What exchange was the predecessor to SCEX?
The predecessor to SCEX (Sacom Crypto Asset Exchange) was LPEX (Lộc Phát Vietnam Crypto Asset Exchange Joint Stock Company).
Key Details of the Transition
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Original Name: Lộc Phát Vietnam Cryptocurrency Exchange Joint Stock Company (LPEX).
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Establishment & Expansion: Founded on September 30, 2025, with an initial charter capital of 6.8 billion VND. In February 2026, it increased its charter capital over 50-fold to 360 billion VND (~$14 million USD) to meet tightening regulatory standards.
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Rebranding to SCEX: Following the capital expansion, the company officially rebranded to Sacom Cryptocurrency Exchange Joint Stock Company (SCEX) in April 2026.
The rebranding and capital boost were part of a corporate restructuring strategy to prepare the platform for Vietnam’s official 5-year cryptocurrency pilot program under Government Resolution No. 05/2025/NQ-CP.
What is SCEX?
SCEX, fully known as “Sacom Cryptocurrency Exchange Joint Stock Company” (formerly known as Lộc Phát Vietnam Cryptocurrency Exchange Joint Stock Company – LPEX). The company was established on September 30, 2025, subsequently increasing its charter capital from 6.8 billion VND to 360 billion VND and changing its name to SCEX in 2026.
The company behind SCEX
SCEX is operated by Sacom Cryptocurrency Exchange Joint Stock Company. Before changing its name, the company operated under the name Lộc Phát Vietnam Cryptocurrency Exchange Joint Stock Company (LPEX), with an initial charter capital of 6.8 billion VND.
According to published information, Mr. Nguyễn Duy Phong is the General Director and legal representative of the company. At the time of establishment, LPEX had three founding shareholders: Mr. Dương Văn Quyết, Ms. Nguyễn Thị Bích Ngọc, and Mr. Vũ Phát Đạt.
Lộc Phát 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 360 billion VND. Subsequently, the company changed its name to Sacom Cryptocurrency Exchange Joint Stock Company, with the registration of changes issued on April 28, 2026. The name change from LPEX to SCEX occurred as Vietnam began implementing a pilot mechanism for the cryptocurrency market.（Vietnam Crypto Exchange）
Key features of SCEX
Features of the Project
- Custody of Cryptocurrency Assets: SCEX uses a centralized custody model, where the platform holds the asset keys on behalf of users. Customer assets are separated from the operational assets of the exchange and support several popular assets such as BTC, ETH, SOL, BNB, and TRX.
- Spot Trading with VND: Users can buy and sell digital assets directly with VND, without needing to convert through USDT or intermediary stablecoins. SCEX supports order matching through an order book along with various 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 through Vietnamese bank accounts, reducing reliance on peer-to-peer transactions with third parties. The platform also mentions connections with Sacombank and LPBank for deposits and withdrawals.
- Electronic Identity Verification: The platform supports identity verification via CCCD on mobile phones, connected to the C06 database of the Ministry of Public Security, serving the identification requirements of users, anti-money laundering, and legal compliance.
- Portfolio and Profit/Loss Management: SCEX provides a dashboard to track assets, portfolio value, and real-time profit/loss, helping users manage their investments more effectively.
- Tax Reporting: The tax reporting feature assists in compiling transaction history, calculating profit/loss, and generating reports, aligning with the trend of transparency in cryptocurrency transactions. According to current regulations, individual investors will be taxed 0.1% on the transfer value (sale) of cryptocurrency assets.
- Tools for Professional Traders: SCEX introduces an order matching system, advanced trading interface, 24/7 VND deposit/withdrawal, and automated tax reporting for users who require active trading.
- Security and Asset Protection: The platform emphasizes factors such as asset insurance funds, multi-layered distributed storage, segregated custody, information security, and risk management.
- Asset Transparency: SCEX refers to a proof of reserves mechanism to enhance transparency and verifiability of assets, especially for long-term investors.
- Direction Towards Tokenized Real Assets: SCEX aims to expand into tokenized real assets such as bonds, real estate, or infrastructure projects. For institutional groups, the platform also mentions an interface connecting businesses and a portal supporting the issuance of tokenized real assets.