PANews, August 14 news: According to Koreaherald, Dunamu, the operator of South Korea's largest cryptocurrency platform Upbit, will team up with Vietnam's MB Bank to launch Southeast Asia's first domestic digital asset exchange. The two companies signed a memorandum of understanding at a business forum held in Seoul. Under the agreement, Dunamu will become MB Bank's primary strategic partner, sharing its technology and infrastructure, and providing consulting in regulatory compliance, investor protection, and talent development.
MB Bank is a joint-stock commercial lending institution established in 1994 and is a subsidiary of the Ministry of Defense. It is one of the five largest banks in Vietnam, serving 33 million customers, with total assets close to 50 billion USD.