The deal concerns €1.1 millionin asset-backed tokens invested into Streami, one of the most innovative blockchain companies in South Korea. Issued on the Ethereum blockchain, ERC-20 asset-backed tokens represent claims on the future cash flow from the investment.

“We are proud to be among the first digital asset investment platforms to launch operations in Europe. We believe in the future of blockchain based digital assets and are happy to be bringing that future closer”, – said Alexander Tkachenko, CEO and founder of VNX, a digital asset investment platform that was founded in Luxembourg in 2018.

The platform allows tokenization of traditional assets and access of investors to a new asset class. Tokenization adds new features to traditional assets (fractional ownership, cross border reach) with a significant reduction of the intermediary costs.

Streami is a parent company to a top South Korean crypto exchange: GOPAX and a regulated national crypto depositary service DASK. It was the first Korean blockchain company to receive an investment from a Korean bank, Shinhan Bank, among other major investors are BluePoint partners and Digital Currency Group.