VNX

VNX is a Liechtenstein-regulated tokenization platform that issues VNX Gold (VNXAU), digital tokens backed by allocated physical LBMA-certified gold. The platform enables users to purchase, sell, and redeem tokenized gold through automated transactions across multiple blockchains including Ethereum, Polygon, Solana, and Base. VNX Commodities AG operates under the supervision of Liechtenstein's Financial Market Authority (FMA) under the Blockchain Act.

VNX itself does not create yield. It is a regulated service that turns physical gold into digital tokens called VNXAU. Each token represents direct ownership of specific gold bars stored in insured vaults.

Users can earn yield by using their VNXAU tokens outside the VNX platform. They can lend them or use them as collateral (security) for borrowing in decentralized finance (DeFi) protocols. This is highlighted in VNX's suggested use cases.

VNX likely makes money from the difference between the price at which it buys and sells VNXAU tokens. This is sometimes called a spread. Official documents do not detail the exact fees.

There are no built‑in ways to earn yield directly on the VNX platform—no staking, liquidity mining, or profit‑sharing. Any yield generation happens only when users take their VNXAU tokens to other DeFi services where the tokens act as collateral.

VNX lists strategic backing from several entities on its official website: Stellar Development Foundation (nonprofit organization providing grants for Stellar ecosystem development), Woori Technology Investment Co., Ltd. (Korean venture capital firm), and Hansaeyes24 Foundation. These appear as "Backed By" partners but specific investment amounts, rounds, or dates are not disclosed on official sources. Michael Jackson, former partner at Mangrove Capital and former COO of Skype, serves as an adviser to VNX, though no investment from Mangrove Capital is explicitly stated. No traditional venture capital funding rounds with disclosed amounts or dates are detailed on VNX's official materials.