The International Finance Center TP.HCM has just signed a cooperation agreement with VinaCapital and the Global on-chain Economic Alliance to research, develop, and operate a Digital Asset Investment Fund TP.HCM, which will be raised and deployed in multiple phases, aiming for a scale of 1 billion USD.
The fund will prioritize investments in technology infrastructure such as cryptocurrency trading platforms, blockchain payment systems, bank-integrated e-wallets, and market monitoring tools (RegTech, SupTech).
TP.HCM also plans to implement a sandbox for digital assets under periodic supervision. The first three test groups include:
1️⃣ Stablecoin backed by VND
2️⃣ Encrypted corporate bonds
3️⃣ The exchange complies with anti-money laundering regulations.
Several international organizations such as Tether, AVA Labs, Republic, and Sky Mavis are expected to participate in the next phases. Source: 5 Minute Crypto
