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UPCX-Platforms PTE. LTD. and VNX Commodities AG sign Memorandum of Understanding

· 2 min read

UPCX-Platforms PTE. LTD. (UPCX) a developer of an open-source payment system based on a high-speed blockchain optimized for payment and financial services, and VNX Commodities AG (VNX), a European company that generates stablecoins and tokenizes Real-World Assets (RWA), have signed a Memorandum of Understanding to jointly create value through business and marketing activities.

The companies have agreed to:

  • Collaborate to deploy VNX stablecoins (VEUR and VCHF) and tokenized gold(VNXAU) on the UPCX blockchain.

  • Collaborate in business development and marketing activities, particularly in the EU and Japan.

  • Cooperate on the effective use and integration of each other's technologies in the solutions developed and deployed by both companies.

UPCX is committed to improving financial solutions and payments using blockchain technology, with the mission to provide users with easily accessible blockchain payment services globally.

VNX, based in Liechtenstein and registered under the Blockchain Act by the Financial Market Authority (FMA) of Liechtenstein, generates multi-chain tokens "VNX Euro (VEUR)" and "VNX Swiss Franc (VCHF)" referencing the Euro and Swiss franc, the two major legal currencies of the EU. VNX stablecoins combine the advantages of traditional currencies with the convenience of cryptocurrencies, enabling quick, low-cost, and 24/7 international transfers, and provide opportunities for extensive DeFi (Decentralized Finance) with stable assets. VNX also generates 'VNX Gold (VNXAU)', the first European gold-backed token, which represents individual ownership of physical gold.

UPCX CEO, Makoto Nakano:

"Since its inception, UPCX has aimed to globally deploy a truly practical blockchain payment network in terms of user convenience and scalability. Our partnership with VNX, a pioneer in compliant asset tokenization and stablecoin generation in Europe, is a significant step towards realizing UPCX's mission."

VNX CEO, Alexander Tkachenko:

"VNX aims to broadly deploy various traditional financial assets into the crypto world. There is significant affinity between VNX, which places the highest importance on safety, reliability, and user convenience while complying with European laws, and UPCX's vision to provide a convenient and practical scalable network."

UPCX will continue to develop its business globally, pursuing opportunities for collaborations with various blockchain and virtual asset service providers.

About UPCX

UPCX is a digital asset trading application development company, committed to providing users worldwide with a safe, transparent, and legally compliant platform using blockchain technology.

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