The TCEX digital asset exchange is attracting significant attention from the investment community with its claim that the system can process up to 100,000 transactions per second, a figure XEM close to the standards of large-scale financial trading infrastructures worldwide. Chia at a dialogue on the pilot mechanism for the digital asset exchange and operating standards, Ms. Doan Mai Hanh – CEO of Techcom Cryptocurrency Exchange Joint Stock Company (TCEX) – stated that the company has completed all preparations in terms of technology, processes, and personnel to be ready to enter the official operational phase as soon as it receives its license.
This information emerges as Vietnam accelerates the process of building a legal framework for the digital and cryptocurrency market. As the market enters the pilot phase, transaction processing capacity becomes a key factor determining scalability, stability, and user experience. According to TCEX representatives, the system is designed with a flexible, scalable architecture, allowing for upgrades in processing capacity as needed without disrupting operations—a crucial factor if the market experiences a surge in the number of investors in the future.
TCEX is currently one of the first entities to submit an application to participate in the pilot mechanism under Resolution 05 and has been initially assessed as valid. The enterprise also meets the minimum charter Capital requirement of VND 10,000 billion, one of the important financial criteria for market participation. A notable advantage of TCEX comes from inheriting the technology platform and operational experience from TCBS – its founding shareholder, which has many years of experience in the securities sector with very high security and accuracy standards. Over the past year, the team of engineers and experts has researched, refined, and transferred core securities technologies to suit the specific characteristics of the digital asset market.
Unlike many platforms that choose to purchase technology solutions from abroad, TCEX decided to build its own core system. This approach allows the company to proactively control risks, easily customize it to meet legal requirements in Vietnam, and enhance data security. The system has now completed its development phase and is being tested in a real-world environment by an internal team. With over 50 dedicated personnel and support from Techcombank's technology and financial experts, the company stated that it is ready to deploy as soon as it receives the necessary permits.
However, according to the CEO of TCEX, the biggest challenge for a digital asset exchange lies not only in technology but also in building trust with investors. Unlike traditional securities, a future digital asset exchange will simultaneously act as a trading member, exchange, custody center, and clearing and settlement center. This makes the responsibility for risk management and user protection much heavier.
To address the trust issue, TCEX implements a multi-layered security strategy even before customers begin trading. The platform integrates an artificial intelligence assistant to guide users in understanding the legal framework, identifying the types of assets permitted for trading, and the associated risks. The account opening process applies strict KYC standards combined with data from international partners to screen users. Simultaneously, the KYT (Know Your Transaction) system allows for transaction tracing on the blockchain, enabling early detection of anomalies or flows related to illegal activities.
One of TCEX's key pillars of risk management is its asset segregation mechanism. Accordingly, 100% of client assets are managed independently from the exchange's own assets. The majority of assets, accounting for 90–98% of total assets, are stored in Cold Storage that are not connected to the internet, minimizing the risk of cyberattacks. Security key management is implemented using MPC technology, which distributes control across multiple parties, avoiding the risk of concentrating power in a single individual or access point.
In addition to basic trading commands, the system integrates automated risk management tools such as stop-loss orders and volatility alerts. Machine learning technology is applied to monitor transactions in real time, detecting unusual behavior such as repeated order placement, thereby protecting user accounts in case of hacking or login information leaks.
