SCEX: Sacombank’s Crypto Exchange for the Vietnamese Market
What is SCEX? Sacombank’s cryptocurrency exchange for the Vietnamese market.The cryptocurrency market in Vietnam is entering a pilot phase with a clearer legal framework following Resolution 05/2025/NQ-CP. In this context, SCEX has attracted attention by announcing that it has passed the first round of evaluation in the licensing process for providing cryptocurrency trading services.
SCEX, whose full name is Sacom Crypto Asset Exchange Joint Stock Company, formerly LPEX, is positioning itself as a cryptocurrency trading platform for Vietnamese users. The platform focuses on local features such as trading in VND, bank deposits/withdrawals, eKYC, asset custody, portfolio management, and tax reporting support. Let’s explore this cryptocurrency exchange in detail in the article below.
What is the SCEX exchange?
SCEX’s full name is “Sacom Cryptocurrency Exchange Joint Stock Company” (formerly Loc Phat Vietnam Cryptocurrency Exchange Joint Stock Company – LPEX). The company was established on September 30, 2025, and subsequently increased its charter capital from VND 6.8 billion to VND 360 billion and changed its name to SCEX in 2026.
Homepage of SCEX
Unlike international exchanges which typically focus on global liquidity and trading pairs.stablecoinSCEX is building a cryptocurrency exchange model to serve the Vietnamese market. The focus of the platform is to allow users to trade digital assets with Vietnamese Dong (VND), connect with the domestic banking system, and operate within the framework of domestic legal compliance.
Besides its role as a trading platform, SCEX also establishes supporting product layers such as crypto asset custody, electronic identity verification, portfolio management, transaction reporting, and aims to expand into tokenized physical assets. These factors demonstrate that SCEX not only wants to be a trading application, but also aims to be the infrastructure connecting crypto assets, Vietnamese users, and the traditional financial system.
The company behind SCEX
SCEX is operated by Sacom Cryptocurrency Exchange Joint Stock Company. Before changing its name, the business operated under the name Loc Phat Vietnam Cryptocurrency Exchange Joint Stock Company (LPEX), with an initial charter capital of VND 6.8 billion.
According to published information, Mr. Nguyen Duy Phong is the General Director and legal representative of the company. At its inception, LPEX had three founding shareholders: Mr. Duong Van Quyet, Ms. Nguyen Thi Bich Ngoc, and Mr. Vu Phat Dat.
Loc Phat Vietnam Cryptocurrency Exchange Joint Stock Company (LPEX) has changed its name to Sacom Cryptocurrency Exchange Joint Stock Company (Sacom).
On February 11, 2026, the company increased its charter capital to VND 360 billion. Subsequently, the company changed its name to Sacom Crypto Asset Exchange Joint Stock Company, with the registration change issued on April 28, 2026. The name change from LPEX to SCEX took place in the context of Vietnam beginning to implement a pilot mechanism for the cryptocurrency market.
Key features of the SCEX exchange
According to information published at the time of writing (July 2026), SCEX is building a product portfolio centered around the needs of Vietnamese users, ranging from asset custody, VND trading, bank deposits/withdrawals, portfolio management, to expanding into tokenized physical assets.
However, since SCEX is still undergoing the evaluation process for licensing as a cryptocurrency exchange, the features below should be understood as information published by the platform, not confirmation that the exchange has been officially licensed to operate.
Project features
– Cryptocurrency custody : SCEX uses a centralized custody model, where the platform holds asset keys on behalf of users. Client assets are segregated from the exchange’s operational assets and supports several popular assets such asBTC,ETH,SOL,BNBandTRX.
– Spot transactions in VND : Users can buy and sell digital assets directly using VND, without needing to convert it to another currency.SIMTor an intermediary stablecoin. SCEX supports order matching via order book along with order types such as market orders, limit orders, stop-market orders, and stop-limit orders.
– 24/7 VND Deposit/Withdrawal : SCEX allows VND deposits and withdrawals via Vietnamese bank accounts, reducing reliance on peer-to-peer transactions with third parties. The platform also mentions connections with Sacombank and LPBank in the deposit/withdrawal section.
– Electronic identity verification : A platform supporting identity verification via citizen identification cards on mobile phones, connected to the C06 database of the Ministry of Public Security, serving the requirements of user identification, anti-money laundering, and legal compliance.
– Portfolio and Profit/Loss Management : SCEX provides a dashboard for tracking assets, portfolio value, and profit/loss in real time, helping users manage their investments more effectively and efficiently.
– Tax reporting : The tax reporting feature supports the aggregation of transaction history, calculation of profit/loss, and report generation, aligning with the trend towards greater transparency in cryptocurrency transactions.current regulationsIndividual investors will be taxed 0.1% on the transfer (sale) value of cryptocurrency assets.
– Tools for professional traders : SCEX introduces an order matching system, a sophisticated trading interface, 24/7 VND deposit/withdrawal, and automatic tax reporting for users who need proactive trading.
– Security and asset protection : The platform emphasizes elements such as asset insurance funds, multi-tiered distributed storage, segregated custody, data security, and risk management.
