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VPBank and OKX signed a strategic cooperation agreement in the field of digital assets and blockchain. The two sides aim to develop trading platforms, connect liquidity, apply technology, in accordance with regulations and market deployment roadmap in Vietnam. Download Representatives of VPBank and OKX signed a memorandum of strategic cooperation agreement in the field of digital assets and blockchain technology applications - Photo: VGP On the afternoon of April 14, in Hanoi, VPBank and OKX signed a memorandum of strategic cooperation agreement in the field of digital assets and blockchain technology applications. The agreement aims to promote the formation and development of the crypto asset market in Vietnam in a transparent, safe and controlled manner. Accordingly, the signing is considered a step by a domestic financial institution in the process of approaching the field of digital assets. At the same time, this activity is associated with the management agencys orientation in building a legal framework for the market. This content has been mentioned in Resolution 05/NQ-CP, with a focus on promoting innovation along with risk control and investor protection. According to the cooperation content, OKX will accompany VPBank in strategic consulting, sharing operating experience, providing technology solutions and connecting liquidity in accordance with current regulations. These contents serve the digital asset trading platform of CAEX, a unit of the VPBank ecosystem. At the same time, through OKX Ventures, OKX will contribute capital to CAEX in April. The capital contribution is to help CAEX meet the minimum capital requirement of 10,000 billion VND, equivalent to about 380 million USD, to participate in the pilot implementation program of the encrypted asset market in Vietnam. In addition, the two sides also aim to expand cooperation in Blockchain application in financial and banking activities. Focused contents include enhancing system security, improving transaction processing speed, enhancing performance and transparency in operations. The cooperation between VPBank and OKX is built according to a model combining domestic capacity and international experience. In particular, VPBank plays the role of a domestic partner with the financial ecosystem, market understanding and operating capacity. Meanwhile, OKX provides technology, management experience and deployment of cryptographic assets in many markets. According to the orientation, CAEX is the first step in cooperation between the two parties. This platform is built with a standard operating, control and risk management system, focusing on compliance and investor protection. Developing CAEX also expands VPBanks ecosystem, contributing to the formation of a controlled digital asset market in Vietnam. This is also the basis for trading activities to be implemented according to the current roadmap and regulations. In the long term, cooperation between VPBank and OKX does not stop at building a digital asset trading platform. The two sides aim to create an investment environment for domestic and international investors, and participate in the global digital asset ecosystem. Through cooperation content, the development of the digital asset market in Vietnam is placed in a controlled context, associated with management and investor protection requirements. Thereby, the market is oriented to develop according to a roadmap consistent with policies and legal frameworks. VPBank is a large-scale private bank in Vietnam, on the list of 500 largest enterprises in Southeast Asia published by Fortune. The bank has an ecosystem of units in the fields of banking, consumer finance, securities and insurance, serving more than 30 million customers, with the participation of Sumitomo Mitsui Banking Corporation.VPBank aims to improve the quality of financial services and aim for a position in the large banking group in Vietnam and the Asian region.OKX is a fintech company operating in the field of digital assets, providing trading, investment services and financial tools such as spot, futures contracts and decentralized markets. This platform serves more than 120 million users globally. CAEX is a unit of the VPBank ecosystem, established with the goal of building a crypto asset trading platform. CAEX has the participation of units such as VPBankS and LynkiD, along with a team of experts in the fields of finance, technology and cybersecurity. Mr. Minh See moreVPBank launches a solution to reduce borrowing costs from account cash flow See moreVPBank has the fastest brand value growth rate in the Vietnamese banking industry See moreVPBank uses corporate governance as the language of international integration See moreOpen up many new development opportunities for the digital economy and digital asset market See moreDeveloping a sustainable digital asset investment community from knowledge See moreExploring digital assets become a new growth engine
