Vietnam Launches First Pilot of National-Level Crypto Asset Exchange with Techcom Securities Participation

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Vietnam is making significant strides in establishing a state-regulated centralized crypto asset exchange (CEX). In March 2025, Hanoi hosted a high-level national workshop involving the Ministry of Finance, State Bank, Ministry of Public Security, blockchain experts, and the Vietnam Blockchain Association (VBA) to discuss the Sandbox Mechanism Draft Resolution. This resolution, set for release in early April, will pave the way for the pilot operation of the exchange.

Key Developments in Vietnam's Crypto Landscape

  1. Techcom Securities (TCBS) Participation
    TCBS has proposed piloting tokenized securities trading on the platform. Its parent company, Techcombank, has committed to active involvement in technical development and is prepared for post-regulatory deployment.

  2. Legal Framework Progress

    • The Crypto Asset Sandbox Draft, Digital Technology Law, and International Financial Center Law will be submitted to Vietnam's National Assembly in May 2025.
    • The Digital Technology Law (passed June 2025) will take effect on January 1, 2026, legally recognizing "crypto assets" and "tokenized assets" for the first time.
  3. Infrastructure Integration
    TCBS has already integrated a crypto market data section into its online securities platform, offering real-time price tracking for 100+ major cryptocurrencies like BTC, ETH, XRP, BNB, and DOGE—showcasing Vietnam's advancing fintech ecosystem.

👉 Explore Vietnam's crypto regulations and investment opportunities

FAQ Section

Q1: What is the significance of Vietnam’s crypto sandbox?
A: The sandbox allows controlled testing of crypto assets under regulatory oversight, balancing innovation with risk management.

Q2: How does tokenization benefit traditional securities?
A: Tokenized securities enhance liquidity, reduce settlement times, and enable fractional ownership, attracting broader investor participation.

Q3: When will Vietnam’s crypto laws fully take effect?
A: Key provisions under the Digital Technology Law become enforceable in 2026, with earlier pilot phases likely in 2025.

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