U2U Network’s Token Listed on Kraken
U2U Network, a Layer-1 blockchain platform developed by a team of Vietnamese engineers, has officially been listed on Kraken—a Tier-1 digital asset exchange based in the United States. Trading of the U2U token is set to commence on October 17, 2025.
The project has met Kraken’s stringent criteria for technical excellence, transparency, and compliance, making it one of the few Southeast Asian representatives to pass the exchange’s rigorous vetting process.
Chloe Phùng, Co-founder and CEO of U2U Network, stated: “We aim to demonstrate that Vietnam can create a blockchain platform that meets international standards, with real applications, real users, and real value. Being listed on Kraken is a significant milestone, and more importantly, it validates our cautious, sustainable, and transparent approach to entering the U.S. market.”
Built on a DAG structure optimized for speed and EVM compatibility, U2U Network enables rapid deployment for developers. The network achieves over 17,000 transactions per second with sub-second finality, positioning itself as a decentralized physical infrastructure (DePIN) solution for real-world needs such as IoT, data, and digital identity.
U2U Network publicly shares its real-time on-chain operational metrics. The project currently boasts over 1.4 million global users and more than 100 committed projects building on its platform. Messari ranks U2U among the top 3 Layer-1 platforms for DePIN.
U2U Network aims to become the core digital infrastructure for Web3 applications, digital finance, and digital transformation in Vietnam, while also expanding its international partnerships.
Backed by Leading Financial Institutions
U2U Network is supported by SSI Digital (SSID)—a subsidiary of SSI Securities Corporation—along with international funds such as KuCoin Ventures, Chain Capital, and technology partner AWS.
Nguyễn Duy Hưng, Chairman of SSI Securities Corporation, remarked: “A Vietnamese company achieving a Tier-1 U.S. exchange listing is clear proof that we can develop globally competitive technology.”
Beyond technological advancements, U2U Network is actively involved in the VietBUIDL Hackathon—an event fostering a development and testing environment for Web3, DePIN, and AI projects. With an investment fund of approximately 100 billion VND, the program is one of the largest in Southeast Asia in recent times.
Co-organized by U2U Network and SSID, the event attracted over 300 young developer teams from domestic and international tech organizations, with a record number of MVP projects. Supported by AWS and mentors from the Innovation Center, Republic, Draper Dragon, and other international investment funds, the hackathon underscores U2U’s commitment to innovation.
Kraken, founded in 2011 in San Francisco, is renowned for its compliance, transparency, and security. Operating legally in over 190 countries and regulated by financial authorities in the U.S., Canada, UK, Europe, and Japan, Kraken serves over 10 million global users. Consistently ranked among the world’s top exchanges by trading volume, Kraken is often grouped with Binance and Coinbase.
Over its 14-year history, Kraken has listed only about 500 tokens, highlighting its rigorous selection process for projects.
