OKX, HashKey back VPBank-linked CAEX for Vietnam crypto pilot bid
The post OKX, HashKey back VPBank-linked CAEX for Vietnam crypto pilot bid appeared on BitcoinEthereumNews.com.
CAEX has secured major backing from OKX Ventures and HashKey Capital as it prepares to enter Vietnam’s strictly regulated digital asset market. Summary CAEX secured fresh backing from OKX Ventures and HashKey Capital to help meet a 10 trillion dong capital requirement for Vietnam’s upcoming crypto exchange pilot. The Vietnamese government plans to limit the five-year pilot program to only five licensed entities while maintaining strict caps on foreign ownership and institutional capital. According to an April 10 press release, the two firms are joining VPBank Securities and LynkiD as shareholders in the platform, which operates within the ecosystem of VPBank, one of the country’s largest private lenders. This capital injection is designed to help CAEX meet a steep 10 trillion dong (approximately $380 million) charter capital requirement. Reaching this financial threshold is a prerequisite for any firm hoping to secure one of the few licenses available under the government’s new pilot program. CAEX will use the new investment from OKX Ventures and HashKey Capital to comply with the minimum charter capital requirement of 10 trillion dong that mandates all firms participating in the pilot program must maintain substantial financial reserves to operate legally in Vietnam. The exchange has confirmed that it is now in the final stages of finalizing its 10 trillion dong capital base to meet the January pilot criteria. “We believe the future of crypto will be built on regulated, local platforms that users can trust and CAEX represents that future in Vietnam,” OKX Founder and CEO Star Xu noted in a recent blog post regarding the partnership. Vietnam’s Ministry of Finance and the State Securities Commission are currently rolling out a five-year testing phase for the industry. However, the window for entry is narrow. Only five companies will be permitted to operate exchanges during this period,…
Filed under: News - @ April 10, 2026 6:29 am