A New Era of Stablecoin Settlement: Volt Unveils VX2
Volt, a global real-time payments platform, has unveiled VX2, a new stablecoin settlement solution designed to seamlessly integrate with its existing real-time payment infrastructure. The launch marks a significant step in Volt's mission to push the boundaries of real-time payment capabilities.
Leading the Charge: Tom Greenwood at the Helm
At the helm of this new venture is Tom Greenwood, who will transition from his role as CEO of Volt to lead VX2. Greenwood's extensive experience in real-time payments infrastructure, coupled with his passion for digital assets, positions him as an ideal candidate to steer VX2 through the complex landscape of cross-border payments.
"I thrive in innovation and I am excited for this next chapter," says Tom. "With the imminent arrival of MiCA in the EU and the rollout of digital asset regulation around the world – and the legitimisation of stablecoins as a regulated financial instrument – now is the time to harness this technology and build utility in the digital realm."
Addressing the Challenges of Cross-Border Payments
VX2 aims to address some of the most challenging cross-border payment needs using stablecoins such as USDT and USDC. The solution will offer a single point of access and an interoperable protocol, effectively acting as an end-to-end orchestration layer between existing cloud-based and 'new money' infrastructure.
This will be achieved through strategic partnerships with leading stablecoin on/off ramp liquidity providers, including exchanges, issuers and OTC desks. These partnerships will enable smooth integration with Volt's proprietary network of bank connections, creating a seamless bridge between traditional and digital financial systems.
A Timely Launch: Capitalizing on the Growing Demand for Digital Asset Solutions
The launch of VX2 comes at a time when demand for secure and efficient digital asset solutions is on the rise. The increasing transparency and maturity of regulation in the digital asset space have created a fertile ground for innovation. VX2 is positioned to capitalize on this trend, offering a solution that harmonizes traditional financial systems with emerging digital technologies.
"We will harmonise old money with new, to deliver a globally connected and coherent payments network that is real-time," Tom explains.
A Dedicated Entity: VX2's Structure and Focus
VX2 will operate as a separate entity, majority-owned by Volt and supported by the same core investors, including IVP, EQT, CommerzVentures, Augmentum Fintech and Fuel Ventures. This structure allows VX2 to maintain a dedicated focus on developing its platform while benefiting from Volt's established expertise and resources.
Expanding Interoperability and Enhancing Volt's Value Proposition
The new venture aims to enhance Volt's overall value proposition by expanding its interoperability between fiat and stablecoin transactions. The integration of both systems is expected to create a more robust and flexible payment network, capable of meeting the diverse needs of modern businesses and consumers.
Robert Kraal, Chairman of the Board of Volt, adds: "We are excited to continue our partnership with Tom as he launches VX2. We are firm believers that the digitisation of capital flows around the world will continue to accelerate and that Volt and VX2 will play a significant role in delivering value, transparency and speed to our customers around the world."
A Dedicated Team for a Powerful Platform
As Tom takes the reins of VX2, Volt Co-founder Steffen Vollert will step up as Interim CEO of Volt, ensuring continuity in the company's core operations. Under Greenwood's leadership, a dedicated team of cross-domain industry experts will focus on developing VX2 into a powerful platform for modern payments.
A Vision for the Future of Payments: Building a Global Network
Tom concludes: "We are creating another pillar supporting Volt's mission of pushing real-time payment capabilities forward, aiming to become a key player in creating a global 24/7/365 network of payment networks."
VX2: A Catalyst for Innovation in the Digital Asset Space
VX2 represents a significant step forward in the evolution of real-time payments, particularly in the realm of cross-border transactions. By offering a seamless integration of stablecoin settlement into existing payment infrastructure, VX2 has the potential to revolutionize the way businesses and consumers move money around the world. As the digital asset landscape continues to evolve, VX2 is poised to play a pivotal role in shaping the future of finance.
A Vision for the Future of Payments
The emergence of VX2 highlights a growing trend towards the integration of digital assets into traditional financial systems. With its focus on stablecoin settlement and its ability to bridge the gap between traditional and digital infrastructure, VX2 has the potential to transform the way we think about cross-border payments. By harnessing the power of stablecoins and building a truly global network, VX2 is poised to become a key player in the future of finance, driving innovation and delivering value to businesses and consumers alike.
