Why Blockchain is the Focus of International Financial Centers
Every major financial hub in the world is associated with an infrastructure revolution. New York thrived with the stock market, London asserted its dominance through banking power, while Singapore and Hong Kong established their positions by embracing open policies and global financial services. In the digital age, blockchain is emerging as the new foundation that can redefine how markets operate.
A 2025 report by the Bank for International Settlements (BIS) emphasizes that asset tokenization will be the key to the next generation of financial markets, enabling currencies, securities, and digital assets to be custodied, traded, and capital allocated on a single system. Sharing a similar view, Mastercard predicts that blockchain is moving from the periphery to the core, becoming a critical infrastructure for banking, investment funds, and global financial services.
From the perspective of domestic enterprises, Ms. Nguyen Ngoc Anh, CEO of SSI Asset Management Company Limited (SSIAM), believes that blockchain has become an official component of the modern financial system. Singapore and Switzerland have introduced transparent legal frameworks to attract institutional capital, while the US and Europe are tightening regulations while still allowing room for innovation. This indicates that blockchain is not just a technological trend but an integral part of today’s financial markets.
In Vietnam, the potential is even more prominent as the country ranks second in the world in terms of digital asset ownership, with approximately 20 million users and an estimated annual cash flow of USD 120 billion. According to Mr. Pham Luu Hung, Chief Economist and Director of the Analysis Center of SSI Securities Corporation, blockchain, along with fintech and AI, are the keys to Vietnam narrowing the gap with international financial centers.
He emphasizes that upgrading the payment system and financial management with fintech, artificial intelligence, and blockchain will help Vietnam integrate faster with global standards.
Da Nang’s Efforts in Building an International Financial Center
This broader context explains why Da Nang has chosen blockchain as one of its focal points in its journey to become an international financial center. The city has already positioned itself as a smart city and a hub for innovation in Central Vietnam, and now it continues to assert its ambition for integration by placing blockchain at the heart of its development strategy.
On August 29, 2025, Vietnam Blockchain Day 2025 will take place at the Da Nang Administrative Center. The event is organized by the Da Nang People’s Committee in collaboration with central ministries, sectors, and SSI Digital, a member of SSI Securities Corporation’s ecosystem. It is one of the most important forums on blockchain in Vietnam, bringing together government agencies, technology enterprises, financial institutions, and the investment community. Vietnam Blockchain Day 2025 is positioned not only as a gathering for the blockchain community but also as a strategic forum on public-private collaboration in the era of digital assets.
The entire event revolves around a central theme: how to make blockchain the operating foundation for the future international financial center. The topics are arranged in a coherent sequence: a transparent legal framework to ensure market confidence, an open blockchain infrastructure as a technical foundation, applications in smart city management, the formation of a tokenized market, the role of exchanges, and finally, audit standards to establish transparency and safety.
All discussion topics are interconnected, reflecting a strategic vision: transforming blockchain from a promising technology into the infrastructure of the modern financial system. The event’s prestige is enhanced by the participation of international organizations such as FTSE Russell, VanEck, and Tether.
Parallel to the sharing and dialogue sessions, Vietnam Blockchain Day 2025 also showcases Da Nang’s preparations in building an international financial center. Along with the implementation of the sandbox mechanism and a refined legal framework, the city’s development of technology infrastructure and human resources is supported by leading enterprises.
SSI, through its digital arm SSID and its strategic partnership with U2U Network – a Layer-1 blockchain infrastructure ranked Top 3 globally for DePIN developed by Vietnamese engineers – plays a pivotal role in fostering convergence between technology, finance, and people.
This message is materialized through memorandums of understanding that SSI plans to sign at Vietnam Blockchain Day 2025 with the Da Nang People’s Committee. As a domestic partner, SSI will strengthen the city’s connections with international partners, from institutional refinement and infrastructure development to resource linkage (capital, human resources, products, etc.).
Thus, this collaboration goes beyond singular aspects like technology, international connections, or capital but stands as a testament to the comprehensive public-private partnership model. When the state formulates policies, localities demonstrate their aspirations, and enterprises provide technological solutions and international connectivity, a new ecosystem of transparent and integrated digital finance can emerge. And within this ecosystem, blockchain serves as the core infrastructure.
The presence of international organizations and the participation of pioneering enterprises like SSI, SSID, and U2U will be the driving force for Da Nang to realize its ambition of building an international financial center in the near future.
With policy-shaping themes for the future of blockchain and digital assets, Vietnam Blockchain Day 2025 will be a platform for local governments, central agencies, and private enterprises to converge, shape a shared vision, share responsibilities, and define the future of blockchain application development, fostering the digital asset market.
At the event, SSI and its ecosystem members are expected to sign memorandums of understanding (MOUs) with Da Nang and two prominent international partners, FTSE and Vaneck, ushering in the prospect of “mainstreaming” the digital asset market in Vietnam. This will open the door to global capital allocation, connecting the Vietnamese market with significant institutional capital, enhancing market reliability and liquidity.
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