What is VNX Gold?

Question

What is VNX Gold?

Accepted Answer

VNX Gold is a multichain token that signifies direct ownership of physical gold, certified by the London Bullion Market Association (LBMA). Each LBMA-certified gold bar is assigned a unique serial number, linked directly to individual VNX Gold tokens. These tokens can be bought, sold, or transferred at the owner's convenience, providing a secure, digitized form of gold ownership.

VNX Gold tokens, being tethered to actual physical gold, offer the inherent benefits of gold including store of value, protection against volatility and inflation, and high liquidity. Moreover, they provide the added advantage of digital convenience and the freedom to transfer ownership swiftly and securely.

The gold corresponding to VNX Gold tokens is securely stored in a high-security vault in Liechtenstein, a stable economy with the highest S&P AAA rating and a member of the EEA. VNX Gold's pricing is fully transparent, with purchase or sale prices sourced from one or more gold dealers for the best possible rate. Trust is paramount in the VNX Gold ecosystem. The token generation and all associated services are carried out by a company that is registered with the Liechtenstein Financial Market Authority (FMA) under the Tokens and TT Services Providers Law (TVTG), assuring full ownership guarantee.