Today Korean blockchain firm Lambda256 announced a partnership with VNX, a Liechtenstein-regulated crypto firm that has tokenized currencies and commodities such as gold. Together they plan to serve a global investor base with security tokens using blockchain technology from Lambda256.
We’ve come across Lambda256 many times. It is the technology partner of Korea’s Shinhan Securities, which is in the process of developing a security token offering (STO) platform. It’s one of the leading corporate blockchain firms in Korea, serving 2,000 clients with its Luniverse platform, which supports public and permissioned blockchains. Dunamu is the parent company that also owns UPbit, the largest Korean crypto exchange.
Korean activity around security tokens is ramping up following greater regulatory clarity.
Meanwhile, VNX has offices in Luxembourg and Liechtenstein and to date has issued stablecoins backed by Euro, Swiss Francs and gold.
“We are thrilled to partner with Lambda256 to jointly develop an unparalleled global STO experience. We aim to leverage existing infrastructure to offer customers access to a wide range of digital assets and services across continents,” said Alexander Tkachenko, CEO and Founder of VNX.
Luxembourg is already proving a popular destination for institutional digital securities issuances. That’s because it has strong blockchain-friendly securities laws and is also the EU jurisdiction of choice for conventional fund issuances.