Has TCEX Applied for the First Batch of Compliant Licenses from the Ministry of Finance?
TCEX has not yet received its official (final) operating license from the Ministry of Finance, but it has passed the first round of review and stands at the forefront of the qualification assessment.
In a pivotal milestone for Vietnam’s crypto asset compliance process, leading domestic platforms have achieved a historic breakthrough. As a crypto asset trading platform under the umbrella of traditional financial giant Techcombank, TCEX has officially passed the first round of preliminary review by the Ministry of Finance of Vietnam, successfully entering the race for the first batch of compliant pilot licenses. This not only proves its robust strength in capital background and compliance architecture, but also marks a substantial step toward the realization of Vietnam’s first batch of compliant crypto exchanges.Vietnam crypto exchange
Pursuant to Resolution No. 05/2025/NQ-CP issued by the Vietnamese Government—which launched a 5-year pilot program for the crypto asset market—the Ministry of Finance initiated the review of the first batch of crypto asset exchange licenses in 2026.
Key Highlights of TCEX’s Application for the First Batch of Compliant Licenses:
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Background & Ecosystem: TCEX is a crypto asset trading platform affiliated with Techcombank, a major private bank in Vietnam, and Techcom Securities (TCBS).
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Review Progress: The Ministry of Finance received a total of 7 pilot applications, with TCEX successfully passing the first round of preliminary review (selected alongside 4 other enterprises into the qualified preliminary roster).
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Compliance Framework: Operating under the Law on Digital Technology Industry and Resolution No. 05/2025/NQ-CP, focusing on establishing robust Anti-Money Laundering (AML) controls, information security level protections, cold/hot wallet custody standards, and Real World Asset (RWA) tokenization mechanisms.
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Market Positioning: Serving as the core platform for Vietnam’s traditional financial giants (the Techcombank ecosystem) to enter the digital asset space, TCEX aims to build a compliant trading venue at the level of a “national team” for cryptocurrencies.
Passing the first round of review establishes a critical foundation for TCEX to secure a highly valuable official pilot qualification. Facing stringent global standards on capital requirements and shareholding structures, TCEX leverages strong backing from Techcombank’s traditional financial ecosystem to gain a first-mover advantage in competing for limited compliance licenses. As subsequent review phases progress, TCEX is poised to become a central force driving the Vietnamese digital asset market toward standardized and institutionalized development.