The post Vietnam Prepares for Crypto Exchange Launch: Upbit Steps In appeared on BitcoinEthereumNews.com.

Vietnam’s government has approved pilot cryptocurrency exchanges, which has prompted activity among major banks and securities firms. Following the release of Resolution 05/2025, which sets strict capital and shareholder requirements, financial institutions are investing in technology and partnerships to comply with the new framework. In addition, securities brokers and commercial banks are preparing infrastructure to participate in the newly regulated digital asset market. Securities Firms Take the Initiative Vietnam’s Resolution 05/2025 authorizes a pilot program for crypto issuance, trading, and service provision under government oversight. Firms must hold at least $68 million (VND 10 trillion) in charter capital to qualify. Sponsored Sponsored Furthermore, 65 percent must be owned by organizations, and at least 35 percent must be contributed by two or more commercial banks, securities companies, fund managers, insurers, or technology firms. These rules have prompted swift action from domestic financial institutions. SSI Securities Corporation has positioned itself early. In 2022, it formed SSI Digital Corporation with $1.36 million (VND 200 billion) in capital to develop a digital finance ecosystem. In addition, SSI recently signed agreements with Tether, U2U Network, and Amazon Web Services to build blockchain and cloud infrastructure. These steps lay the groundwork for tokenized asset services. Techcom Securities (TCBS) also moved quickly. In May 2025, it created Techcom Encrypted Asset Exchange (TCEX) with an initial $20 million (VND 3 billion) charter capital, later boosted to $690 million (VND 101 billion). Similarly, VIX Securities contributed $1.02 million (VND 150 billion) to establish VIXEX. As a result, VIXEX quickly expanded to $6.8 million (VND 1 trillion). These developments indicate a growing involvement of brokers in the digital asset sector. Banks Strengthen Digital Infrastructure Banks are pursuing partnerships because licensed exchanges must include major financial or tech shareholders. For example, Military Commercial Joint Stock Bank (MB) has teamed up with…

---

Filed under: News - @ September 15, 2025 3:11 am