Vietnamese broker VIX Securities establishes digital asset exchange company

A digital asset exchange company with a charter capital of VND1 trillion ($37.94 million) was officially established on Tuesday with VIX Securities JSC contributing 15%.

VIX Digital Asset Exchange JSC (VIXEX) is headquartered at 52 Le Dai Hanh street, Hai Ba Trung ward, Hanoi, with Nguyen Van Hieu being CEO and legal representative.

The company operates primarily in the fields of commercializing scientific research results, developing technology and innovation, technology transfer services, and investing in and operating technology incubators.

In addition to VIX Securities, two other founding shareholders are FTG Vietnam JSC, holding a 64.5% stake, and 3C Computer-Communication-Control JSC 20.5%.

Developing the digital market is a strategic move by the government. The National Assembly, the country's legislature, passed the Law on the Digital Technology Industry in mid-June, marking a historic milestone and a strategic advancement to gradually position Vietnam as a global digital technology hub.

Within this broader context, many leaders of securities firms have expressed a desire for a clear legal framework to support the development of the digital asset market and have shown readiness to participate. The establishment of VIXEX is considered a strategic move by VIX Securities to enter this high-potential sector.

Phan Duc Trung, chairman of the Vietnam Blockchain Association (VBA), revealed that Vietnam is expected to grant pilot licenses to about five digital asset exchanges, with the potential to connect with international platforms to ensure liquidity and competitiveness.

Some potential participants in the pilot phase include SSI Securities, Techcombank Securities, and Military Bank.

VIX Securities is listed on the Ho Chi Minh Stock Exchange (HoSE) as VIX, which closed Thursday at VND38,400 per share.

The Law on Digital Technology Industry will takes effect on January 1, 2026. One key feature of the law is the formal definition of tokenized digital assets, which are created, issued, stored, and transferred using cryptographic or other digital technologies.

Under the law, state agencies are tasked with managing digital assets to ensure cybersecurity, prevent money laundering, combat terrorist financing, and block the proliferation of weapons of mass destruction.