OKX and VPBank sign strategic cooperation to develop the digital asset market and blockchain technology

On April 14 in Hanoi, VPBank (Vietnam Prosperity Joint Stock Commercial Bank) and OKX—one of the world’s largest digital asset platforms—signed a strategic framework agreement aimed at supporting the formation and development of Vietnam’s crypto-asset market toward transparency, safety, and sustainability.

Regulatory-aligned cooperation

The signing is seen as a pioneering step by a major Vietnamese financial institution to enter the digital asset sector in a methodical, controlled manner that aligns with regulator guidance. Vietnam is gradually building a legal framework to manage and develop the field, as reflected in Resolution 05/NQ-CP, with an emphasis on fostering innovation alongside risk management and investor protection.

What OKX will do

Under the cooperation, OKX will support VPBank through strategic advisory, sharing operating experience, and providing technology solutions. The agreement also includes connecting liquidity in line with current regulations for the digital asset trading platform of Vietnam Prosperity Crypto Asset Exchange (CAEX), a member of the VPBank ecosystem.

In addition, OKX, through OKX Ventures, will invest in CAEX in April to help the company meet the minimum capital requirement of 10,000 billion VND (about $380 million) to participate in Vietnam’s pilot program for the crypto-asset market.

Broader blockchain applications

Beyond CAEX, VPBank and OKX also plan to expand cooperation on applying blockchain to financial and banking activities. The two sides will focus on practical areas including enhancing system security, improving trading speed and processing efficiency, and increasing transparency in operations.

Platform development and governance focus

The collaboration follows a “local strength – global expertise” model. VPBank will act as the domestic partner, leveraging its comprehensive financial ecosystem, market understanding, and operational capacity, while OKX will bring advanced knowledge and technology, governance expertise, and deployment experience across major markets.

CAEX is positioned as the starting point for building an operating, risk-control, and governance system with a high standard of governance, compliance, and investor protection. Developing CAEX is intended to expand VPBank’s differentiated ecosystem while also contributing to a transparent, controlled, and sustainable digital asset market in Vietnam.

Long-term objective

With a long-term vision, the VPBank–OKX collaboration aims not only to develop a digital asset trading platform, but also to create a trustworthy investment environment for domestic and international investors, supporting Vietnam’s positioning as a reputable destination within the global digital asset ecosystem.