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Crypto exchange KuCoin will serve as a strategic ally for Vietnam in executing the nation’s blockchain development strategy, collaborating with local developers on infrastructure initiatives.
KuCoin has entered into a Memorandum of Understanding (MoU) with the Vietnam Blockchain and Digital Assets Association (VBA) and 1Matrix. This agreement seeks to enhance the implementation of blockchain infrastructure, digital payment systems, and digital identity frameworks in Vietnam.
The Vietnam Blockchain Association was founded in 2022 following a directive from the Ministry of Home Affairs but was rebranded in August 2025 as the Vietnam Blockchain and Digital Assets Association (VBA). 1Matrix, a member of VBA, is currently executing the Vietnam Blockchain Multi-Chain Service Network (VBSN), which facilitates the swift deployment of L1 blockchains for digital identity and data management.
As part of the agreement, KuCoin will be tasked with transferring cutting-edge technologies and best practices related to Web3 infrastructure projects, ensuring a high degree of security and transparency. 1Matrix will oversee local infrastructure and resources, while VBA will manage standardization, government collaboration, and public advocacy for blockchain technologies.
The collaborative initiative encompasses:
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- the establishment of pilot trading platforms;
- the implementation of digital payment solutions;
- the development of digital identity systems;
- the creation of risk management tools that comply with international standards.
This all-encompassing strategy aims not only to stimulate the growth of Web3 startups and facilitate their entry into global markets but also to enhance financial inclusion for the populace.
Damen Chen, Vice President of KuCoin, remarked that Vietnam is presently one of the most vibrant global centers for blockchain development, attributed to its youthful and technologically adept population. The partnership will also emphasize the creation of educational programs, support for universities, and investment in early-stage startups through KuCoin Labs and KuCoin Ventures.
This collaboration directly aligns with Vietnam’s National Strategy on the Application and Development of Blockchain Technology through 2030, which seeks to bolster the country’s status as a global center for digital innovation.
In June 2025, the National Assembly of Vietnam ratified the Law on Digital Technology Industry, which established the legal framework for digital assets and outlined state regulatory measures in this sector. A month later, authorities announced the initiation of the national blockchain platform NDAChain, intended to serve as the foundation of the nation’s digital infrastructure.
Сообщение KuCoin to Drive Strategic Blockchain Infrastructure Development in Vietnam появились сначала на CoinsPaid Media.
