Concordium Strengthens PayFi Ecosystem with VNX Non-USD Stablecoins

Concordium
September 16, 2025
VNX, a Liechtenstein-licensed token generator, partners with Concordium to grow its settlement layer for compliance-ready, non-USD stablecoins in Europe and beyond.

Concordium has announced a strategic partnership with VNX, an  RWA asset and fiat-pegged token generator, to expand payment rails globally. By bringing VNX’s stablecoins* onto Concordium as Protocol Level Tokens (PLTs), users gain seamless access to EUR, CHF and GBP-referenced stablecoins with on-chain identity verification and auditability built in.

This collaboration not only strengthens the PayFi ecosystem with new regulatory-ready cross-border settlement features, it also marks a major step toward positioning Concordium as the layer of choice for issuers seeking regulation-aligned adoption.

An Alliance of Trust and Compliance

VNX  generates stablecoins such as VEUR, VCHF, VGBP, and the commodity token VNX Gold (VNXAU), supported by partnerships with Sygnum Bank and multiple blockchains such as Solana, Base, and many more. Concordium provides the settlement layer built for auditability and regulatory compliant token issuance, offering on-chain identity checks, zero-knowledge proofs, and protocol-level token standards that simplify stablecoin deployment.

Together, the two partners create a foundation where regulatory compliant non-USD stablecoins can scale up, positioning Concordium as a trusted layer for compliance-driven financial innovation.

VNX: Powering Stability

VNX delivers trusted digital assets designed for stability and liquidity. It's known for:

  • Its fiat referenced tokens: VNX Euro (VEUR), VNX Swiss Franc (VCHF) and VNX British Pound (VGBP)
  • Integrating across 15+ blockchains and top exchanges (Bitstamp, LBank)
  • Partnering with major market makers and banks for FX-grade liquidity

Most recently, VNX launched VNX Gold (VNXAU) as the first gold-backed commodity token on the Base network, enabling users to own, transfer, and redeem gold fully backed by physical reserves through a secure, low-cost blockchain environment.

Concordium as the Settlement Layer for VNX

By joining Concordium, VNX users gain a settlement layer designed from the ground up to be compliant-ready, ensuring secure on-chain activity within a transparent and regulation-friendly framework. This partnership enhances both the technical foundation and the market reach of VNX stablecoins

  • VNX will enable a generation of  VEUR, VCHF, VGBP as PLTs on Concordium
  • Concordium’s ID layer and on-chain auditability support regulatory-aligned EUR/CHF/GBP-denominated stablecoin payments
  • Strengthens multi-currency PayFi rails for cross-border B2B and remittance use cases
  • Positions Concordium as the go-to settlement layer for compliance-driven non-USD stablecoins in Europe and beyond
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‍Advancing PayFi

The collaboration between Concordium and VNX highlights the growing demand for regulatory-friendly infrastructure and non-USD stablecoins in digital finance. By combining Concordium’s regulatory-first blockchain with VNX’s stablecoins, the partnership creates an environment where fiat-referenced tokens can operate with built-in auditability and identity frameworks. This supports generators like VNX in meeting regulatory requirements while expanding access to trusted settlement options for cross-border trade, remittances, and B2B payments.

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“Our aim at VNX is to balance stability with trust. Integrating VEUR, VCHF, and VGBP with Concordium provides users with rails to move funds, settle invoices and manage treasuries in EUR, CHF and GBP,” said Alexander Tkachenko, CEO of VNX. “By collaborating with Concordium’s identity-first blockchain, we help users expand access to regulatory compliant payment solutions within the growing PayFi ecosystem.”

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This partnership marks another exciting milestone in expanding the PayFi ecosystem, where Concordium’s identity-first technology and VNX’s trusted non-USD stablecoins come together to unlock new possibilities for secure, scalable, and compliance-ready Smart Money.

Learn more about VNX.

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Legal Notice: Concordium does not provide financial, investment, or tax advice and is not responsible for the services or compliance operations of VNX or other stablecoin issuers. Users are solely responsible for ensuring compliance with local applicable laws and regulations. Please consult with a qualified advisor before engaging with digital assets.  

This crypto-asset marketing communication has not been reviewed or approved by any competent authority in any Member State of the European Union. The offeror of the crypto-asset is solely responsible for the content of this crypto-asset marketing communication.

*The term “stablecoin” is used herein for marketing purposes. VEUR, VCHF and VGBP are fiat referenced tokens which details are set out in the VNX GOLD BASED FIAT REFERENCED TOKENS TERMS AND CONDITIONS which are available for review at www.vnx.li