VNX EURO

The euro has far less onchain presence than the dollar, and VEUR is VNX's answer for holding Europe's currency as a token. The Liechtenstein issuer, registered with the country's Financial Market Authority under its Blockchain Act, backs each VEUR with euros held one-to-one in European bank accounts. Redemption is open on strong terms: a verified holder can return tokens to VNX for the underlying euros rather than relying only on secondary-market buyers. VNX launched VEUR in December 2022 alongside its Swiss franc token and has since deployed it across roughly eleven chains, including Ethereum, Solana, Polygon, Avalanche, Stellar and Tezos, while listing it on exchanges such as Bitstamp. For euro-area users it offers a way to move and settle value in their home currency without first routing through a dollar stablecoin.