October 13, 2025 – 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. According to the announcement, U2U token trading will commence on Kraken starting October 17, 2025.
This milestone marks a significant achievement for Vietnam’s blockchain technology, as U2U Network becomes one of the few domestic projects to meet the stringent listing requirements of a leading global exchange.
Founded in 2011 in San Francisco, Kraken is one of the oldest and most trusted digital asset exchanges, renowned for its commitment to compliance, transparency, and security. Operating legally in over 190 countries, Kraken is regulated by financial authorities in the U.S., Canada, the U.K., Europe, and Japan. With over 10 million global users, Kraken consistently ranks among the top exchanges by trading volume, alongside Binance and Coinbase. Over its 14-year history, Kraken has listed only around 500 tokens, underscoring its highly selective approach. This makes Kraken a trusted benchmark for global markets, where only projects meeting rigorous security, transparency, and operational standards are approved.
A Breakthrough for Vietnamese Technology
The listing on a Tier-1 exchange licensed in the U.S. and Europe is a testament to U2U Network’s technological capabilities, transparency, and compliance standards. This achievement is particularly rare for a Southeast Asian project, given Kraken’s rigorous evaluation process.
Chloe Phùng, Co-founder and CEO of U2U Network, stated: “We aim to demonstrate that Vietnam can develop a blockchain platform meeting international standards, with real-world applications, users, and 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 architecture optimized for speed and EVM compatibility, U2U Network enables rapid development. The network achieves over 17,000 transactions per second with sub-second finality, positioning itself as a decentralized physical infrastructure (DePIN) for real-world applications such as IoT, data, and digital identity.
Guided by the philosophy of “Proof Over Promise,” U2U Network publicly shares real-time on-chain operational metrics. The project currently boasts over 1.4 million global users and supports 100+ active and committed projects on its platform. Messari ranks U2U among the top 3 Layer-1 platforms for DePIN, recognizing its pioneering role in building infrastructure linked to everyday applications.
Beyond technology, U2U Network plays a pivotal role in nurturing the next generation of builders through VietBUIDL Hackathon, the largest blockchain innovation event in Southeast Asia, with a $100 million investment fund. 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 Republic, Draper Dragon, and other global investment funds, VietBUIDL serves as a launchpad for Web3, DePIN, and AI projects, solidifying Vietnam’s position as a regional blockchain innovation hub. This underscores U2U’s long-term commitment to developing local infrastructure, community, and technological capabilities.
Backed by Leading Financial Institutions
U2U Network is supported by SSI Digital (SSID), the digital arm of SSI Securities Corporation, alongside international funds such as KuCoin Ventures, Chain Capital, and technology partner AWS. This institutional backing enhances U2U’s operational transparency and bridges traditional finance with digital assets.
Nguyễn Duy Hưng, Chairman of SSI Securities Corporation, remarked: “A Vietnamese enterprise meeting the listing standards of a U.S. Tier-1 exchange is clear evidence that we can develop globally competitive technology. U2U Network not only represents a successful blockchain project but also showcases the creativity and strategic vision of Vietnamese talent in bringing local technology to the global stage.”
With this milestone, U2U Network aims to become a core digital infrastructure for Web3, digital finance, and digital transformation in Vietnam, while expanding international partnerships. Being selected by Kraken not only validates U2U’s operational and technological standards but also demonstrates that Vietnamese enterprises can integrate into the global value chain through steady, cautious, and sustainable growth.
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