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Techcom Securities Joint Stock Company (TCBS) said it is ready to deploy tokenized assets immediately after the relevant license is granted, following detailed discussion of the company’s direction at its 2026 General Meeting of Shareholders in Hanoi on April 25, 2026.
Responding to shareholders’ questions on its tokenized assets strategy, TCBS Chairman Nguyen Xuan Minh said the company is among the few units selected by regulators to continue review in a field that remains very new in Vietnam.
Mr. Minh said tokenized assets are not limited to building an exchange, but involve a broader and complex ecosystem. While waiting for a complete legal framework, TCBS has proactively developed essential components, including tokenizing real assets into tokenized assets that would be traded on a digital platform in the future.
TCBS also emphasized custody infrastructure and asset security. “When you have tokenized assets, the biggest question is where the money is stored, whether hot or cold wallets are safe, and how they are regulated. This may be the most critical link in the entire value chain,” Mr. Minh said.
As a subsidiary of Techcombank, TCBS said it can leverage technology, risk management, and operating processes from its parent to support investor asset safety. “If safety is not done well, investors will not come,” the chairman added.
Mr. Minh said TCBS aims to complete preparations so it can commence business activities as soon as it receives a license. “We aim to be able to operate immediately after receiving a license,” he said, noting that building a new business line would still take years due to the need to develop many components in a coordinated manner.
Beyond tokenized assets, TCBS is also studying expansion into new investment products, including gold. Mr. Minh said he is directly involved with Techcombank in seeking permission to trade gold bars from the regulator, including the State Bank of Vietnam.
He said gold remains an important investment channel globally, with products such as gold ETFs. TCBS plans to study similar directions in the long term when regulatory conditions permit. “Of course, all of this still depends on guidance and licensing from the authorities, but we expect to bring new products to investors soon,” Mr. Minh said.
Shareholders approved TCBS’s 2026 business plan with a revenue target of VND 13,227 billion and pre-tax profit of VND 7,535 billion, representing growth of 26% and 18% respectively from 2025 (excluding one-time income recorded in Q4 2025).
Shareholders also approved the payment of 2025 dividends in stock. TCBS is expected to issue ordinary shares with par value of VND 10,000 per share at a ratio of 20%, corresponding to a rights issue ratio of 5:1 (shareholders holding 5 shares on the record date will receive 1 new share).
For new business lines, TCBS said it will develop a diverse and personalized ecosystem of financial products aligned with customers’ risk appetite and investment goals, including Fundmart, intelligent investment strategy (iTracker), and covered warrants (CW). The company also plans to gradually expand the ecosystem of new products such as tokenized assets and other structured products as regulatory conditions permit.
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