Ven

“Ven” can mean a lot of different things, but in the financial world, it’s most likely referring to the Ven (or VEN for the stock symbol) currency.

Ven money is a representative digital currency, which means it’s backed by something else, and doesn’t have inherent value in itself. What’s underlying Ven money, giving it value that Ven dollar bills represent? Lots of things, from other currencies to actual commodities and market assets. Like many fiat currencies, the value of Ven rises and falls with floating exchange rates of other currencies (like the U.S. dollar, of course).

Also like other currencies, Ven got listed on the LMAX Exchange, which happened in 2014: the first digital currency traded in a regulated forex market. It’s the first digital currency being official tracked by global financial markets with Thomson Reuters as their independent calculating agent.

Ven is well-known for one of its underlying assets: carbon offset credits. Ven’s papabear, the Hub Culture social network, worked with the American Carbon Registry to price carbon credits in Ven. Feeling zen with the Ven...yeahhh.