VNX Euro (VEUR) is a stablecoin (stable cryptocurrency) pegged to the euro in a 1:1 ratio. This means that each unit of VEUR is backed by real euros in bank accounts.

The generation of VEUR tokens and all services related to tokens are performed by VNX Commodities, a company registered with the Financial Market Authority Liechtenstein (FMA) in accordance with the Tokens and TT Services Providers Law (TVTG).

VNX is a Liechtenstein company registered with the local financial regulator. In April 2022, it launched a platform for investing in tokenized assets and issued Europe's first multi-chain token, VNX Gold (VNXAU), backed by physical gold. In December 2022, VNX expanded its investor options by issuing VNX Euro (VEUR) and VNX Swiss Franc (VCHF), tokens pegged to the Euro and Swiss Franc, respectively. These stablecoins allow users to trade in their preferred currencies and manage their portfolios more efficiently.