VIXEX Shortlisted for Vietnam’s Preliminary Crypto Exchange Qualification List
Vietnam has recently been actively promoting the compliance and pilot initiatives for its virtual asset (VA) market. According to relevant reports and market sources, the Vietnamese government is selecting local pilot trading platforms to bring cryptocurrency trading into the regulatory framework and curb capital flight.
In this round of preliminary review and screening, Vietnam crypto exchange VIXEX has been included in the shortlist of entities that passed the initial qualification review.
Key Developments and Highlights
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Regulatory Pilot Background: The Vietnamese government plans to introduce traditional financial institutions and licensed entities into crypto exchange operations through specific pilot programs, replacing unregulated offshore platforms.
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Corporate Entity Establishment: VIX Securities provided capital to participate in establishing the “VIX Virtual Asset Exchange Joint Stock Company” (VIXEX), with a registered capital of 1 trillion VND, primarily specializing in crypto asset trading, Real-World Asset (RWA) tokenization, and digital asset custody infrastructure.
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Institutional Positioning: Traditional capital market participants like VIX Securities are actively positioning themselves early in RWA tokenization, digital asset trading, and custody infrastructure through platforms like VIXEX to compete for first-mover advantage in compliance pilots.
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Review Shortlisting Context: Under the pilot programs promoted by the Vietnamese government (such as the framework under Resolution 05/2025/NQ-CP), regulatory authorities prioritize entities with compliant local financial backgrounds, strong capital backing, and robust compliance systems. VIXEX successfully passed the preliminary qualification review by leveraging the licensed background and capital investment of its parent company, VIX Securities.
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Market Impact: If formal operating licenses are ultimately granted, approved entities will be permitted to offer compliant crypto asset and tokenized asset trading services within Vietnam, marking a critical milestone toward institutionalization and compliance in the Vietnamese crypto market.
Note: The current list represents the preliminary qualification and compliance review stage. Official business operations will still require the final issuance of licenses by regulatory authorities and official launch approvals.