The Crypto Asset Giant: VIX Securities Forges Ahead

The investment in VIXEX marks a significant step for the VIX group, as it ventures into the newly legalized digital asset space in Vietnam. This move underscores the group's forward-thinking approach and its recognition of the immense potential within this burgeoning industry.

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Introduction of VIXEX: A New Digital Asset Exchange Platform in Vietnam

On August 26th, the Joint Stock Company of VIX Crypto Asset Exchange (VIXEX) was established with a charter capital of 1,000 billion VND. VIXEX is headquartered at 52 Le Dai Hanh, Hai Ba Trung District, Hanoi, Vietnam.

The founding shareholders include VIX Securities Joint Stock Company contributing 15%, FTG Vietnam Joint Stock Company with 64.5%, and Computer-Media-Control 3C Joint Stock Company with a stake of 20.5%. The legal representative of VIXEX is Mr. Nguyen Van Hieu, who also serves as the company’s CEO.

VIXEX’s headquarters in Hanoi, Vietnam

FTG Vietnam was previously a shareholder in VIX but divested its holdings in 2022.

The establishment of VIXEX highlights the VIX group’s presence and interest in Vietnam’s burgeoning digital asset industry. The National Assembly officially passed the Law on Digital Technology Industry in its 9th session in mid-June. The implementation of the International Financial Center is a significant step towards establishing a digital asset market in Vietnam.

At a recent event on crypto assets, Mr. Phan Duc Trung, Chairman of the Vietnam Blockchain and Digital Asset Association (VBA), revealed that Vietnam plans to pilot the licensing of approximately five digital asset exchange platforms. These platforms are expected to be capable of connecting with international exchanges to ensure liquidity and competitiveness.

Leading domestic organizations such as SSID, TCBS, MB, and OneMout have been proactively preparing to capitalize on the emerging trends in Vietnam’s digital asset market.

Vietnam’s digital asset industry is poised for growth

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