Global cryptocurrency exchange KuCoin has entered into a strategic Memorandum of Understanding (MoU) with the Vietnam Blockchain and Digital Assets Association (VBA) and 1Matrix Joint Stock Company, aiming to accelerate blockchain development and digital infrastructure in Vietnam. The agreement supports the nation’s broader National Blockchain Strategy (2025-2030) and reflects KuCoin’s continued focus on emerging markets.
The partnership is designed to facilitate the growth of Vietnam’s digital economy by leveraging KuCoin’s global technical expertise, 1Matrix’s on-the-ground infrastructure capabilities, and VBA’s policy advocacy and standardization efforts. Key initiatives include the development of pilot trading platforms, digital payment systems, e-identity solutions, and tools for risk management aligned with international standards.
Under the terms of the MoU:
This tripartite framework is intended to create a transparent, secure, and sustainable digital financial ecosystem, while also enabling Vietnamese startups to access international markets and foster broader economic inclusion.
“Vietnam is emerging as one of the world’s most dynamic hubs for blockchain and digital assets, fueled by a young, creative, and tech-savvy community ready to pioneer global innovations,” said Damen Chen, Vice President and Head of Group Commercial at KuCoin. “Through this strategic partnership with VBA and 1Matrix, KuCoin is excited to co-develop blockchain technology and commit to long-term collaboration in building community trust, advancing digital asset education, and nurturing Vietnam’s blockchain startup ecosystem. Our shared goal is to create a transparent, secure, and internationally competitive market, elevating Vietnam as a pivotal landmark on the global blockchain map.”
KuCoin’s emphasis on compliance, transparency, and user protection remains central to its operations. During his remarks at the Da Nang Finance and Tech Week, Chen highlighted the exchange’s real-time order book transparency, ongoing proof-of-reserves reporting, and independent audits, measures designed to combat inflated volumes and reinforce trust. KuCoin was also among the first major exchanges to implement mandatory KYC and AML procedures, and it continues to participate in regulatory dialogues, sandbox environments, and policy formulation efforts worldwide.
In Vietnam, KuCoin Labs and KuCoin Ventures are actively investing in early-stage blockchain projects and collaborating with universities and developer communities to support talent development and adoption of technologies such as tokenization and DeFi.
Phan Duc Trung, Chairman of both VBA and 1Matrix, underscored the significance of the collaboration, stating that it will help boost Vietnam’s digital asset sector, support international integration, and contribute to building a transparent and sustainable financial future.
The Vietnam Blockchain and Digital Assets Association (VBA) was officially established under Decision No. 343/QD-BNV by the Ministry of Home Affairs in April 2022. It functions as Vietnam’s first national organization focused on blockchain advocacy, standardization, and education.
1Matrix, a member of VBA, plays a key role in the development of blockchain infrastructure in the country. It leads the creation of the Vietnam Blockchain Multi-Chain Service Network (VBSN), a platform that supports layer-1 blockchain deployment, digital identity, and data governance for public-sector and enterprise use.
The MoU lays the groundwork for a new operational model in Vietnam’s blockchain industry and reinforces the country’s ambition to become a leader in digital transformation on the global stage.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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