VNX Swiss Franc (VCHF) is a multichain token that references the Swiss Franc, offering a traditional asset in digital form. It's generated by a token generator licensed by the Financial Market Authority (FMA) under Liechtenstein's Blockchain Act.
Key Features
- Stablecoin pegged to the Swiss Franc
- Backed by tokenized gold for additional stability
- Multichain compatibility for broader accessibility
- Licensed and regulated under Liechtenstein's Blockchain Act
Security Measures
1. Asset Backing: Supported by tokenized gold, providing tangible value
2. Regulatory Compliance: Licensed by FMA Liechtenstein
3. Technological Safeguards: Utilizes trusted hardware wallets
4. Strategic Partnerships: Collaborations with companies like Avalanche
Use Cases
1. Hedging: Protection against crypto market volatility
2. Trading: Quick buying and selling on centralized and decentralized exchanges
3. Earning: Opportunities in lending, liquidity provision, and staking in CeFi/DeFi
Advantages
– Stability in the volatile crypto market
– Regulatory oversight ensuring legitimacy
– Easy accessibility through various crypto exchanges
– Versatility in financial operations
Platform Availability
– Available on the Stellar network
– Accessible through multiple cryptocurrency exchanges
Company Information
VNX Commodities, the company behind VCHF, is registered with the Liechtenstein Financial Market Authority under the Tokens and TT Services Providers Law (TVTG).
