About VPawn

VPawn is a technology platform that tokenises pawn tickets issued by partner pawnshops into NFTs, so that a pawn ticket can be transferred between wallets.

VPawn is currently in a testing phase. Live operation with partner pawnshops has not started.

What our partner pawnshops will do

After launch, each partner pawnshop will, under its own pawnbroking licence and pawn terms:

appraise the items brought by customers,
make pawn loans,
keep the pledged items in its custody, and
return the items when the pawn ticket is redeemed.

What we do

V Pawn Trading Limited provides the technology that issues and transfers pawn ticket NFTs.

We do not make loans, do not keep pledged items, do not hold members' funds, do not hold wallet private keys and do not collect identity documents or other identity verification information. The company does not hold any banking, lending, pawnbroking or securities licence.

How payments work

Payments are settled directly from the buyer to the seller's wallet by smart contract. The company does not receive, hold or transfer payment funds.

Card payments are processed by Wert (SHA2 Solutions OÜ) as merchant of record. Wert executes the purchase through the smart contract, and identity verification is carried out by Wert under its own terms.

What an NFT on VPawn is, and is not

One NFT represents one pawn ticket. It cannot be divided.

An NFT on VPawn is not an investment product, a deposit or a security, and it does not pay interest, dividends or any other return. The rights of its holder are those defined by the pawn terms of the issuing pawnshop.