Recently, TCEX received approval from the Ministry of Finance for the first round of evaluation, and the company is currently completing and supplementing its documentation for the second round of evaluation.
According to a recent report by Saigon Ratings, TokenBay Investment and Technology Joint Stock Company is planning to issue bonds to Capital in the Techcom Cryptocurrency Exchange (TCEX).
According to the plan, TokenBay expects to raise approximately 7,400 billion VND through bond issuance to invest in TCEX, thereby becoming the parent company of this cryptocurrency exchange.
According to the business plan developed by the company, after TCEX is granted a license to operate a cryptocurrency exchange by the competent authority (expected in 2026), revenue from TCEX dividends will contribute approximately 90% of TokenBay's revenue.
TCEX is a business established within the ecosystem of Techcombank Securities (TCBS). On May 4th, TCEX received approval from the Ministry of Finance for the first round of assessment in the licensing process for providing cryptocurrency trading market services. The company is currently completing and supplementing its application for the second round of assessment.
TokenBay Investment and Technology was newly established in October 2024 with an initial charter Capital of only 1 billion VND. By the end of 2025, Techcombank Securities had approved a plan to contribute 165 billion VND to this company. In early 2026, TokenBay significantly increased its charter Capital to 1,501 billion VND.
Currently, Ms. Doan Mai Hanh serves as the Chairwoman of the Board of Directors of the company. Ms. Doan Mai Hanh is also the General Director of Techcom Cryptocurrency Exchange.
At the dialogue "Pilot Cryptocurrency Market: Monitoring Mechanism, Operational Capacity, and Investment Standards" held in March, Ms. Doan Mai Hanh stated that TCEX had been preparing for the digital asset market from a very early stage.
According to the founders, TCEX comes from the technology field and has been researching and mastering blockchain technology for many years. This technology is not only researched but also directly applied to the company's core business operations.
As a result, TCEX stated that it is ready for the transition to the digital asset sector, even as the legal framework in Vietnam is still being finalized.
Currently, TCEX's entire system has been 100% digitized and is being tested in a real-world environment by our internal team.
The company stated that it could put the system into operation within 1-2 days after receiving the license. However, because this is a new market, TCEX is choosing a cautious approach, prioritizing investor safety and system stability.
