Deep Tide TechFlow News, on August 14, according to the Korean Herald, Dunamu, the operator of South Korea's largest cryptocurrency exchange Upbit, signed a memorandum of understanding with Vietnam Military Commercial Joint Stock Bank (MB Bank) in Seoul on August 13 to cooperate in building Vietnam's first local digital asset exchange.
According to the agreement, Dunamu will serve as the core strategic partner for MB Bank, providing technical and infrastructure support, as well as consulting on regulatory compliance, investor protection, and talent development. This move is an important advancement following Vietnam's passage of the Digital Technology Industry Law in July this year.
Data shows that Vietnam currently has over 20 million digital asset holders, with a trading scale exceeding $800 billion, making it the fifth-largest country in the world for blockchain asset inflows. MB Bank, one of Vietnam's top five banks, has 33 million users and total assets nearing $50 billion.
Upbit, owned by Dunamu, is the world's third-largest cryptocurrency exchange, with a trading volume exceeding $1.1 trillion and managing assets totaling over 153 trillion Korean won (approximately $11 billion).