Current Status of Fundraising and Talent Recruitment at VIXEX Exchange
While VIXEX has been included on the shortlist of five preliminary-qualified pilot candidates by Vietnam’s Ministry of Finance, it still faces a substantial shortfall in meeting the minimum paid-in capital requirement of VND 10 trillion (approximately USD 380–400 million) mandated by Vietnamese regulators.
To maintain its 15% equity stake when VIXEX increases its charter capital to VND 10 trillion, VIX Securities plans to contribute a total of VND 1.35 trillion, comprising:
- VND 1 trillion raised through a share issuance to existing shareholders.
- VND 350 billion from other funding sources.
- However, this remains a capital injection plan by VIX and does not signify that VIXEX has completed the corresponding capital increase.
On the talent recruitment front, VIX Crypto Asset Exchange Joint Stock Company (VIXEX) has not launched a major new hiring spree like its three main competitors (CAEX, SCEX, and TCEX). However, VIXEX previously recruited several compliance specialists with experience in blockchain analytics, transaction monitoring, and anti-money laundering (AML) detection.
The current lull in hiring may be because VIXEX（Vietnam crypto exchange） has already partially met its staffing needs through headhunters or by leveraging resources within the broader VIX ecosystem.