Their proven knowledge of venture capital industry will provide VNX Exchange with a competitive advantage when creating new standards and services for the digital asset market ecosystem. As a successful serial entrepreneur and tech investor, Mr. Blakey co-founded UK-based investment firm Avonmore Developments. Mr. Klippgen was a co-founder of a price comparison portal Zoomit.com which later merged with Kelkoo and was sold to Yahoo! Blakey and Klippgen have also co-founded Cocoon Capital, a venture capital firm targeting early-stage, enterprise tech startups in Southeast Asia.

“As interest in ICOs is fading, investors are increasingly turning towards venture capital. Even though the volume of venture capital market is currently estimated at around $1 trillion, investors' focus on venture capital has been relatively moderate over the past several years because of its low liquidity,” Mr. Klippgen said. As a marketplace for tokenized venture capital assets, VNX Exchange aims to provide a solution for a lack of liquidity in the venture capital industry with the help of blockchain-based technology. VNX Exchange was incubated and initiated at 2be.lu, a Luxembourg-based venture capital fund.

"Our goal is to provide venture capital industry with much needed liquidity and solve a real market problem. We are happy to welcome Mr. Blakey and Mr. Klippgen whose extensive experience in venture capital investing will considerably strengthen our platform. They bring unparalleled leadership skills, a deep knowledge of venture capital and years of experience in finance. We strongly believe that their involvement will generate further interest in our project from the European and Asian business communities," said Alexander Tkachenko, VNX Exchange CEO and Founder.

"Since I became an angel investor in 2000, I have always looked for tools that boost venture capital liquidity. Such tools are especially important now when many investors globally are becoming increasingly interested in this asset class. I strongly believe that VNX Exchange has what it takes to disrupt financial markets," Mr. Blakey added.