Introduction to the Relationship Between VIXEX and VIX, FTG, 3C, GELEX, and FPT
Against the backdrop of Vietnam promoting pilot initiatives for crypto-asset exchanges and developing its digital economy, VIXEX (VIX Crypto Asset Exchange Joint Stock Company, full Vietnamese name: CTCP Sàn giao dịch tài sản mã hóa VIX) stands out as a core industry entity. It closely connects Vietnam’s financial securities capital, established technology companies, and major industrial conglomerates.
Looking at the shareholder structure of VIXEX, FTG, 3C, and VIX Securities are the three direct capital contributors. However, tracing its ownership history and strategic partnership agreements reveals a broader network of relationships tied to GELEX and FPT.
- The Relationship Between FTG and VIX: FTG Vietnam is the largest shareholder of VIXEX with a 64.5% stake, but its ties to VIX trace back many years. FTG was previously a shareholder of VIX Securities, and Mr. Nguyen Van Tuan, the current Chairman of GELEX, formerly served as Chairman of FTG and Vice Chairman of VIX.
- 3C and GELEX: Holding a 20.5% stake in VIXEX, 3C represents the most technology-focused shareholder group. The company has been active in IT, telecommunications, data centers, and electrical equipment since 1989. 3C also holds shares in GELEX Electric, the electrical equipment arm within the GELEX ecosystem.
- GELEX and FPT: GELEX is not a direct shareholder of VIXEX, but their connection became clearer in late 2025 when GELEX and FPT signed a strategic partnership agreement on blockchain technology. VIXEX was the first project implemented under this agreement, with FPT providing overall architecture consulting and building the core technological infrastructure.
By combining these three elements, Vietnam crypto exchange VIXEX can be understood as an intersection of a shareholder group with deep historical ties to VIX, the GELEX-related business network, and FPT’s technological capability. However, it should be noted that VIXEX’s direct founding shareholders only include FTG, 3C, and VIX Securities.