Techcom Securities files application to trade digital assets, eyes launch of digital gold platform

Techcom Securities (TCBS) has submitted an application to regulators seeking approval to operate in digital assets and is preparing to roll out a digital gold business in cooperation with Techcombank once permission is granted.

Nguyen Xuan Minh, chairman of TCBS, made the remarks at an analyst and institutional investor briefing held alongside Techcombank’s 2025 earnings presentation on Thursday.

Minh said TCBS has filed documents to obtain a licence to trade cryptocurrencies and other digital assets, with approval potentially coming within about three months, depending on regulatory progress.

“Basically, TCBS has completed preparations for this business line,” Minh said. “The company has built the technology platform, operating systems, and all necessary procedures. Once licensed, we can roll out operations almost immediately.”

Earlier, in May, Techcom Digital Asset Exchange JSC (TCEX) had been established with initial charter capital of VND3 billion ($114,180) and headquarters at Techcombank Tower in Hanoi.

Minh holds an 89% stake in TCEX and serves as its CEO and legal representative. TCBS owns 9.9%, while Techcom Capital Management holds the remaining 1.1%.

On gold trading, TCBS executives said current regulations allow banks and securities firms to engage in physical gold trading. On that basis, Techcombank and TCBS have been working closely to prepare for the business.

“If licensed, we expect to launch the TCB Physical Gold platform, offering physical gold products, possibly as early as next month,” Minh said. “After that, we will continue to work with regulators to study and develop digital gold products as well as other digital assets.”

Minh noted that Vietnam does not yet have a comprehensive legal framework covering all activities related to digital gold and digital assets. However, he said the company expects regulations for digital gold products and derivatives to gradually take shape, possibly by the end of 2026.

In terms of financial impact, Minh said the new businesses are unlikely to make a meaningful contribution to TCBS’s earnings in the short term, over the next one to two years.

Over the longer term, however, expanding into new asset classes and products would help TCBS build a more comprehensive and diversified product portfolio, better meeting increasingly varied customer demand and supporting its ambition to become a full-service financial products and services provider, he said.