On January 15, at the National Forum for the Development of Digital Technology Enterprises, One Mount Group announced the construction of a “Make in Vietnam” Layer 1 blockchain, committing to invest between $200 million and $500 million. On March 31, One Mount Group established 1Matrix with a charter capital of 200 billion VND, holding 60% of the shares, focusing on providing blockchain services. Ho Anh Minh, son of billionaire Ho Hung Anh, holds 10% of 1Matrix and 4.9% of TCB, making him one of the richest young entrepreneurs on the stock exchange. 1Matrix will partner with Decom Holdings, led by Phan Duc Trung, President of the Vietnam Blockchain Association, holding 30% of the shares. The blockchain network is expected to launch in May 2025, contributing to the development of digital transformation and the blockchain ecosystem in Vietnam.
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