MB Bank Collaborates with Upbit to Launch the First Crypto Exchange in Vietnam – A Turning Point for the Digital Financial Market.
At the Vietnam-Korea Economic Forum 2025 in Seoul, Dunamu Group – the operator of the Upbit crypto exchange (currently among the top 3 largest exchanges worldwide) – officially signed a strategic partnership with MB Military Bank. This is considered an important milestone, paving the way for the first crypto exchange in Vietnam to operate under the sponsorship of a major commercial bank.
According to the agreement, Dunamu will provide comprehensive support to MB Bank, from building the trading system, transferring security technology, and operating to international standards, to participating in drafting legal frameworks and investor protection mechanisms. This system will strictly comply with the standards of FATF – a global organization that sets standards for anti-money laundering and counter-terrorism financing.
Additionally, Upbit will bring over a decade of experience in the global market, including high-performance infrastructure, risk control processes, and high-quality personnel training to help Vietnam quickly integrate into the rapidly developing digital asset market.
New Context: Digital Asset Policies and Global Trends
This agreement occurs at a time when Vietnam is studying the construction of a legal framework for digital assets, a move expected to attract international investment capital and open up significant opportunities for technology-finance enterprises. Globally, many countries like South Korea, Singapore, and UAE have created clear legal frameworks to promote innovation in blockchain and crypto fields.
Notably, in the new international context with Donald Trump returning to the White House in late 2024, the US administration is showing a more open stance towards the crypto market. These signals could positively impact global investor sentiment, indirectly creating favorable conditions for Vietnam's entry into the international arena. If the project succeeds, Vietnam will become one of the pioneering Southeast Asian countries with a bank-sponsored crypto exchange, helping to increase investor confidence and reduce fraud risks. This is also a stepping stone to forming a complete digital financial ecosystem, connecting traditional banking, blockchain, and DeFi applications.