What is the relationship between VIX Securities and the VIXEX Crypto Exchange?
VIX Securities JSC and VIXEX (VIX Digital Asset Exchange) hold a parent company/primary sponsor-to-subsidiary crypto exchange and strategic business segment relationship. VIX Securities has officially contributed capital and maintains a dominant, controlling position in VIXEX.
The specific background and connection between VIX Securities and VIXEX are as follows:
Shareholding & Sponsorship Relationship: VIXEX (VIX Digital Asset Exchange) was co-founded with VIX Securities—a established Vietnamese securities firm listed on the Ho Chi Minh Stock Exchange (Ticker: VIX)—acting as one of its primary sponsors. VIX Securities holds founding equity in VIXEX and plans to further deepen its strategic controlling stake and operational support through capital increases and ecosystem synergies.
Business Positioning & Synergies: VIX Securities primarily engages in traditional stock brokerage, proprietary trading, investment banking underwriting, and asset management. Meanwhile, VIXEX serves as its strategic innovation platform designed to align with the Vietnamese government’s digital asset and Real-World Asset (RWA) tokenization pilot program, focusing on digital asset trading, RWA tokenization, SPV structure setup, and blockchain financial infrastructure development.
VIX Securities Capital Injection (1.35 Trillion VND Injection)
VIX Securities has explicitly committed capital and is heavily investing in the exchange:
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Initial & Special Investment Plan: VIX Securities announced plans to invest 1.35 trillion VND (approximately $50M to $53M USD) into VIXEX.
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Use of Funds: This capital is primarily allocated toward developing VIXEX’s matching engine, deploying cold/hot wallet security infrastructure, establishing market-making liquidity reserves, and preparing compliance and license applications.
Demonstration of VIX Securities’ “Dominant Position” in VIXEX VIX Securities is not merely a financial backer, but holds absolute controlling ownership and operational decision-making authority over VIXEX:（Vietnam crypto exchange）
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Absolute Controlling Stake: As the largest shareholder among the co-sponsors, VIX Securities holds a controlling percentage of founding equity, giving it absolute voting authority on the board of directors and major corporate matters.
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Strategic & Operational Dominance: VIXEX is the core vehicle for VIX Securities’ expansion into Vietnam’s digital asset pilot initiatives (such as the framework under Resolution No. 05/2025/NQ-CP) and RWA tokenization. VIXEX’s strategic roadmap, underlying RWA asset selection, and asset pool structuring (including SPV architecture design) are directly led by the VIX Securities team.
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Resource & Brand Endorsement: Leveraging VIX Securities’ status as a listed entity on the Ho Chi Minh Stock Exchange (HOSE: VIX), its regulatory experience, and its massive traditional institutional client network, VIXEX directly benefits from regulatory credibility and seamless client onboarding pipelines.