KuCoin, a leading crypto exchange, has signed a memorandum with the Vietnam Blockchain and Digital Assets Association (VBA) and 1Matrix. The Seychelles-based company serving over 41 million users across more than 200 regions has partnered to develop its blockchain, digital asset applications, and Vietnam’s digital economy with this approach.
KuCoin to Set New Standard for Blockchain Development
The main goal of this partnership is to build local platforms where people can trade digital assets safely and easily. The three entities in this collaboration plan to create a blockchain-based payment system, which enables smoother and faster transactions.
According to the announcement, the initiative introduces actionable advancements, including pilot trading platforms, digital payment solutions, electronic identity systems, and international-standard risk management tools.
The initiative will also develop a safe digital ID system that can easily capture the real identification of the user. To implement this, they will set up tools to handle the risks while also ensuring that the transactions are safe and trustworthy.
How To Achieve This Goal?
The partnership brings together three groups to achieve high security, transparency, and compliance in the digital world. Each group brings its own expertise to create a new benchmark for localized blockchain development, directly supporting Vietnam’s National Blockchain Strategy 2025–2030.
- KuCoin provides expertise in technology and global experience. Its high standard of security drives adoption in tokenization and DeFi.
- 1 Matrix Joint Stock Company will oversee domestic infrastructure and resources.
- VBA will set up the blockchain systems and handle policies/ rules to ensure everything lies within Vietnam’s laws.
KuCoin Sets to Develop Vietnam’s Crypto Ambition
KuCoin explained that the partnership will not stop at infrastructure. Instead, it plans to encourage new applications of digital assets like trade, logistics, and finance across Vietnam’s economy. The collaboration aligns with the country’s ambition that perfectly balances innovation and regulation in crypto and blockchain.
Damen Chen, Vice President and Head of Group Commercial, highlighted the core nature of this partnership. He said, “Through this strategic partnership with VBA and 1Matrix, KuCoin is excited to co-develop blockchain technology and commit to long-term collaboration in building community trust, advancing digital asset education, and nurturing Vietnam’s blockchain startup ecosystem.
“Our shared goal is to create a transparent, secure, and internationally competitive market, elevating Vietnam as a pivotal landmark on the global blockchain map,” Chen added.
