KuCoin has signed a memorandum of understanding with Vietnam's Blockchain and Digital Assets Association (VBA) and 1Matrix to develop blockchain infrastructure, promote digital asset applications, and support Vietnam's digital economy and national blockchain strategy (2025-2030).

This partnership aims to foster innovation through pilot trading platforms, digital payment solutions, electronic identity systems, and risk management tools, aligning with Vietnam's broader digital transformation goals.

The MoU seeks to position Vietnam as a prominent player in global blockchain innovation, helping the country address issues related to FATF's gray list and enhance its regulatory framework.

Vietnam has taken significant steps by approving its first crypto asset conversion project in Danang, operated within the city's fintech sandbox and developed by VBA member AlphaTrue Solutions, complying with FATF's Travel Rule.

Established in 2022, VBA is Vietnam's first official blockchain organization, focusing on standardization, research, and promoting blockchain adoption to support the country's digital transformation and AML compliance.

Vietnam's move from an uncertain legal stance on cryptocurrencies to a clearer regulatory framework is opening opportunities for KuCoin to expand, with new laws set to take effect in January 2026.

KuCoin emphasizes security, transparency, and compliance, including real-time order data, proof-of-reserves, and KYC/AML standards, while investing in local projects and talent development to strengthen Vietnam's blockchain ecosystem.

1Matrix, a VBA member, is developing the Vietnam Blockchain Multi-Chain Service Network (VBSN), a platform for rapid deployment of layer-1 blockchains, supporting digital identity and data governance across Vietnam.

Vietnam's increasing adoption of blockchain and cryptocurrencies is reflected in its tourism growth, service revenues, and the partnership with Dunamu to launch the country's first digital currency exchange.