Vietnam’s Crypto Revolution: Banks and Brokers Dive Headfirst into Virtual Asset Market

Vietnam's financial sector just flipped the script—traditional banks and brokers are now diving into crypto waters.

The New Playing Field

Major institutions are building virtual asset infrastructure faster than you can say 'decentralization.' They're launching trading desks, custody solutions, and regulatory frameworks that would make legacy finance blush.

Market Momentum

Local investors are jumping in—volume spikes hitting triple digits as institutions provide the legitimacy retail craved. No more sketchy offshore exchanges when your neighborhood bank offers BTC wallets.

The Regulatory Dance

Hanoi's playing it smart: embracing innovation while slapping guardrails on volatility. They've seen what happens when markets run wild—and they're not repeating 2022's mistakes.

Final Take

Vietnam's move proves crypto's not just for rebels anymore—it's becoming part of the establishment. Though let's be real: watching banks try to be 'cool' with blockchain is like watching your dad dance at a wedding—painful but profitable.

TLDR

• Vietnam banks & brokers race to build crypto platforms under new pilot rules
• SSI, TCBS, MB & VPBank spearhead Vietnam’s regulated digital asset exchanges
• Vietnam launches pilot crypto exchanges; top firms move fast to comply
• SSI Digital, TCEX, MB & VPBank lead Vietnam’s virtual asset transformation
• Resolution 05/2025 sparks bank-led push into Vietnam’s digital asset market

Vietnam has initiated a pilot regime for VIRTUAL asset exchanges under Resolution 05/2025, opening doors for banks and brokers. The government requires financial institutions to meet minimum capital and ownership thresholds to operate legally. As a result, key banks and securities firms are actively launching new platforms and partnerships.

SSI Securities Leads Push with Digital Subsidiary

SSI Securities has positioned itself as a pioneer in Vietnam’s regulated virtual asset space. It launched its digital finance arm, SSI Digital Corporation, with VND 200 billion in charter capital. Since then, it has built alliances with Tether, AWS, and blockchain firms to strengthen its infrastructure.

In response to Resolution 05/2025, the company accelerated efforts to meet compliance and equity ownership mandates. The resolution mandates firms to have VND 10 trillion in capital and a minimum 35% equity from approved institutions. SSI’s early digital strategy now aligns with these standards and positions the firm for pilot program participation.

The pilot scheme enables virtual asset issuance, trading, and service operations under government control. SSI has been building a compliant ecosystem since 2022, giving it a clear head start. This strategy has drawn interest from other brokers aiming to follow similar blueprints.

Techcom Securities Launches TCEX for Crypto Trading

Techcom Securities (TCBS) entered the crypto sector with the launch of the Techcom Encrypted Asset Exchange (TCEX) in May 2025. The firm initially committed VND 3 billion, which later increased to VND 101 billion. This capital boost reflects strong confidence in the regulated digital asset future.

TCBS is designing TCEX to comply with the pilot exchange requirements, including the equity participation rule. Its structure includes contributions from multiple financial institutions, meeting the required ownership split. The exchange will support tokenized assets, digital trading, and regulatory reporting.

TCBS is enhancing its technical backbone to support large-scale digital asset operations. It aims to leverage its banking connections and client base for early adoption. The firm’s swift action shows the urgency of the financial firm in capturing early market share.

Military Bank and VPBank Drive Banking Sector Expansion

Military Bank (MB) has formed a key partnership with Dunamu, operator of Korea’s Upbit, for tech and compliance support. The collaboration ensures MB will gain Upbit’s regulatory insights, technical platforms, and investor protection tools. MB operates under the Ministry of National Defense, giving the project state backing.

VPBank is preparing a tokenized asset exchange through its subsidiary VPBank Securities (VPBankS). It is also planning an IPO to raise capital for the digital venture. The bank intends to use the funds to build infrastructure and meet the equity structure outlined in Resolution 05/2025.

Both banks are targeting fast implementation to participate in the official pilot. The government has confirmed that multiple exchanges will be licensed under the program. These initiatives place MB and VPBank at the forefront of Vietnam’s digital asset transformation.