VNX Exchange launched operations and announced first offering of digital assets backed by investment into top Korean blockchain holding Streami Inc. The Luxembourg-based FinTech company is on a mission to transform private capital market through tokenizing of assets and making them available for trading on its secondary market.
by: Silicon Luxembourg
photo: VNX Exchange
featured: Alexander Tkachenko, Pierre Gramegna, Nasir Zubairi, In-kyu Park
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VNX Exchange is an asset backed token issuance platform and secondary trading marketplace. The company is transforming fundraising for VC industry in Europe and the way they raise capital through issue of digital assets (see our article “The venture capital is entering a new age“). The first offering of 3 mln EUR was announced at the Global Ventures Summit Luxembourg’s “Ring the bell” ceremony by Alexander Tkachenko, CEO and founder of VNX Exchange, in the presence of Pierre Gramegna, Luxembourg Minister of Finance, and In-kyu Park, The Embassy of the Republic of Korea to the Grand Duchy of Luxembourg.
The first digital asset is backed by proceeds from investment into convertible bonds issued by Streami Inc. – one of the most innovative blockchain companies in South Korea. Streami Inc. is the owner of GOPAX – TOP-3 Korean crypto exchange and DASK – regulated national crypto depositary service.
“VNX offering shows how fundraising for VC industry may evolve and by extension implications to the financial industry.”
At this occasion Pierre Gramegna said that “VNX is one of the success stories of Luxembourg House of Financial Technology, the LHoFT”. He also said that the announced deal with the Korean company shows that FinTech brings all people together from around the world.
“Streami offering demonstrates the real use case of asset backed tokens to finance VC investments,” confirmed Alexander Tkachenko, CEO and founder of VNX Exchange. “We are changing the way how venture funds can raise capital and increase returns.”
“I strongly believe in the development of the assets-backed digital financial instruments. VNX offering shows how fundraising for VC industry may evolve and by extension implications to the financial industry. I am very excited and proud that Streami is the first offering presented at VNX platform,” concluded Junhaeng Lee, co-founder and CEO of Streami.