Monerium and LCX partner to introduce tokenized EUR to crypto trading pairs
Monerium is excited to introduce a partnership with LCX, a leading blockchain innovator based in Liechtenstein. Together, Monerium and LCX will leverage each other’s legal and technology infrastructure to expand their respective businesses and provide new and enhanced services.
Fiat gateway between SEPA and blockchains
LCX will seamlessly collect and send euros between the Ethereum blockchain and their users bank accounts via SEPA with a Monerium IBAN.
Tokenized money on blockchain
Euros sent to the Monerium IBAN are instantly issued to the blockchain as euro e-money tokens and are compatible with all major blockchain wallets and decentralized finance (DeFi) protocols. Unlike “stablecoins”, the Monerium euro e-money tokens are an authorized form of digital cash which investors can unconditionally redeem straight to their bank accounts through the Monerium IBAN.
Trading pairs
The future of settlement has arrived. LCX has regulatory approval for eight blockchain-related registrations by the Financial Market Authority Liechtenstein. With tokenized money and assets such as securities or cryptocurrencies on the same ledger, users can automatically execute real-time delivery-vs-payment and corporate actions can be completely handled end-to-end by the technology itself. Following the launch of euro-crypto trading pairs, Monerium and LCX will explore the opportunities to list other digital fiat currencies including GBP and USD.
Research & development
Monerium and LCX have agreed on a long-term strategic partnership that will focus on collaborative research and development of new solutions for security token offerings and tokenization infrastructure.
“Combining Monerium digital money with LCX's compliant tokenization platform will unleash the full potential of DeFi for mainstream users.”
Jón Helgi Egilsson, Co-founder & Chair at Monerium.
LCX will be launching a #100DaysLCX Growth Campaign which will be focused on making rigorous upgrades of the LCX Platform and its products. LCX will be posting an announcement every day for the next 100 days announcing the various new partnerships, token listing, product updates, and more.
“Partnering with Monerium is our effort to provide innovative and strategic solutions to our customers that will reap its benefits in the long-run. We are expanding our partnership ecosystem to bring the best services on our platform.”
Monty Metzger, CEO at LCX.com.
About LCX
LCX, the Liechtenstein Cryptoassets Exchange, is a global fintech company that provides a range of products and services for the token economy in a regulated and compliant manner. LCX has regulatory approval for eight blockchain-related registrations by the Financial Market Authority Liechtenstein. Founded in 2018, the firm is headquartered in Vaduz Liechtenstein and maintains offices in Switzerland and India.
LCX.com
About Monerium
Monerium is the first company authorized to issue e-money on blockchains. Monerium is making money smarter by bringing it to blockchains to support on-chain transactions of digital assets. On-chain settlements are programmable, take place within seconds, without intermediaries, and at the fraction of the cost of traditional payments. With Monerium, you can move money seamlessly between blockchains and existing payment networks and keep existing business relationships while building new ones on blockchains.
Monerium.com
