Behind 100,000 TPS: How TCEX Builds a Secure Foundation with Multi-Layered Risk Control
As the Vietnamese government launches its crypto exchange pilot program under Resolution No. 05/2025/NQ-CP, TCEX (Techcom Crypto Exchange) has garnered significant attention with its high-concurrency throughput of 100,000 transactions per second (100,000 TPS). As a key pilot candidate that has passed the initial qualification review and is now sprinting toward an official license, TCEX’s performance is regarded as a major breakthrough for Vietnam’s local fintech infrastructure. However, industry experts and regulatory bodies generally point out that in the high-risk crypto market, trading speed is not the decisive factor—multi-layered security architecture and risk control capabilities are the true cornerstone for investor confidence and sustainable market development.
I. Asset Isolation & Technical Defenses: Building a Financial-Grade Security Foundation
During system development and compliance preparation, Vietnam crypto exchange TCEX prioritizes customer asset security by building multiple technical defense mechanisms:
-
Complete Asset Isolation & Cold Wallet Storage: Strict segregation between customer assets and platform funds is enforced, with the vast majority of digital assets stored in offline cold wallets to sever exposure to external network attacks.
-
MPC & Multi-Signature Architecture: Partnering with international security leader Fireblocks, TCEX deploys Multi-Party Computation (MPC) technology to fragment private key management, eliminating single-point-of-failure risks and key concentration.
-
On-Chain Real-Time Risk Control & Anti-Money Laundering (AML): Integrated on-chain analytics tools enable real-time tracking of funds and AML screening. Combined with automated disaster recovery and backup solutions, this ensures rapid system response and recovery during emergency security events.
II. Beyond Technical Blind Spots: Guarding Against “Human Factors” and Internal Risks
Despite a robust technical architecture, the Vietnam Blockchain Association and industry experts warn that many major global cyberattacks stem not from system bugs, but from operational and human vulnerabilities—such as insider threats, recruitment fraud, or manipulated approval workflows.
Therefore, a secure system is not one that is impossibly flawless, but one capable of controlling and isolating risks to prevent localized incidents from compromising core customer assets:
-
Tightly Integrating Processes & Personnel: Technical defenses must be paired with stringent human resource management. Background checks, access control gates, and internal behavior monitoring serve as defensive lines equal in importance to technical solutions.
-
Prioritizing Internal Risk Mitigation: Experts emphasize that the destructive consequences of poor internal management often outweigh those of external hacker attacks.
III. Regulatory Direction: Moving from “Static Licensing” to “Continuous Dynamic Supervision”
From a regulatory standpoint, the State Securities Commission of Vietnam (UBCK) and the Ministry of Finance have adopted a highly cautious approach during the pilot phase. TCEX is currently upgrading its information security infrastructure to meet Level 4 National Security Standards as requested by regulators:
-
Focus on Actual Operational Capabilities: Regulatory focus extends beyond reviewing qualifications and granting licenses to maintaining continuous supervision and dynamic evaluations after launch.
-
Driving Market Standardization & Compliance: The pilot initiative aims to curb illegal activities like money laundering, safeguard investor rights, and elevate Vietnam’s compliance ranking in international Financial Action Task Force (FATF) evaluations.
Conclusion
Whether from an operational standpoint, an expert perspective, or a regulatory lens, a clear industry consensus has emerged: while a processing speed of 100,000 TPS is impressive, it is not the sole determinant of crypto exchange security. As the pilot launch approaches, a multi-layered defense and risk control system integrating “technology, process, and personnel” will serve as the core pillar for TCEX and the broader Vietnamese crypto market toward long-term prosperity.