- Vietnam partners with KuCoin to advance blockchain adoption under its national strategy.
- KuCoin, VBA, and 1Matrix drive digital inclusion with secure blockchain solutions.
- Collaboration aims to integrate blockchain into Vietnam’s economy and governance.
Vietnam is positioning itself as a key player in the blockchain and digital assets space with its latest strategic partnership. KuCoin, a global cryptocurrency exchange, has signed a Memorandum of Understanding (MoU) with the Vietnam Blockchain and Digital Assets Association (VBA) and 1Matrix Joint Stock Company (1Matrix). This agreement highlights Vietnam’s commitment to integrating blockchain technology into its national development framework. By aligning with the government’s 2025-2030 National Blockchain Strategy, the partnership signals the nation’s ambition to move beyond adoption and become a global leader in blockchain governance.
KuCoin’s Role in Vietnam’s Blockchain Infrastructure
KuCoin, recognized for its advanced technology, will lead the effort to bring cutting-edge blockchain infrastructure to Vietnam. The company will provide tailored solutions designed to meet the specific needs of the Vietnamese market. Such solutions are blockchain applications, digital payment systems, and powerful risk management tools, which are paramount to the digital economy of the country. KuCoin will also launch pilot trading systems and international-compliant electronic identity systems through this cooperation to make blockchain adoption faster.
The company’s interests also align with Vietnam’s efforts to establish a secure and transparent digital economy. This involves ensuring high levels of security, real-time reporting of data, and independent audits, which are paramount to building trust in the digital financial systems.
VBA and 1Matrix: Shaping Vietnam’s Blockchain Future
Vietnam’s first government-level blockchain social-professional organization was established by the Ministry of Home Affairs in 2022 under the name of VBA. The VBA will play a critical role in ensuring that blockchain applications align with regulatory requirements, as it is concentrated on research, standardization, and policy advocacy. It will also lead community outreach efforts and facilitate the adoption of blockchain technology across various domains, including government, finance, and supply chains.
Simultaneously, 1Matrix, one of the first providers of blockchain infrastructure in Vietnam, will offer local experience and capabilities to implement blockchain solutions. The company will manage the implementation of the Vietnam Blockchain Multi-Chain Service Network (VBSN), which allows blockchain development in a short period. This is an effort by VBA and 1Matrix to strengthen Vietnam’s presence on the global blockchain map and enhance international integration.
The collaboration will focus on both the policy and technical sides of blockchain adoption. As the nation prepares to implement its digital technology law, expected to be enacted in 2026, the partnership between KuCoin, VBA, and 1Matrix will further propel Vietnam towards becoming a blockchain hub in Southeast Asia.
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Building a Sustainable and Inclusive Digital Economy
The strategic alliance focuses on building a cyber financial ecosystem, which is transparent, secure, and sustainable. The project can assist people and businesses to enter the digital economy by providing convenient digital payment systems and spreading the idea of tokenization.
The partnership will also contribute to the creation of a more inclusive financial ecosystem, in addition to economic growth. By linking digital identity systems with blockchain, more people outside traditional finance will gain access to essential services. Such emphasis on inclusion is in line with the overall development agenda of Vietnam.
The focus on building scalable and future-proof solutions is what defines the ambition of Vietnam to become a digital economy leader in Southeast Asia. The partnership will also attempt to use blockchain technology to enhance governance systems, increase transparency, and enhance economic resilience.
The vision of the National Blockchain Strategy (2025-2030) is for Vietnam to become a global leader in blockchain technology by integrating it across all industries. One of the steps to achieve this vision is the MoU between KuCoin, VBA, and 1Matrix, which is dedicated to the development of digital applications and blockchain infrastructure. Another fundamental element of the Vietnam strategy is to create a transparent regulatory environment that may facilitate the spread of blockchain technologies.
