What Policy Dividends and Fiat Advantages Does TCEX’s Shareholder Background Bring?
Under the regulatory framework of Vietnam’s cryptocurrency pilot legislation (such as Resolution No. 05/2025/NQ-CP and other compliance structures), Vietnam crypto exchange TCEX brings significant advantages across three major dimensions—regulatory/administrative support, financial infrastructure integration, and fiat gateway security—by bringing on board major local financial institutions, state-owned/semi-state-owned capital, or leading tech giants as core shareholders:
I. Policy Dividends: From Compliance Admission to Ecosystem Privileges
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Licensing Qualifications and Fast-Track Review Process
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Meeting High-Barrier Capital Structure Requirements: Vietnam’s compliance pilot policy sets exceptionally high standards for capital and institutional shareholder ownership ratios (e.g., institutional shareholding must reach 65%+ and include local banks, securities firms, or top tech companies). A strong shareholder background not only directly satisfies these capital compliance baselines but also provides stronger official credit endorsement when applying for the initial batch of pilot licenses (sandbox mechanism).
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Policy Favorability and Early Pilot Access: Shareholders with formidable backgrounds (such as major domestic financial groups) typically participate deeply in formulating regulatory sandbox standards. This grants the exchange prioritized rights to pilot new financial products (such as Real World Asset tokenization [RWA], tokenized government bonds, and tokenized equities).
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Regulatory Communication and Compliance Risk Prevention
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Compliance and AML/CFT Buffer: Having domestic banking and securities shareholders allows the exchange’s compliance and risk management architecture to interface directly with the standards of the national Financial Intelligence Unit (FIU), drastically reducing administrative risks such as operational shutdowns or suspensions by local regulatory authorities.
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II. Fiat Advantages: Direct Domestic Capital Access and Efficient On/Off-Ramping
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Direct Banking API Integration and Clearing Networks
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Seamless Connection with NAPAS and Major Commercial Banks: Leveraging underlying partnerships with banking shareholders, TCEX can directly integrate into the API systems of Vietnam’s national payment clearing system (such as NAPAS) and major commercial banks (e.g., Vietcombank, Techcombank).
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Instant On/Off-Ramping Experience: Users can execute instant deposits and withdrawals in Vietnamese Dong (VND) via regular bank transfers or VietQR codes, eliminating reliance on high-risk P2P matching or third-party intermediary channels.
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Fund Security and Fiat Liquidity Assurance
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Segregated Custody Accounts: Fiat funds are held in dedicated custody accounts at licensed commercial banks affiliated with or deeply integrated with shareholders. This ensures absolute segregation between user funds and platform operational capital, eliminating risks of rug pulls or fund misappropriation at the source.
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Transaction Limits and Compliant Settlement: Within the compliance framework, large-value fiat deposits and withdrawals are far less likely to trigger bank risk control freezes (such as card/account freezes), providing a legal and compliant settlement channel for institutional investors.
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III. Market Trust and Ecosystem Synergy
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Transfer of User Trust: Endorsements from traditional financial institutions significantly lower psychological barriers for retail and institutional investors entering the crypto market, attracting substantial traditional High-Net-Worth Individual (HNWI) and institutional capital into the platform.
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Business Synergy: Cross-channel traffic can be routed seamlessly from shareholders’ existing securities accounts and mobile banking apps, smoothly funneling traditional stock and fund investors into the crypto asset trading sector.