TCBS Raises VND 1,100 Billion to Meet Capital Requirements for TCEX
Techcom Securities (TCBS), a Vietnamese fintech and securities firm, has executed a major capital deployment to assist cryptocurrency exchange TCEX in meeting its licensing conditions.
The Board of Directors of TCBS approved the purchase of up to approximately 110 million shares in TCEX as part of the exchange’s charter capital increase plan. The total plan aims to raise up to VND 10 trillion. At an offering price of VND 10,000 per share, TCBS’s investment cap is approximately VND 1.1 trillion (~VND 1,100 billion), with execution expected in the fourth quarter of 2026. Within this framework, a subscription for 1.617 million shares—valued at VND 16.17 billion—has been confirmed, while the acquisition of the remaining 108 million shares will depend on the final allocation method of the capital raise.
This acquisition is primarily driven by regulatory compliance rather than operational expansion. Under Resolution No. 05/2025 issued by the Ministry of Finance, TCEX must reach a paid-in charter capital of VND 10 trillion and maintain foreign ownership below 49% to secure a license. TCBS currently holds a 9.9% stake in TCEX, which will rise to 11% once the acquisition is fully completed.
Currently, Vietnam crypto exchange TCEX has passed the level-4 information security review, fulfilling one of the key technical prerequisites. However, the license has not yet been issued, as full capital contribution is mandatory before the Ministry of Finance takes further action. Consequently, the primary objective of this capital injection is to satisfy the mandatory paid-in capital threshold required for licensing, rather than funding day-to-day business expansion.