The VNX Exchange platform and the University of Luxembourg have announced a partnership to enhance the security of digital assets, local media reported.
VNX is positioning itself as the developer of the world’s first tokenized venture capital investment secondary market using blockchain technology. The exchange was founded in 2017 and is a member of the Luxembourg House of Financial Technology (LHoFT), Infrachain, a non-profit organization promoting blockchain-industry and the L’Association des Professionnels de la Société de l’Information (APSI).
Collaboration with the Interdisciplinary Centre for Security, Reliability and Trust (SnT) of the University of Luxembourg should lead to the creation of such technologies that could halve the costs of cybersecurity in the world, said Alexander Tkachenko, VNX founder and CEO:
“I believe that blockchain technology is the next big step in the financial sector’s evolution. This evolution will require three things: regulatory clarity, investor protection, and compatibility with current market standards. We hope that this partnership will make major strides in securing all three.”
Dr. Radu State, an expert on cyber security and a senior research scientist at SnT, described his task this way:
“Broadly, we need to address two aspects – protecting against criminals who might try to hack the system to steal money or information, and guaranteeing compliance with anti-money laundering and KYC [know your customer] regulations.”