Who is Behind CAEX, Vietnam’s Premier Licensed Exchange?
As Vietnam officially launches its digital asset pilot scheme under Resolution No. 05/2025/NQ-CP, the local crypto market has reached a pivotal turning point, transitioning from a “gray market” into a fully regulated ecosystem. Among the five entities that cleared the initial regulatory review, Vietnam Prosperity Digital Assets Exchange JSC (CAEX) has attracted significant market attention due to its formidable backing and international consortium.
So, who are the key key players driving this platform as it aims to secure the leading position in Vietnam’s regulated digital asset space?
1. Traditional Financial Giants: VPBank and VPBankS
The primary domestic anchor for CAEX is Vietnam Prosperity Joint Stock Commercial Bank (VPBank), one of Vietnam’s largest private commercial banks, along with its securities arm, VPBankS. As founding shareholders, VPBankS brings institutional-grade risk management frameworks, compliance expertise, and substantial capital support to CAEX. This backing gives the exchange a distinct competitive advantage in integrating local fiat currency (VND) gateways and bank-grade asset custody infrastructure.
2. Domestic Tech Ecosystem: LynkiD
In addition to financial institutional backing, LynkiD, a prominent Vietnamese digital customer loyalty and tech platform, is heavily involved as a founding shareholder. LynkiD’s participation supplies CAEX with a massive local retail user base and real-world application scenarios, establishing a strong domestic dual engine of “Finance + Technology.”
3. Global Crypto Giants: OKX Ventures and HashKey Capital
On the strategic capital and international technical collaboration front, global crypto heavyweight OKX (via its investment arm, OKX Ventures) and HashKey Capital serve as strategic investors and technology partners for CAEX:
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Capital Expansion to 10 Trillion VND: To meet the strict regulatory threshold set by Vietnamese authorities—requiring pilot exchanges to hold 10 trillion VND (approximately $384 million USD) in equity—CAEX completed a major capital injection, with foreign investment accounting for roughly 10.6% of the equity structure.
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Technology & Liquidity Integration: Beyond capital, OKX and HashKey are empowering CAEX by helping build international-standard trading infrastructure, providing liquidity support, and deploying Level 4 information security architecture.
The forces behind CAEX are not a single enterprise, but rather a strategic syndicate combining local mainstream financial institutions (VPBankS), domestic tech ecosystems (LynkiD), and premier global Web3 capital and tech firms (OKX, HashKey). This synergy of “local compliant financial resources + mature international crypto technology” positions CAEX as one of the most competitive players in Vietnam’s first cohort of licensed digital asset exchanges.（Vietnam Crypto Exchange）