Luxembourg-based VNX Exchange, a marketplace and trading platform for tokenized venture capital, and the University of Luxembourg have partnered to upgrade the security of crypto assets. As a result, the new technology will reduce the global costs of cyber-security.

According to the agreement, the university will help VNX in improving the network security levels of digital assets. Moreover, the researchers at the University’s Interdisciplinary Centre for Security, Reliability, and Trust will build new IT frameworks. This will allow for better exchange security and custody of digital assets.

Alexander Tkachenko, the founder and CEO of VNX, has stated that Blockchain technology is the next big thing in the evolution of financial sector.