Sacom Crypto Exchange Joint Stock Company (SCEX) to Launch Trading Services Upon Licensing
The application for a Level 4 information system security rating from Sacom Cryptocurrency Exchange Joint Stock Company (SCEX) has been reviewed and approved by the Cybersecurity Department of the Ministry of Public Security.
Accordingly, Resolution 05/2025/NQ-CP requires service providers to meet information system security standards level 4 before commencing operations, a “threshold” considered very high, demanding significant effort and commitment from businesses.
With SCEX, the exchange’s technology infrastructure was built from the outset with a focus on Level 4 information system security standards, combined with a multi-layered asset custody model and a team of experienced operators in the banking and securities sectors.
The completion of the audit confirms that SCEX ‘s system meets high security standards and is ready to protect investors’ assets and data.
Sharing about this milestone, a representative from SCEX stated: “For a cryptocurrency exchange, investor confidence begins with security. We consider ‘safety and security’ a non-negotiable commitment. Completing Level 4 due diligence is proof of SCEX’s thorough investment, ensuring that every investor participating in the market can feel secure about their assets.”
Besides its technological capabilities, SCEX has also completed increasing its charter capital to VND 10,000 billion, meeting the minimum capital requirement as stipulated in Resolution 05/2025/NQ-CP .
The new financial resources enable SCEX to continue investing in technology infrastructure, cybersecurity, and risk management, while also creating a solid foundation for the company to prepare for the official deployment phase.
SCEX has completed its Level 4 information system security assessment. Photo: SCEX
SCEX’s technology system has not only been prepared on paper, but has also been tested in real-world conditions using the SCEX Simulator platform.
This platform was developed for the “Crypto Asset Trading Arena” competition, part of the “Digital Asset Popularization 2026” program organized by VIFC Academy and VBI Training Institute, with SCEX as a strategic partner.
Just 48 hours after its launch, the app had over 22,000 registered accounts, rose to the top 2 most downloaded apps on the App Store, and entered the top 6 trending apps on the X platform in Vietnam.
After a week, this number increased to over 41,000 accounts with nearly 142,000 orders placed, and a total simulated trading value of nearly 55 trillion VND. To date, after more than three months of implementation, SCEX Simulator has attracted over 60,000 investors to participate in the experience.
The simulation environment is designed to be highly realistic: prices fluctuate in real time, closely following major cryptocurrency exchanges worldwide; transactions are conducted in Vietnamese Dong in accordance with the pilot legal framework; and a mechanism for recording arising tax obligations is integrated.
The fact that tens of thousands of users are simultaneously placing orders, monitoring price fluctuations, and providing feedback on the interface and features is a valuable source of data for SCEX to test its load capacity, optimize performance, and refine the user experience.
This result demonstrates SCEX’s thorough preparation in both areas: technological infrastructure and testing.
Currently, SCEX is one of five businesses whose applications have been fully and validly assessed by the Ministry of Finance for consideration of licensing to organize a cryptocurrency trading market under Resolution 05/2025/NQ-CP.
In the coming period, SCEX will continue to refine its technological components, business processes, and operational capabilities, while coordinating with competent authorities to fully meet the conditions for participating in the cryptocurrency market pilot program.
The provision of cryptocurrency trading services will be launched after the business meets the relevant legal requirements and obtains the necessary licenses.（Vietnam Crypto Exchange）