Under the terms of the agreement, OKX will provide strategic consulting, operational experience, technology solutions, and compliant liquidity support for the digital asset trading platform of Vietnam Prosperity Crypto Asset Exchange Joint Stock Company (CAEX), a member of the VPBank ecosystem.

Additionally, through its investment arm, OKX Ventures, the partner will invest capital into CAEX in April. This investment will help CAEX meet the minimum capital requirement of 10,000 billion dong (approximately 380 million USD) necessary to participate in Vietnam's pilot program for the digital asset market.

Representatives from both entities shake hands at the strategic cooperation agreement signing ceremony. Photo: VPBank.

Beyond developing the CAEX exchange, both parties plan to expand their cooperation in applying blockchain technology to financial and banking operations. Key focus areas include enhancing system security, improving transaction processing speed, and increasing operational transparency.

The collaboration between VPBank and OKX creates a "local strength - global expertise" partnership model. VPBank serves as the domestic partner, leveraging its strong financial ecosystem, market understanding, and operational capabilities. OKX contributes advanced technology, management experience, and expertise in implementing digital asset solutions across major global markets.

Nguyen Hong Trung, Chairman and CEO of CAEX, speaks at the signing ceremony. Photo: VPBank.

CAEX aims to establish an operational, control, and risk management system built to high standards, prioritizing governance, compliance, and investor protection. Guided by VPBankS, LynkiD, and other strategic partners, CAEX has assembled a team of experienced professionals in finance, technology, and cybersecurity, with the goal of forming a transparent and regulated digital asset market in Vietnam.

In the long term, this cooperation is expected to foster a reliable investment environment for both domestic and international investors, gradually positioning Vietnam as a key destination within the global digital asset ecosystem.

Star Xu, Founder and CEO of OKX, speaks at the signing ceremony. Photo: VPBank.

VPBank is one of Vietnam's large private banks, ranked 87th among Southeast Asia's 500 largest enterprises by Fortune magazine. The bank currently serves over 30 million customers through an ecosystem spanning banking, consumer finance, securities, and insurance.

OKX is a fintech company providing digital asset trading and investment services to over 120 million global users. It facilitates digital asset transactions and trading through various financial instruments, including spot, futures, and decentralized markets. The company is also known for its ecosystem comprising an exchange, wallet, and on-chain solutions, operating in regions such as the US, Europe, UAE, and Singapore.