BDACS, a South Korean digital asset custodian, and IDGX, a Vietnamese investment firm, have signed an MOU to establish a joint venture in Vietnam. The partnership aims to develop compliant digital asset trading and custody infrastructure, leveraging Vietnam's regulatory framework to position the country as a digital asset hub in Southeast Asia. The JV will operate under Vietnam's regulatory sandbox program, focusing on trading and custody services, compliance frameworks, and integration with the Digital Asset Trading system. The collaboration aligns with Vietnam's national goals to establish international financial centers and pilot digital asset projects. Recent regulatory changes, including a licensing roadmap and a five-year pilot for regulated trading, support this initiative. The JV is expected to attract foreign investment and generate significant tax revenue, capitalizing on Vietnam's growing digital asset market, which has seen over 17 million citizens engaging in cryptocurrency activities.
BDACS and IDGX Form Joint Venture to Boost Vietnam's Digital Asset Infrastructure
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