront of the South Korean STO market as an eminent provider of blockchain cloud platforms in East Asia. It has cultivated STO businesses with major Korean securities firms such as Shinhan Investment Corp., Yuanta Securities, and Eugene Investment & Securities, following the release of STO regulatory guidelines by the Financial Services Commission of Korea in March.

“We are pleased to establish a strategic collaboration with VNX, a successful asset tokenization platform operating in Europe. The tokenized securities business should consider global markets with significant liquidity from the early stages. Lambda256 is actively preparing competitive technologies and business platforms that can support South Korean STO asset holders and securities firms looking to expand into overseas markets,” said Jo Won-ho, Head of STO Business at Lambda256.

Alexander Tkachenko, CEO and Founder of VNX, commented, “We are thrilled to partner with Lambda256 to develop an unparalleled global STO experience jointly. We aim to leverage existing infrastructure to offer customers access to various digital assets and services across continents.”

This collaboration is a significant step towards the future of global STO business and a testament to the growing impact of blockchain and tokenization on traditional finance. As Lambda256 and VNX continue to innovate and provide leading-edge solutions, they promise to redefine the landscape of digital assets and tokenized securities globally.

VNX (VNXLU) is a European company dedicated to integrating traditional assets into the crypto world. VNX’s end-to-end platform facilitates the complete lifecycle of digital assets, from planning to post-issuance support. In addition to tokenizing traditional assets, VNX has created the first European gold-backed tokens and fiat stablecoins, expanding investor capabilities. More information can be found at www.vnx.lu and www.vnx.li.

Lambda256 is the blockchain tech arm of Dunamu, offering a comprehensive portfolio of blockchain solutions via its cloud-based blockchain infrastructure and Web3 development platform, Luniverse. Lambda256 recently released Luniverse NOVA, a new version of its platform equipped with all necessary services to build Web3, NFT, and other blockchain services. Lambda256 has collaborated with over 4,000 clients in building, deploying, and managing blockchain networks at scale with Luniverse.

Read this next

Fintech

Ouinex taps Netdania to build institutional-grade crypto trading platform

Ouinex intends to always bring the best of TradFi electronic trading infrastructure to Web3 including innovative universal cross-margining capabilities so that users can trade TradeFi instruments by using their crypto holdings as margin.

Retail FX

BDSwiss Elevates Traders’ Experience with Advanced Trading Tools

In the fast-paced world of financial markets, having access to advanced trading tools and educational resources is crucial for traders aiming to stay ahead of the curve.

Market News

Gold & Silver rally, made in China

Gold prices correlate with the US bond market, and the US Dollar influences the Gold/Silver ratio. Chinese market premiums for Gold and Silver suggest continued uptrends. Inflation-adjusted peaks indicate current prices are not overly expensive, implying potential for further gains.

Market News

Japan’s Monetary Policy and FX Intervention: Key Takeaways from the G20 Meeting

At the G20, BoJ President Kanda and Finance Minister Suzuki emphasized stable exchange rates and cautious FX intervention, signaling imminent action. Softer US inflation data and potential BoJ rate hikes are impacting USD/JPY

blockdag

Top 3 Cryptos of 2024: BlockDAG’s $1 Prediction, Immutable’s Remarkable Price Increase, and Solana’s Promising Future

Explore pivotal changes in the cryptocurrency market through our analysis of Solana, Immutable, and BlockDAG. Explore how BlockDAG raised $34.7M in its presale with advanced technologies.

Fintech

UK bank Kroo bans crypto transactions, warns account closure

London-based digital bank Kroo has imposed a ban on cryptocurrency transactions, another blow for crypto traders ‎who recently saw a sizable number of banks deciding not to ‎finance the wobbly asset class.‎

Web3

MoonPay onboards Gucci, Puma, and Mastercard to Web3 Tools

Blockchain payments infrastructure firm MoonPay has unveiled a new platform to simplify the Web3 experience for brands and consumers. The platform, dubbed Web3 Tools, helps brands provide a less complex Web3 journey.

blockdag

BlockDAG’s Keynote Video Drives $34.7M in Presales, Gaining Traction Among Solana (SOL) Investors and Litecoin Enthusiasts

Discover BlockDAG’s leadership in cryptocurrency, attracting Solana (SOL) investors and Litecoin enthusiasts with its strong growth prospects and groundbreaking mining technology. 

Digital Assets

Mt. Gox users alarmed by $10 billion transfer to unknown wallet

Mt. Gox has transferred 42,830 BTC, worth about $2.9 billion, from its cold wallets, according to Arkham Intelligence data. This marks the first major transfer from the defunct bitcoin exchange in five years.

<