VX2 is set to tackle some of the most pressing challenges in cross-border payments by utilizing stablecoins like USDT and USDC. The initiative aims to provide a unified access point and an interoperable protocol, serving as a comprehensive orchestration layer that links existing cloud-based systems with newer financial infrastructures.
To realize this goal, VX2 will engage in strategic partnerships with prominent liquidity providers for stablecoin on/off ramps, which include exchanges, issuers, and over-the-counter (OTC) desks.
These collaborations will facilitate the seamless integration of VX2 with Volt’s exclusive network of banking connections, creating an efficient bridge between conventional and digital financial systems.
The introduction of VX2 occurs amidst a growing demand for stable and effective digital asset solutions. With increasing transparency and regulatory maturity in the digital asset sector, there is a ripe environment for innovation. VX2 aims to leverage this momentum by offering a solution that aligns traditional financial practices with cutting-edge digital technologies.
Tom emphasized, “We will bring together old money and new, creating a globally interconnected and cohesive payments network that operates in real time.”
VX2 will function as an independent entity, predominantly owned by Volt and backed by its core investors, which include IVP, EQT, CommerzVentures, Augmentum Fintech, and Fuel Ventures. This configuration enables VX2 to concentrate on platform development while benefiting from Volt’s expertise and resources.
This initiative is expected to enhance Volt’s overall value proposition significantly.