VNX Exchange to develop security token protocols with NEM
VNX Exchange, a marketplace and trading platform for tokenized venture capital assets, today announced a partnership with NEM, a leading blockchain application platform. Through this partnership, VNX and NEM will develop protocols and standards for operating security tokens on the NEM blockchain through their entire life cycle.
VNX aims to reduce financial barriers for regular investors and unlock venture capital as an asset class for a much broader, global investor base that includes those who previously lacked the opportunity to invest in VC.
NEM’s blockchain platform was designed and coded from the ground up for scale and speed. Its permissioned, private blockchain delivers industry-leading transaction rates for international ledgers. Additionally, its revolutionary consensus mechanism ensures NEM’s open, public blockchain can grow without compromising throughput or stability.
VNX Exchange and NEM are now working to develop a liquidity program to incentivize VC funds investing in startups involved in the NEM ecosystem. VC funds will be able to participate in initial security token offerings on the VNX platform, achieving optimal liquidity. XEM will be offered as one of the currencies on the VNX platform.
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