KuCoin Partners with VBA & 1Matrix to Enhance Blockchain in Vietnam
- KuCoin, VBA, and 1Matrix form blockchain partnership in Vietnam.
- Focuses on digital asset innovation and infrastructure growth.
- Aims to enhance Vietnam’s position in global blockchain markets.
KuCoin has entered into a partnership with Vietnam’s VBA and 1Matrix to advance blockchain infrastructure and digital asset innovation in Vietnam.
The collaboration aims to align with Vietnam’s national strategy, potentially boosting blockchain development and enhancing digital asset solutions within the country.
KuCoin has announced a strategic partnership with Vietnam’s VBA and 1Matrix Joint Stock Company to accelerate blockchain infrastructure and digital asset innovation in Vietnam. The collaboration signifies a major step forward in the region’s blockchain development efforts.
KuCoin, recognized for its technology in digital assets, signed a Memorandum of Understanding with VBA and 1Matrix. All parties aim to foster blockchain technology, emphasizing transparency and security to strengthen Vietnam’s global market presence.
This partnership is likely to impact trading of major assets like ETH and BTC on KuCoin and may introduce new crypto-fiat ramps. The participation of notable entities emphasizes Vietnam’s pivotal role in blockchain innovation. Damen Chen, Vice President and Head of Group Commercial, KuCoin, stated,
“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.”
Vietnam’s blockchain efforts will be directly supported by this initiative, outlining the country’s National Blockchain Strategy from 2025 to 2030. This partnership may lead to increased financial and regulatory collaboration in Vietnam.
The collaboration aligns with Vietnam’s strategy to establish a comprehensive blockchain infrastructure and support digital asset growth. Other regions have experienced growth in local trading volumes and DeFi engagement following similar partnerships.
The partnership indicates potential growth in digital identity and payment solutions in Vietnam. Historical trends point to increased developer involvement and protocol adoption as infrastructure builds occur, potentially reshaping the digital economy landscape.
