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Vietnam’s SSI Digital (SSID), the technology arm of SSI Securities Corporation, has announced the launch of a $200 million fund—SSI Digital Ventures—to support blockchain and AI innovation across Vietnam and Southeast Asia. This initiative is part of a broader movement among traditional enterprises in the region, which are increasingly integrating Web3 technologies into their long-term digital strategies. Industries such as finance, telecommunications, and aviation are adopting decentralized technologies to improve operational efficiency, data transparency, and cybersecurity. This marks a notable shift, with blockchain becoming a core infrastructure element rather than a niche innovation. According to the Southeast Asia Web 3.0 Market Size, Share, Forecast report, the region’s Web3 market is projected to exceed USD 2.96 billion by 2032, growing at a compound annual rate of 40.1% from 2024 to 2032. Alongside blockchain, AI adoption is also rising, with the Asia’s Web3 Playbook noting over 30 Southeast Asian companies integrating AI into their core offerings in 2024. This dual trend suggests that blockchain and AI are emerging as foundational pillars of the region’s evolving tech landscape. Consumer readiness is also accelerating. Approximately 70% of Southeast Asians engaged with metaverse-related technologies in the past year, indicating broad digital openness across multiple demographics. Institutional blockchain deployments Several of the region’s most prominent traditional enterprises are actively deploying or testing blockchain-based applications: BDO Unibank (Philippines) collaborated with Ripple to streamline international remittance services, enhancing transaction speed and reducing costs for millions of users, especially critical in economies reliant on cross-border payments. DBS Bank (Singapore) introduced the DBS Digital Exchange, a platform for institutional trading of tokenized assets, including bonds, digital securities, and cryptocurrencies. The initiative supports DBS’s broader objective to build a comprehensive digital finance ecosystem. Thai Airways (Thailand) is applying blockchain to its electronic ticketing systems and loyalty program to reduce fraud risk,…

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Filed under: News - @ June 10, 2025 9:27 am