Full Process of the Establishment of VIXEX Crypto Exchange
The establishment of VIX Crypto Asset Exchange Joint Stock Company (VIXEX) represents a key milestone for Vietnamese financial institutions actively seizing opportunities in the cryptocurrency and Real World Asset (RWA) tokenization market, against the backdrop of the government pushing forward digital asset legalization and regulatory pilot programs.
Background and Policy Drivers
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Policy Dividends (Resolution No. 05/2025/NQ-CP): The Vietnamese government issued Resolution No. 05/2025/NQ-CP, officially launching a digital asset pilot framework that allows Ministry of Finance-approved domestic service providers to operate compliantly.
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Market Potential: Vietnam boasts over 17 million cryptocurrency users, with annual trading volume exceeding $100 billion. Traditional brokerages and financial institutions (such as VIX Securities, TCEX under Techcombank, and CAEX under VPBank) are racing to establish compliant domestic exchanges.
Key Milestones in the Establishment of VIXEX
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Mid-2025 | Policy Tailwinds and Strategic Planning As the progress of Vietnam’s crypto asset pilot resolution accelerated, VIX Securities planned its entry into the digital asset and tokenized asset markets, formulating a setup plan for a dedicated exchange.
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August 27, 2025 | Official Corporate Registration According to the National Business Registration Portal, VIX Crypto Asset Exchange Joint Stock Company (VIXEX) was officially established. The initial charter capital reached VND 1,000,000,000,000 (1 trillion VND, equivalent to over $39 million USD).
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Second Half of 2025 | Capital Injection and Infrastructure Building VIX Securities injected substantial capital into VIXEX to focus on technological innovation, information system security upgrades (such as high-security cold and hot wallet custody models), and the development of Real World Asset (RWA) tokenization and oracle integration architectures.
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September 2025 – 2026 | Pilot Operations and Regulatory Alignment In alignment with the implementation of Resolution No. 05/2025/NQ-CP, Vietnam crypto exchange VIXEX enhanced its KYC/AML compliance and asset custody frameworks to meet the regulatory requirements of the State Bank of Vietnam and the Ministry of Finance, benchmarking against international exchange standards.
Core Business and Technical Architecture
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Business Positioning: Primarily focused on technology and innovation, offering spot and derivative digital asset trading while utilizing Special Purpose Vehicle (SPV) legal structures to advance fractional ownership services for Real World Asset (RWA) tokenization.
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Custody and Security: Adopts high-level information system security standards and establishes a multi-signature cold and hot wallet custody system, meeting the strict review requirements of Vietnamese financial regulators for domestic crypto service providers.