The Official Economic Mission of Luxembourg led by the Deputy Prime Minister and the Minister of Economy, Étienne Schneider is visiting South Korea between the 15th to the 18th of July 2019. The Mission is organized by the Chamber of Commerce of the Grand Duchy of Luxembourg in close cooperation with the Ministry of the Economy of Luxembourg.
“We are looking with great enthusiasm in developing relations between Korean and Luxembourgish companies. This Economic Mission is aiming to be a platform to strengthen existing business ties and explore new opportunities in the fields of trade, investment and research cooperation,” – said Carlo Thelen, CEO and Director General of the Chamber of Commerce of Luxembourg.
On July 17 was held the Luxembourg – South Korea Digital Asset Summit, one of the Mission’s agenda events, organized by VNX Exchange, a Luxembourg-based marketplace for digital assets backed by VC portfolios. The summit facilitated in-depth discussion about the development of digital assets and the new opportunities for unlocking liquidity for the venture capital industry.
“South Korea is at the forefront of technology and accessible investments. We consider this market as strategic for VNX Exchange where we can present a successful and practical use case of blockchain technology,” – said Alexander Tkachenko, founder and CEO of VNX Exchange and General Partner at 2be.lu VC fund.
The Summit brought the best experts from Luxembourg, such as Michael Jackson, former COO of Skype and former Partner of Mangrove Capital, currently Director at AXA, Volvo, KNEIP, Blockchain.com, Nitan Pathak from the European Investment Fund (EIF) and Alexander Tkachenko, General Partner of 2be.lu VC fund and founder and CEO of VNX Exchange.
“We can see revolutionary changes in the way financial technology will be used. They are opening new unprecedented opportunities for traditional markets such as venture capital and foster the development of the entrepreneurship globally regardless of borders,” – said Michael Jackson.
The special Korean guests who participated in discussions were Yoon Kwan, Founding Partner of BRV Capital Management; Chris Hwang, President of Yozma Group Korea Chris Hwang; Korean accelerators Commax Venturus and Bigbang Angels; Junhaeng Lee and CEO of the leading blockchain companies in Korea Streami and CEO of one of the largest crypto exchanges GOPAX.
“That’s great that we can have a Luxembourg – South Korea dialogue between investors and technology leaders during the Digital Asset Summit. The opportunities which can bring digital assets for investors and the VC industry are just amazing,” – said Yoon Kwan, Founding Partner of BRV Capital Management. “With the help of companies such as VNX Exchange, Korean start-ups will be able to access funding, and Korean VC and accelerators can get liquidity.”
VNX Exchange is a digital asset marketplace for venture capital investments. A Luxembourg-based fintech company, VNX Exchange is on a mission to transform venture capital investing through tokenizing VC investments and making them available for trading on its secondary market. This blockchain-based marketplace aims to unlock much needed liquidity for VCs who wait years for successful portfolio exits and spur innovation and entrepreneurship.
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