Another bank contributes Capital to establish a crypto-asset exchange in Vietnam
CAEX Crypto Asset Exchange Established
On September 19, 2025, Vietnam Prosperity Crypto Asset Exchange Joint Stock Company (CAEX) was officially established with a charter Capital of 25 billion VND, headquartered at 5 Dien Bien Phu, Ba Dinh Ward, Hanoi.
CAEX's shareholder structure includes:
VPBank Securities JSC (VPBankS) contributed 11% of Capital, about VND 2.75 billion, playing the Vai of key institutional shareholder.
LynkiD Joint Stock Company holds 50% of Capital and retains controlling rights.
Future Land Investment Company Limited owns the remaining 39% of Capital .
Since its launch, CAEX has been positioned as an "extended arm" of VPBank in realizing the plan to participate in the pilot digital asset exchange.
Last September, VPBank announced that VPBankS would play the leading Vai in the project, mobilizing blockchain, finance, and cybersecurity experts to build the platform. VPBankS's presence also helps CAEX provide financial and governance guarantees.
Previously, Vietnam Prosperity Bank (VPBank) also said it was completing the final procedures to participate in the pilot implementation of a crypto-asset trading floor.
CAEX was established in the context of the legal framework that was announced after Resolution No. 05/2025/NQ-CP . Compared to the previous period, when many blockchain projects had to operate "underground" or register abroad, CAEX had a legal foundation to develop from the beginning.
CAEX is not simply a company providing digital asset-related services, but also has strategic significance: laying the foundation for a domestic trading ecosystem, direct integration with the banking system and a transparent payment mechanism approved by the State Bank.
Wave of banks and securities companies entering the crypto market
CAEX is not the only crypto asset exchange to announce its establishment, a series of other financial institutions in Vietnam have also quickly announced plans to participate in the crypto market, including:
MB Bank signed a memorandum of cooperation with Dunamu, the operator of the largest Upbit exchange in Korea. Dunamu will provide technology, legal support, personnel training and investor protection in Vietnam.
Techcombank established TCEX exchange, increasing Capital from 3 billion VND to 101 billion VND in just a few months.
VIX Securities Company launched VIXEX with Capital of 1,000 billion VND, of which VIX contributed 150 billion VND.
SSI Digital (under SSI) signed cooperation agreements with Tether, U2U Network, AWS, and organized many major domestic blockchain events such as GM Vietnam 2025 .
DNEX was established in Da Nang with a charter Capital of 2 billion VND, 3 founding shareholders are Fundgo Fund Management JSC, contributing 30% of Capital; Trustpay JSC contributing 30% of Capital and Digital Asset Management Technology JSC contributing 40% of Capital.
According to VinaCapital 's report, Vietnam currently has about 17 million crypto participants, with an annual transaction value of over 100 billion USD, mostly through international exchanges such as Binance, Bybit, and Upbit.
This explains why domestic banks and securities companies are rushing to establish exchanges when market demand is large enough, investors are familiar with crypto, and most importantly, the legal framework is clear in Vietnam.
Resolution No. 05 officially implemented, protecting crypto asset investors
Previously, Resolution No. 05/2025/NQ-CP on piloting the crypto-asset market officially took effect from September 9, 2025, regulating the offering, issuance, organization of transactions, provision of services and state management of this type of asset in Vietnam.
According to regulations, enterprises wishing to be licensed to provide crypto-asset services must be Vietnamese legal entities, established in the form of limited liability companies or joint stock companies under the Law on Enterprises, and have registered to do business in related industries.
The charter Capital must be contributed in Vietnamese Dong, with a minimum of 10,000 billion VND, of which:
At least 65% must come from financial institutions.
At least two financial or technology institutions must jointly hold 35% or more of the charter Capital .
Individuals are prohibited from direct participation, while foreign investor ownership is limited to a maximum of 49%.
These conditions are designed to minimize risks and avoid the risk of manipulation in the nascent market stage, while ensuring that participating businesses have solid financial foundations and transparent governance capabilities.
Coin68 synthesis
