VLRMx tokenizes publicly traded VLRM ordinary shares on the XRP Ledger. Each VLRMx is backed 1:1 by one VLRM share held by the VLRMX Share Trust.
The VLRMX Share Trust holds the underlying VLRM ordinary shares. Each share held by the trust supports one VLRMx on the XRP Ledger.
Each VLRMx is backed by one VLRM ordinary share held by the VLRMX Share Trust.
The underlying assets are publicly traded ordinary shares in Valereum plc.
Dividends, voting and corporate-action treatment, and liquidation proceeds pass through proportionally to VLRMx holders.
The VLRMX Share Trust maintains one underlying VLRM share for every VLRMx in circulation.
VLRMx brings VLRM share ownership onto the XRP Ledger with direct one-for-one backing.
The VLRMX Share Trust holds VLRM shares for VLRMx holders and reconciles the share position against the outstanding token supply.
The VLRMX Share Trust holds legal title to the VLRM ordinary shares backing VLRMx.
QGP issues one VLRMx for each VLRM share held by the VLRMX Share Trust.
The share register, custody account, holder register, and XRPL supply are reconciled to the same one-for-one balance.
Dividends, voting and corporate-action treatment, and liquidation proceeds pass through proportionally to VLRMx holders.
VLRMx uses the following identity on the XRP Ledger.
564C524D78000000000000000000000000000000One VLRMx tracks one publicly traded VLRM share. The VLRMx/XRP AMM provides an on-ledger market priced in XRP.