– Asset transparency : SCEX refers to a reserve proof mechanism aimed at increasing transparency and verifiability of assets, especially for long-term investors.
– Oriented towards tokenized real assets : SCEX aims to expand into tokenized real assets such as bonds, real estate, or infrastructure projects. For institutional clients, the platform also mentions a business connectivity interface and a portal supporting the issuance of tokenized real assets.
Simulated crypto asset price chart on SCEX
SCEX passed the first round of evaluation in the licensing process.
What has drawn attention to SCEX recently is the company’s announcement that it has completed the first round of evaluation in its application process for a license to provide cryptocurrency trading services in Vietnam.
This move comes as the government has issued regulations.Resolution 05/2025/NQ-CPRegarding the pilot implementation of the cryptocurrency market, this is an important basis for domestic businesses to participate in the due diligence process, instead of the market operating mainly through international exchanges, P2P transactions, or platforms without a clear regulatory framework.
Furthermore, the Law on Digital Technology Industry No. 71/2025/QH15 also creates a broader legal framework for digital and crypto assets in Vietnam, effective from January 1, 2026. Considering SCEX in this context, it can be seen that the company is emerging at the right time as the market transitions from a “lack of clear legal framework” to a “controlled pilot program”.
However, passing the first round of evaluation does not mean that SCEX has been officially licensed. The company still needs to complete its application and meet subsequent evaluation rounds before it can operate as an approved cryptocurrency exchange.
Digital Asset Awareness Program and SCEX Simulator
In preparation for its launch, SCEX is also linked to the Digital Asset Awareness Program 2026 through the SCEX Simulator platform. This is a simulated trading platform used for the “Crypto Asset Arena” activity, where participants can learn fundamental knowledge and practice trading cryptocurrencies in a simulated environment.
The 2026 Digital Asset Literacy Program, organized by the Vietnam International Finance Center in Ho Chi Minh City and VBI Training Academy, with SCEX as a technology partner, combines learning, practice, and competition. Instead of just providing theoretical materials, the program helps new users familiarize themselves with how the cryptocurrency market operates before entering a real trading environment.
Through the SCEX Simulator, participants are given an initial hypothetical capital of 1 billion VND to experience operations such as monitoring price fluctuations, placing orders, managing portfolios, evaluating trading performance, and honing risk management skills. Because all activities take place in a simulated environment, users can test strategies without the risk of losing real money.
Notably, the “Crypto Asset Arena” also features a competition mechanism, ranking, and rewards. Participants’ performance is evaluated based on multiple criteria such as completion of the experience journey, effectiveness of the simulated portfolio, risk management ability, and decision-making skills. The total prize value of the program is announced to be over 1.6 billion VND.
According to published information, the SCEX Simulator recorded over 22,000 accounts within just 48 hours of its launch, demonstrating the significant interest of Vietnamese users in the model for learning and competing in cryptocurrency trading in a test environment. However, it should be noted that this is a simulation and educational activity, and does not mean that SCEX has been officially licensed to operate a cryptocurrency exchange in Vietnam.
Simulated trading interface on SCEX
The impact if SCEX is licensed in Vietnam.
If SCEX completes the licensing process and receives operational approval, this could be one of the notable steps in the formation of a domestic cryptocurrency market in Vietnam.
Previously, most Vietnamese users accessed crypto through international exchanges or P2P trading. This model had the advantage of quick access, but also came with many problems such as counterparty risk, difficulty controlling money flow, lack of reporting standards, and heavy reliance on foreign platforms.
If domestic cryptocurrency exchanges are licensed, the market could gradually shift to a more supervised model. Users would have to provide full identification, VND deposits and withdrawals could be directly linked to the domestic financial system, assets would be held in custody according to risk management standards, and transaction history could be aggregated for reporting purposes.
With SCEX, the key area to watch is the potential for connectivity between four layers: cryptocurrency trading infrastructure, traditional banking/financial systems, user education via simulators, and domestic compliance requirements. If successfully implemented, this could serve as a benchmark model for how the Vietnamese cryptocurrency market operates during the pilot phase.
However, this prospect still largely depends on the licensing outcome, detailed regulations from the regulatory authority, and the platform’s actual operational capabilities. Therefore, SCEX should not be viewed as an officially approved exchange, but rather as a business undergoing evaluation and one worth watching.
The time when SCEX or another domestic exchange is licensed also marks the beginning of a 6-month period for Vietnamese investors to transfer crypto assets from foreign platforms to domestic ones to avoid the risk of administrative penalties or criminal prosecution as stipulated in Resolution 05.
Summary
it’s clear that SCEX is one of the noteworthy businesses during Vietnam’s pilot phase of the cryptocurrency market. Its key feature lies in its focus on building a cryptocurrency trading platform to serve Vietnamese users, with elements such as trading in VND, bank deposits/withdrawals, asset custody, electronic identity verification, tax reporting, and the SCEX Simulator trading simulation program.
However, SCEX is currently undergoing evaluation and has not yet been officially licensed to operate. Users should continue to monitor further information from the regulatory authority and the platform before making a decision.（Vietnam Crypto Exchange）