“The launch of the new digital asset creates the foundation for our liquidity infrastructure and advances the implementation of our overall strategy,” representatives of Quorium Global Photonics commented on the launch of the VXRUP stablecoin on Ripple’s XRP Ledger blockchain platform as part of the deal with Valereum PLC. Moreover, the new instrument is designed to serve as the primary liquidity vehicle for the entire ecosystem.

As Board Chairman James Bannon noted — “This can be tracked by the final stages of a project that has been three years in development.” But company representatives also specified that although the aggregate stated value of the held tokens is estimated at two hundred million dollars, digital asset valuations are inherently uncertain.