What to Know
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KuCoin, VBA, and 1Matrix will jointly develop blockchain infrastructure under Vietnam’s National Blockchain Strategy (2025–2030).
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From pilot trading systems to digital IDs and payment tools, the partnership focuses on real-world Web3 applications.
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Alongside new laws Vietnam is positioning itself as a rising hub for Web3 in Asia.
KuCoin has made a big move into the blockchain scene in Vietnam. The company has signed a strategic Memorandum of Understanding (MoU) with the Vietnam Blockchain and Digital Assets Association (VBA) and 1Matrix. The goal is to help build and improve the country’s blockchain infrastructure from 2025 to 2030.
A Powerful Partnership
KuCoin brings its tech and global experience while 1Matrix manages the local side making use of its multi-chain infrastructure. Meanwhile VBA, an official Vietnamese blockchain group, will handle policies, community outreach, and standard-setting.
They want to work together to make pilot trading platforms, digital payment systems, e-identity tools, and strong risk-management setups. These efforts are part of Vietnam’s larger National Blockchain Strategy (2025–2030) and could help the country become a center for digital innovation in the region.
Damen Chen, KuCoin’s Commercial VP, described it well:
“Vietnam is young, creative, and tech-savvy, perfect for blockchain innovation. We’re excited to work with VBA and 1Matrix to build trust, educate communities, and support local startups with global tools.”
Vietnam is Rapidly Growing
Vietnamese are among the world’s most passionate crypto users, even though institutional involvement is still limited. A recent report estimates 21 million adults in Vietnam now own crypto, and DeFi and Web3 platforms like Pendle and Kyber are gaining traction.
Vietnam is also making it possible for blockchain to grow over time. The National Assembly passed the Law on Digital Technology Industry earlier this year. This law officially recognizes and regulates digital and crypto assets. It will go into effect on January 1, 2026. The new law makes it clear what digital and crypto assets are and offers incentives like tax breaks and help with tech infrastructure.
Vietnam’s Web3 community recently took another leap forward when Aptos pumped over $400,000 into the top five teams of the Vietnam Aptos Hackathon 2025. This program gives money to projects that deal with decentralized finance, gaming, NFTs, and other topics to help developers, startups, and students.
Aptos Foundation, AlphaTeam, Cloud Ace, and Google Cloud are also starting a Web3 Leaders Fellowship Program. Up to 20 Vietnamese startups that work in Web3 and AI will get money, advice, and cloud credits to help them grow their ideas.
KuCoin’s Prior Moves in Vietnam
This isn’t KuCoin’s first effort in the region. Last year, it worked with Holdstation to help Web3 development in the area, offer startup accelerator programs, and improve blockchain education at colleges and universities.
KuCoin also shared a survey at the VTIS 2024 summit that showed that almost 82% of Vietnamese youth are thinking about careers in blockchain, with a lot of interest in data, marketing, and business roles. A lot of people think that crypto is a real way to make money and a career.
Why This Matters
Vietnam is at a turning point in its web3 journey. Not only is the country following global blockchain trends, but it’s also setting its own with the help of KuCoin, VBA, and 1Matrix. These steps could give Vietnam a big advantage in Southeast Asia, helping it get more investments, give local startups more power, and create jobs in the digital economy.
Final Thoughts
The partnership with KuCoin is more than just a business deal; it’s a promise to Vietnam’s future. The initiative sets out a plan for responsible Web3 adoption by bringing together technology, policy, and community development. This partnership gives Vietnam’s young, tech-savvy people both a chance and the confidence to build an economy based on blockchain.
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