VNX (VNX Commodities AG) is a Liechtenstein-based company registered by the Financial Market Authority (FMA) under the Blockchain Act. VNX generates gold-backed tokens VNX Gold (VNXAU) and fiat-referenced tokens (the FRT or stablecoins) VNX Euro (VEUR) and VNX Swiss Franc (VCHF). VNX has its native digital platform that allows clients through its exchange service to easily buy and sell stablecoins for fiat or crypto.