- KuCoin has signed a strategic MoU with VBA and 1Matrix.
- The MoU will enhance the development of blockchain infrastructure in Vietnam.
- Each of the partners will play a specific role in developing Vietnam’s blockchain ecosystem.
Leading cryptocurrency exchange KuCoin has signed a strategic Memorandum of Understanding (MoU) with the Vietnam Blockchain and Digital Assets Association (VBA) and the tech firm 1Matrix.
The partnership, announced today, September 3, is a major move to accelerate blockchain development and digital asset adoption in Vietnam, one of Southeast Asia’s most dynamic and tech-savvy markets.
Partners with Specific Roles
According to the latest press release by the crypto exchange, each party in the collaboration will play a specific role in accelerating blockchain infrastructure, advancing digital asset applications, and promoting digital economic growth in Vietnam. The latest development will also boost KuCoin’s operational coverage, which currently serves over 41 million users across more than 200 regions.
KuCoin’s role
Under the signed MoU, KuCoin will focus on transferring advanced technology and best practices, empowering local innovation while upholding top security standards, while 1Matrix oversees domestic infrastructure and resources.
Related: KuCoin Becomes First Global Exchange to Support Thailand’s Historic G-Token Project
Roles of the local partners
The Vietnam Blockchain Association (VBA) will handle policy advocacy, standardization, and community outreach, acting as the bridge to the local ecosystem. 1Matrix, the domestic tech company, will oversee local infrastructure and resources.
The three independent units will enable a transparent and sustainable digital financial ecosystem, allowing Vietnamese startups to access international markets and promote economic inclusion and growth. It also enhances localized blockchain development, which supports Vietnam’s National Blockchain Strategy (2025 -2030).
KuCoin’s Focus on the Vietnamese Market
KuCoin’s Vice President and Head of Group Commercial, Demen Chen, expressed his excitement over his company’s role in developing blockchain technology in Vietnam. Chen identified the Asian country as an emerging hub for blockchain and digital assets, fueled by a young, creative, and tech-savvy community ready to pioneer global innovations.
According to Chen, the collaboration is a long-term project toward building community trust, advancing digital asset education, and nurturing Vietnam’s blockchain startup ecosystem. He noted that the three participants share the same goal of creating a transparent, secure, and internationally competitive market. They also aim to elevate Vietnam as a pivotal landmark on the global blockchain map.
Related: KuCoin Rolls Out USD1 Points Program to Drive Stablecoin Engagement
It is worth noting that the latest partnership highlights KuCoin’s expansion plan, which features several collaborations across different regions. A pattern that has become more frequent in the past few months.
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