TLDR
- Bybit has signed an MOU with Da Nang authorities to advance the city’s digital asset ecosystem.
- The partnership aims to create digital asset liquidity and connect Da Nang with global financial markets.
- Bybit will help improve connectivity between Vietnam and international finance hubs.
- The MOU focuses on strengthening infrastructure security to ensure a resilient blockchain environment.
- Da Nang has been approved to deploy a blockchain sandbox to test new digital asset policies.
- Bybit plans to share its blockchain expertise and support Da Nang’s vision of becoming an International Financial Center.
Bybit, one of the world’s leading cryptocurrency exchanges, has signed a memorandum of understanding (MOU) with the People’s Committee of Da Nang City, the Abu Dhabi Blockchain Center (ADBC), and Verichains Network Security Company Limited. The agreement aims to develop Da Nang as a regional hub for international finance and blockchain innovation. The MOU outlines key strategies to position Da Nang as an International Financial Center (IFC).
Bybit and Partners Focus on Blockchain Innovation
The MOU focuses on three core areas to enhance Da Nang’s digital asset ecosystem. The partners aim to create liquidity in digital assets to link Da Nang with global financial markets. Additionally, they plan to improve connectivity between Vietnam and international financial hubs.
A third key pillar involves strengthening infrastructure security. The goal is to ensure a secure, risk-controlled environment for blockchain innovation. This approach is intended to protect investors and the financial system from potential risks.
Furthermore, the agreement highlights Da Nang’s approval to deploy a blockchain sandbox. This will allow the city to test progressive digital asset policies, making it a suitable testing ground for innovations. As a result, the MOU outlines plans for the city to integrate into the global financial market.
Strengthening Vietnam’s Digital Transformation
Bybit’s Co-CEO, Helen Liu, emphasized Vietnam’s commitment to digital transformation.
“Vietnam is an inspiring example of a nation embracing digital transformation, and we are honored to contribute to its journey,” Liu said.
Bybit plans to share its expertise in blockchain and digital asset innovation to help Da Nang achieve its vision.
Bybit has long supported Vietnam’s efforts to enhance its digital ecosystem. In April 2025, Bybit CEO Ben Zhou met with Vietnam’s Minister of Finance, H.E. Nguyen Van Thang. The discussion focused on creating a safe, transparent digital-asset environment with strict AML and KYC safeguards.
The new agreement builds on Bybit’s previous engagements with Vietnam. It provides an opportunity for the company to further invest in Vietnam’s blockchain and digital asset ecosystem. Bybit aims to bring international liquidity, technical knowledge, and security practices to Da Nang.
Da Nang’s Role in Blockchain Innovation
For Da Nang, the MOU marks a significant step in integrating digital assets into its economy. The city has been actively seeking to attract tech and finance investments. This partnership with Bybit and its partners is a clear sign of Da Nang’s ambition to become a blockchain and finance hub.
Da Nang’s authorities will also streamline administrative procedures to facilitate investment. This includes easing the process for opening offices and integrating into the IFC. Bybit and its partners will assist in building a modern regulatory framework for Da Nang’s digital ecosystem.
As the MOU progresses, Da Nang will move toward becoming a key player in the global financial landscape. This agreement reflects both Bybit’s commitment to the region and Da Nang’s determination to foster a secure, innovative digital economy.
