1Matrix was once a strategic blockchain Shard in Techcombank's financial ecosystem. But less than a year after its launch, the company is entering a new chapter, with a restructuring strategy and the entire Capital transferred to Chairman Phan Duc Trung.
A few weeks ago, sources informed me that the Techcombank group was planning to transfer its entire Capital in 1Matrix to another partner.
This information is further confirmed when, at the recently held 7th National Forum on Technology Business Development in Vietnam, Mr. Phan Duc Trung – Chairman of the Board of Directors of 1Matrix – announced that he had completed the acquisition of all Capital contributions from previous shareholders.
Although he did not name the withdrawing parties specifically, Mr. Trung's statement was interpreted as an indirect confirmation that the Techcombank group had withdrawn from the company.
Currently, neither Techcombank nor 1Matrix has commented on this withdrawal. Therefore, the information still needs further verification.
1Matrix: The hallmark of the Techcombank ecosystem
Established in March 2025 with an initial charter Capital of 200 billion VND, 1Matrix has three founding shareholders. This includes: One Mount Group JSC (60%), Decom Holdings JSC owned by Mr. Phan Duc Trung (30%), and another individual shareholder who is a relative of a Techcombank leader (10%).
At its launch event in May 2025, 1Matrix was introduced as a member of the ecosystem. Techcombank – One Mount Group – Masterise Group – TCBS, with the mission of developing Layer 1 Blockchain networks “Make in Vietnam”.
The presence of One Mount Group – the core technology enterprise within the Techcombank ecosystem – along with statements at the launch ceremony, clearly demonstrate the "supportive" role of this financial group in the initial phase of 1Matrix.
Although not directly involved in Capital investment, Masterise Group is considered a noteworthy link, given its close ownership ties with members of the Techcombank ecosystem.
Besides, TCBS – a securities company affiliated with Techcombank – has also repeatedly hinted at its intention to deeply engage in the blockchain field once the legal framework permits. 1Matrix, therefore, is XEM as a project that carries high expectations from the Techcombank group in its journey to digitize financial infrastructure.
Restructuring and a new chapter for 1Matrix
At the end of 2025, at the 7th National Forum on Technology Business Development in Vietnam, 1Matrix was honored as one of the seven leading technology companies in Vietnam, alongside giants like Viettel, VNPT, FPT, CMC, Sovico, and MISA.
Mr. Phan Duc Trung - Chairman of the Board of Directors of 1Matrix, Chairman of the Vietnam Blockchain and Digital Asset Association (VBA) - is the second from the right.
At this event, Mr. Phan Duc Trung – Chairman of 1Matrix – represented the company in receiving two key science and technology tasks for 2026: integrating blockchain into traceability systems and judicial systems.
Simultaneously, 1Matrix also announced its restructuring strategy, repositioning itself as a Blockchain-as-a-Service (BaaS) provider – a comprehensive blockchain solution aimed at businesses, startups, and the public service sector.
In this context, the Vietnam Blockchain Chain Service Network (VBSN), built by 1Matrix, will continue to be a neutral infrastructure with the potential for national-scale expansion.
As mentioned at the beginning of the article, to realize this strategy, Mr. Phan Duc Trung confirmed that he has received all the Capital contributions from previous shareholders, helping the company strengthen its proactive and flexible operations.
Notably, in the speeches related to the restructuring phase, the names that were once mentioned as pillars of the original ecosystem – especially Techcombank – no longer appeared in isolation.
Instead, 1Matrix representatives used the concept of "partners," positioning them as Vai in business deployment, market development, and user experience, while 1Matrix itself narrowed its focus to providing technology infrastructure.
In the new structure, the Vietnam Blockchain Association (VBA) is emphasized as a central coordinating body for the ecosystem, promoting standardization and white-label implementation. Partners participate at the application and market levels, while 1Matrix Vai the technological "railway" from behind the scenes.
