Vietnam's Crypto Asset Market Gears Up for Pilot Trading Platform Launch

The launch of Vietnam's pilot trading platform for crypto assets is expected to be a significant milestone for the country's emerging market. Several domestic enterprises, including the Vietnam Prosperity Crypto Asset Exchange JSC (CAEX), are expediting their preparations for participation in the pilot scheme.

CAEX has mobilised all necessary resources to meet requirements and has formed strategic partnerships with leading international firms in exchange operations, liquidity provision, and custody services. The company's shareholders are finalising procedures to raise its charter capital to 10 trillion VND (383.51 million USD) to meet eligibility criteria for the pilot programme.

Nguyen Hong Trung, Chairman and CEO of CAEX, said that the firm has completed preparations in technological infrastructure, expert recruitment, and international cooperation frameworks to ensure it can roll out services immediately upon official licensing. The company prioritises system safety, cybersecurity, and user experience while building operational procedures and risk governance mechanisms aligned with international standards.

Other companies, such as SSI Digital Technology JSC (SSID) and Loc Phat Vietnam Crypto Asset Exchange JSC (LPEX), are also positioning themselves in the emerging market by expanding their business lines and increasing charter capital. The market has seen significant growth over the past year, with many companies achieving high levels of charter capital.