VNX FX · Onchain foreign exchange

FX is now onchain.

Swap between regulated EUR, CHF, GBP and USD stablecoins with institutional execution and atomic onchain settlement. Around the clock, programmable, fully regulated.

01 · CURRENCIES

Four regulated stablecoins, direct between each other.

No routing through USD. No correspondent banking. Each leg is a regulated instrument — settled atomically onchain.

EURC
Euro

MiCA-regulated euro stablecoin, 1:1 backed.

IssuerCircle
VCHF
Swiss Franc

Five centuries of Swiss reliability, onchain.

IssuerVNX
VGBP
British Pound

Global reserve currency, regulated onchain.

IssuerVNX
USDC
US Dollar

The most liquid dollar stablecoin in the world.

IssuerCircle
02 · WHY VNX FX

The benefits of onchain FX,
institutional-grade.

A modern exchange engine that replaces correspondent banking with atomic, programmable settlement — while keeping the regulated rails intact.

Aggregated liquidity

Request-for-Quote execution across multiple licensed liquidity providers — competitive pricing, low slippage, around-the-clock access.

Atomic settlement

Smart-contract escrow reduces settlement risk: both sides of a trade settle simultaneously, or neither does. No mid-flight exposure.

Capital-efficient by design

Programmable settlement windows let you settle immediately when speed matters, or defer and net when efficiency counts.

Reduced operational overhead

An all-to-all model eliminates bilateral agreements with multiple counterparties — simplified onboarding, accelerated access to liquidity.

04 · COMPARED

Traditional FX vs VNX FX.

The same currencies you know, on rails that finally match the speed of the internet.

Traditional FX
VNX FX
Settlement time
T+1 or T+2
Seconds
Opening hours
Business hours, weekdays
24/7
Counterparty risk
Held across intermediary banks
Atomic escrow
Onboarding
Bilateral, months
All-to-all, days
Auditability
Reconciled from SWIFT messages
Immutable, onchain
Non-USD pairs
Routed through USD
Direct
Traditional FX
Settlement
T+1 or T+2
Hours
Business hours
Risk
Intermediary banks
Onboarding
Bilateral, months
Auditability
Reconciled from SWIFT
Non-USD
Routed via USD
VNX FX
Settlement
Seconds
Hours
24/7
Risk
Atomic escrow
Onboarding
All-to-all, days
Auditability
Immutable, onchain
Non-USD
Direct