TLDR
- KuCoin partners with VBA and 1Matrix to advance blockchain infrastructure in Vietnam.
- The partnership aims to support Vietnam’s National Blockchain Strategy (2025-2030).
- KuCoin will bring advanced technology and best practices to the Vietnamese market.
- VBA will handle policy advocacy and community outreach, ensuring local engagement.
KuCoin is strengthening its presence in Vietnam with a new partnership, teaming up with the Vietnam Blockchain and Digital Assets Association (VBA) and 1Matrix. This collaboration will help accelerate blockchain development and boost digital economic growth in the region.
New Partnership to Strengthen Blockchain Ecosystem
Seychelles-based cryptocurrency exchange KuCoin has signed a Memorandum of Understanding (MoU) with the Vietnam Blockchain and Digital Assets Association (VBA) and 1Matrix Joint Stock Company.
The partnership is aimed at accelerating the development of blockchain technology and digital asset adoption in Vietnam, which is quickly becoming one of Southeast Asia’s most dynamic markets.
The three organizations have outlined several goals, including enhancing blockchain infrastructure, providing digital payment solutions, creating pilot trading platforms, and developing identity verification systems. This collaboration is in line with Vietnam’s National Blockchain Strategy (2025–2030), aiming to position the country as a blockchain hub in the region.
KuCoin’s Role and Commitment
Under the terms of the MoU, KuCoin will contribute its advanced blockchain technology and global best practices to help accelerate Vietnam’s blockchain development. The company plans to empower local innovations while maintaining top security standards, which will enable Vietnamese startups to thrive.
KuCoin’s Vice President, Damen Chen, expressed enthusiasm about the country’s potential, noting that Vietnam’s young, tech-savvy population is primed for blockchain innovation. “Our shared goal is to create a transparent, secure, and internationally competitive market, elevating Vietnam as a pivotal landmark on the global blockchain map,” said Chen.
Local Partners’ Contributions
1Matrix, a local technology company, will oversee the development of domestic infrastructure and resources, ensuring that the country’s blockchain ecosystem remains sustainable and effective.
The Vietnam Blockchain and Digital Assets Association (VBA) will handle policy advocacy, community outreach, and standardization efforts. VBA will work closely with KuCoin and 1Matrix to ensure that the partnership aligns with the country’s regulatory frameworks.
Together, the partnership aims to develop a transparent, secure, and inclusive blockchain ecosystem. This effort will provide Vietnamese startups with the tools and support they need to connect with global markets, boosting economic inclusion in the process.
Vietnam’s Evolving Blockchain Landscape
Vietnam’s blockchain landscape is rapidly evolving as the country moves from regulatory uncertainty to more formal oversight of the crypto sector. In June 2025, Vietnamese lawmakers passed the Law on Digital Technology Industry, which will take effect on January 1, 2026. The law recognizes cryptocurrencies and virtual assets, introduces anti-money laundering (AML) and know-your-customer (KYC) regulations, and sets licensing requirements for blockchain companies.
The law also includes sandbox frameworks, allowing for controlled testing environments for global exchanges like KuCoin. This regulatory clarity is expected to fuel the growth of the digital asset industry in Vietnam, making it an attractive destination for blockchain companies and innovators.
This latest partnership marks a significant milestone in KuCoin’s global expansion efforts. The exchange has seen rapid growth since its founding in 2017, serving over 40 million users across more than 200 regions. In addition to its success in Southeast Asia, KuCoin has also made strides in Europe, applying for a MiCAR license in Austria to comply with the EU’s new crypto regulatory framework.
KuCoin’s recent success in Thailand, where it launched a fully regulated exchange under the Thai SEC, is another example of the company’s commitment to expanding its reach across global markets. These efforts align with the company’s strategy to strengthen its presence in key markets and solidify its position as a global leader in digital asset services.
