Summary: Dunamu & MB Bank to Launch Vietnam’s First Licensed Crypto Exchange

On August 12, 2025, Dunamu (the South Korean company behind Upbit) and Vietnam’s Military Bank (MB Bank) signed a Memorandum of Understanding (MoU) during the Korea–Vietnam business forum in Seoul to establish Vietnam’s first domestic digital asset (crypto) exchange .

Dunamu will contribute its technology, infrastructure, compliance frameworks, and investor protection mechanisms, leveraging Upbit’s high-performance platform and global know-how .

MB Bank, serving 33 million customers with approximately $50 billion in assets, will handle the regulatory operations, local licensing, and legal frameworks for the exchange .

This partnership aligns with Vietnam’s recent efforts—such as the passing of the Law on the Digital Technology Industry in July 2025—to formalize digital asset regulation and reduce reliance on foreign platforms .

Vietnam’s crypto market is already substantial: over 20 million digital asset holders, annual trading volumes estimated between $80 billion to $800 billion, and ranking among the top five globally for blockchain capital inflows .

The project's goals include securing investor confidence, developing local fintech talent, and establishing a regulated, institutional-grade digital finance ecosystem in Vietnam .

No official launch date has been specified yet; the MoU establishes the framework, but the actual exchange implementation remains forthcoming .#TrendingTopic #MarketTurbulence