Tokenized Assets Gain Ground in Vietnam's Financial Sector

The Vietnamese government is piloting a tokenized asset trading market, which could provide businesses with an additional fundraising channel.

The initiative, launched under Government Resolution No. 05/2025, aims to broaden access to financing for small- and medium-sized enterprises (SMEs), particularly those that struggle to secure long-term capital through traditional bank lending or stock market listings.

The tokenization of real-world assets involves converting ownership rights to assets such as real estate, bonds, gold, carbon credits, and agricultural commodities into blockchain-based tokens. Each token represents fractional ownership that can be traded on the market.

According to Chris Chill, senior adviser at Vietnam Prosperity Crypto Asset Exchange JSC, 'tokenising real-world assets would provide businesses with an additional fundraising channel beyond traditional bank lending.'