UPCX project reaches cooperation with VNX Commodities AG

UPCX-Platforms PTE. LTD. (hereinafter referred to as "UPCX") and VNX Commodities AG (hereinafter referred to as "VNX") have reached an agreement on a series of business cooperation, marketing and joint value creation, and signed a basic cooperation agreement . UPCX is a high-speed blockchain open source payment system development company focused on payments and financial services, while VNX is Europe's leading stablecoin issuance and real-world asset (RWA) tokenization company. The two parties will jointly explore cooperation opportunities and jointly develop innovative payment and financial solutions to provide better services and value to customers. This cooperation will bring more business opportunities and market growth to both parties, and create a better payment and financial experience for users.

The content of the basic agreement is as follows.

• Cooperate to develop the business of deploying VNX stablecoins (VEUR and VCHF) and product tokens (VNXAU) on the UPCX blockchain.
• Especially in the EU and Japan, the two parties cooperate on business development and marketing activities.
• For the development and deployment of solutions, both parties will effectively utilize and integrate the technical collaboration of both companies.

UPCX focuses on optimizing financial solutions and payment models, and provides convenient payment services to global users through blockchain technology.

VNX is a Liechtenstein-based company that has completed company registration under the Blockchain Law of the Liechtenstein Financial Markets Authority (FMA). The company launched two multi-chain tokens, VNX Euro (VEUR) and VNX Swiss Franc (VCHF), which are pegged to the euro and Swiss franc. These two tokens combine the advantages of traditional fiat currencies with the convenience of cryptocurrency, enabling fast, low-cost, all-weather international remittances, providing opportunities for the huge DeFi (decentralized finance) market based on stable assets. In addition, VNX also issued Europe’s first gold-backed token VNX Gold (VNXAU), which represents independent ownership of physical gold. The launch of these tokens provides investors with diverse choices while also bringing more innovation and convenience to the financial market.

Comments from Makoto Nakano, Chairman of UPCX:

UPCX’s goal is to establish a practical blockchain payment network in terms of global legal compliance, user convenience and scalability. I believe that cooperation with VNX, a pioneer in European compliant asset tokenization and stablecoin issuance, will play an important role in achieving this mission of UPCX.

Comment from Alexander Tkachenko, CEO of VNX:

VNX aims to broadly deploy a variety of traditional financial assets into the world of crypto-assets. VNX complies with European laws and regulations, prioritizes security, reliability and user convenience, and is highly consistent with the goal of a highly convenient, practical and scalable network pursued by UPCX.

UPCX will also focus on cooperation with various blockchains and crypto asset companies in the future to further expand its business around the world.

[About UPCX]

UPCX-Platforms PTE is a company that specializes in developing digital asset trading applications. Based on blockchain technology, it is committed to providing global users with security, transparency and Compliant platform.

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