KuCoin has partnered with VBA and 1Matrix to expand blockchain in Vietnam. Here’s how this move focuses on safe trading, digital payments, and secure digital IDs.
KuCoin, one of the world’s top crypto exchanges, has just signed a memorandum of understanding with the Vietnam Blockchain and Digital Assets Association (VBA) and 1Matrix Joint Stock Company.
This partnership is aimed at expanding blockchain use within the country, to grow the digital asset market, and to support the country’s digital economy.
The Vision Behind the Partnership
The agreement focuses on four main areas.
The first is creating safe trading platforms where local digital asset exchanges will give investors reliable access to crypto markets.
🇻🇳 KuCoin has signed an MoU with @VietnamVBA and @1matrixvietnam to advance blockchain infrastructure and digital asset development in Vietnam.
This collaboration focuses on:
✅ Pilot trading platforms & payment solutions
✅ Digital identity & risk management tools
✅ Supporting… pic.twitter.com/eGw3YAabPF— KuCoin (@kucoincom) September 3, 2025
The second is enabling blockchain-based payments, which will. Finally, Vietnam aims to secure digital identities, which will help people prove who they are online without traditional paperwork.
Vietnam also wants to implement risk management tools, which will make sure transactions meet international standards.
KuCoin’s Role in Vietnam
KuCoin’s role in the mix is that it brings technology, global experience, and financial support to the table.
The platform has over 41 million users across 200 regions and has a proven record of scaling digital platforms. Its CEO, Johnny Ly, pointed out that KuCoin wants to increase trust in digital assets, support education, and invest in startups.
The company’s strong compliance history is also another boost for its position. KuCoin has been recognised by Forbes as one of the top crypto exchanges and holds leading security certifications.
VBA’s Regulatory Guidance
The Vietnam Blockchain and Digital Assets Association plays a major role in blockchain adoption. It was established in 2022 under the Ministry of Home Affairs, and conducts research, sets st,andards while making sure that projects follow national policies.
The association also helps Vietnam improve its ranking with the Financial Action Task Force (FATF). Currently, the country is on the FATF “grey list” due to gaps in anti-money laundering laws. Its collaboration with KuCoin nd 1Matrix is aiming to strengthen compliance and build trust with international regulators.
Danang’s Crypto Sandbox
This partnership also builds on Vietnam’s recent fintech experiments. The People’s Committee of Danang recently approved Basal Pay, the country’s first crypto asset conversion project.
The project was developed by AlphaTrue Solutions JSC and operates inside a controlled sandbox to test compliance with FATF’s Travel Rule.
The city, which welcomed nearly 11 million tourists this year, hopes that blockchain-based payment systems can support its rising service economy.
Overall, KuCoin plans to operate under Vietnam’s new digital technology law, which is set to take effect in January. The exchange will also invest in early-stage projects and partner with universities to build local blockchain talent.
These efforts show that KuCoin sees Vietnam as more than just a market. It sees it as a hub for innovation in Southeast Asia.
Why the Partnership Matters
The KuCoin Vietnam blockchain partnership is more than a business deal. It shows Vietnam’s commitment to blockchain as part of its economy.
The benefits for businesses and citizens include safer financial tools, faster payments, and secure digital identities.
This model could inspire other countries to gravitate towards similar moves. Overall, Vietnam, aligning technology, local expertise, and policy, is setting itself as a leader in blockchain adoption continent.
