The latest blockchain news stated that VNX Exchange is now introducing a European digital asset market meant at bringing liquidity to the $530 billion worldwide venture capital industry. It has lately added Dominique Valschaerts, former CEO of the Brussels Stock Exchange, to its board.
By creating a supervisory compliant and safe marketplace, VNX plans to lessen hurdles for investors and solve venture capital as an asset class to a much broader international investor base. The VNX platform takes an age-old monetary practice and takes it up to date with blockchain technology.
According to founder and CEO Alexander Tkachenko, VNX is a financial marketplace (theoretically same as a classical stock exchange) that will interlace many categories of customers. The VC industry can be difficult to enter, so VNX’s aim is to make it more comprehensive for businesspersons and investors alike. The blockchain news even revealed that the VNX platform functions as a marketplace that lets VCs get extra liquidity in exchange for a share in the future profits which in turn, enhances the capital speed and economics of VC investing, lessening capital lock-in from 14 years to just 3 years, making venture investment more striking as an asset class
What’s Next For VNX?
VNX primary objective is to build a platform to open up VC as an asset class to a broad investor base to achieve this, a level of security, reliability, and usability that will not only match but exceed that of existing market platforms both traditional and new. VNX is currently finalizing the next version of its trading platform after completing testing and evaluation of our first MVP version that was released in February 2018, a spokesperson said to Venture Beat.
As per the latest blockchain news another strategic goal for VNX is creating a robust ecosystem, VNX collaborates with Luxembourg University, the leading European center of blockchain competence, and is in the procedure of adopting partnership agreements with many important key players in the blockchain ecosystem.
The post Blockchain News: VNX Launches European Digital Asset To Democratize VC Industry appeared first on OWLT Market.
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