Volt launches VX2, a new stablecoin settlement solution, led by CEO Tom Greenwood
London, 10th September 2024: Volt, a global real-time payments platform, is excited to announce the launch of VX2, a groundbreaking stablecoin settlement solution designed to seamlessly integrate with Volt’s existing real-time payment infrastructure. Tom Greenwood will transition from his current role as CEO of Volt to lead VX2 as its new CEO, with Volt Co-founder Steffen Vollert stepping up as Interim CEO of Volt. With extensive experience in real-time payments infrastructure and a passion for digital assets and innovation, Tom will guide VX2 as it addresses some of the most challenging cross-border payment needs using stablecoins such as USDT and USDC.
As the demand for secure and efficient digital asset solutions grows, driven by increasingly transparent and mature regulation, VX2 is uniquely positioned to meet market needs. By offering a single point of access and interoperable protocol, it will effectively act 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 – enabling smooth integration with Volt’s proprietary network of bank connections.
Tom Greenwood’s appointment as CEO of VX2 is aligned with both his vision and Volt’s commitment to accelerating innovation in digital payments. Under his leadership, a dedicated team of cross-domain industry experts will focus on developing VX2 into a powerful platform for modern payments, creating another pillar supporting Volt’s mission of pushing real-time payment capabilities forward.
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.
VX2 aims to enhance the overall value of Volt by expanding its interoperability between fiat and stablecoin transactions, offering a seamless integration of both systems. With its new structure, dedicated leadership, and strong synergy with Volt’s mission, VX2 is poised to become a key player in creating a global 24/7/365 network of payment networks, advancing the future of real-time payments.
Tom Greenwood, CEO of VX2, comments: “I thrive in innovation and I am excited for this next chapter. 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 to build utility in the digital realm. We will harmonise old money with new, to deliver a globally connected and coherent payments network, that is real-time.”
Robert Kraal, Chairman of the Board of Volt, said: “We are excited to continue our partnership with Tom as he launches VX2. We are firm believers that the digitization 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.”
About Volt
Volt is building the global infrastructure for real-time payments. Our payment network is the first to unite domestic account-to-account schemes to a single interoperable standard. Scaling and enterprise businesses use it to accept real-time payments, initiate payouts and manage funds. Volt is headquartered in London, has offices in Berlin, Warsaw, Kraków, Sydney and São Paulo, and enables payments in 31 markets across the UK, the EU, Brazil and Australia.