Cryptocurrency exchange KuCoin collaborates with Vietnam's VBA in pursuit of their 2025 blockchain strategy
In a significant move for the cryptocurrency and blockchain sector, KuCoin, the Vietnam Blockchain and Digital Assets Association (VBA), and 1Matrix have joined forces to contribute to Vietnam's digital economic strategy 2025-2030. This collaboration marks a milestone for KuCoin's presence in Southeast Asia.
The partnership aligns with Vietnam's ambition to create a regulated yet innovative environment for crypto and blockchain. The three entities β KuCoin, VBA, and 1Matrix β will work together, with KuCoin providing technical architecture such as wallet services and exchange infrastructure, 1Matrix managing domestic infrastructure, and VBA handling policy and regulatory compliance.
VBA will lead on policy and standardization, ensuring compliance within the regulatory environment. 1Matrix will contribute through local resources and ecosystem support, engaging directly with local institutions to integrate blockchain solutions. The goal is to scale digital applications across multiple industries, including financial services, supply chains, and digital payments.
The plan seeks to support tokenization, digital identity, and asset tracking, with VBA expected to steer the evolution of standards for asset management and token use. The partnership aims to give investors and businesses more trust in blockchain use in Vietnam, ultimately strengthening the foundations of blockchain use in the country.
The collaboration supports Vietnam's official 2025-2030 blockchain strategy, drawing attention from global investors. By providing a platform for global exchanges like KuCoin to work with local organizations to support national strategies, the deal offers a unique opportunity to accelerate blockchain adoption and Vietnam's long-term roadmap for the sector.
The partnership intends to advance blockchain infrastructure and expand digital asset use cases across Vietnam's economy, creating a stronger foothold for KuCoin in an emerging hub of blockchain activity. KuCoin will provide technology solutions tailored for the local market, contributing to the expansion of blockchain's role in government and business functions as outlined in Vietnam's 2025-2030 Blockchain Strategy.
This strategic alliance underscores the commitment of these organisations to Vietnam's digital development plan for the decade, with the ultimate goal of pioneering blockchain use in practical ways and advancing the country's digital economy.
