On August 26, 2023, VIX Crypto Asset Exchange Company (VIXEX) was established with a charter capital of 1 trillion VND, headquartered in Hanoi. The founding shareholders include VIX Securities Company (15%), FTG Vietnam Corporation (64.5%), and 3C Communications – Computer – Control Corporation (20.5%). Mr. Nguyen Van Hieu is the legal representative. FTG Vietnam is linked to the Gelex group and was a prior shareholder of VIX before divesting in 2022. The establishment of VIXEX indicates VIX’s involvement in the burgeoning digital asset market in Vietnam, especially following the National Assembly’s approval of the Digital Technology Industry Law. Mr. Phan Duc Trung from the Vietnam Blockchain and Digital Asset Association mentioned that Vietnam plans to have around 5 licensed exchanges for digital asset trading, connecting with international platforms.
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