Crypto exchange KuCoin will become a strategic partner of Vietnam in implementing the country’s national blockchain development strategy, focusing together with local developers on infrastructure projects.
KuCoin signed a Memorandum of Understanding (MoU) with the Vietnam Blockchain and Digital Assets Association (VBA) and 1Matrix. The agreement aims to accelerate the adoption of blockchain infrastructure, digital payment solutions, and digital identity systems in Vietnam.
The Vietnam Blockchain Association was established in 2022 by a decision of the Ministry of Home Affairs but rebranded in August 2025 as the Vietnam Blockchain and Digital Assets Association (VBA). 1Matrix, a member of VBA, is already implementing the Vietnam Blockchain Multi-Chain Service Network (VBSN), which enables rapid deployment of L1 blockchains for digital identity and data management.
Under the agreement, KuCoin will be responsible for transferring advanced technologies and best practices in Web3 infrastructure projects, ensuring a high level of security and transparency. 1Matrix will manage local infrastructure and resources, while VBA will oversee standardization, government engagement, and public promotion of blockchain technologies.
The joint initiative includes:
- establishing pilot trading platforms;
- implementing digital payment solutions;
- developing digital identity systems;
- creating risk management tools aligned with international standards.
This comprehensive approach is designed not only to foster the growth of Web3 startups and support their expansion into global markets but also to improve financial inclusion for the population.
Damen Chen, Vice President of KuCoin, noted that Vietnam is currently one of the most dynamic global hubs for blockchain development thanks to its young and tech-savvy population. The partnership will also focus on developing educational programs, supporting universities, and investing in early-stage startups through KuCoin Labs and KuCoin Ventures.
The partnership directly supports Vietnam’s National Strategy on the Application and Development of Blockchain Technology through 2030, which aims to strengthen the country’s position as a global hub for digital innovation.
In June 2025, the National Assembly of Vietnam approved the Law on Digital Technology Industry, which established the legal status of digital assets and set out state regulatory measures in this field. A month later, the authorities announced the launch of the national blockchain platform NDAChain, designed to become the backbone of the country’s digital infrastructure.
