Dunamu and MB Bank Launch Vietnam's First Domestic Crypto Exchange

South Korea’s Dunamu, operator of the country’s largest cryptocurrency exchange Upbit, has entered into a partnership with Vietnam’s Military Bank (MB Bank) to launch the country’s first domestic digital asset exchange [1]. The collaboration was formalized through a memorandum of understanding (MoU) signed on August 12, 2025, at the Korea–Vietnam business forum in Seoul [2]. This marks a pivotal shift for Vietnam’s cryptocurrency market, which has long relied on foreign platforms due to the absence of a regulated local exchange.

Dunamu will provide technological infrastructure, compliance support, and expertise in investor protection, while MB Bank will handle the regulatory and operational frameworks [3]. The bank, which holds nearly $50 billion in assets, brings credibility and a strong local presence to the project. Together, the two firms aim to create a secure, locally compliant trading environment that meets international standards [4]. The initiative is seen as a state-backed move to integrate digital assets into Vietnam’s broader financial ecosystem.

The partnership is also expected to foster institutional confidence in the domestic crypto market. Dunamu’s experience in managing large-scale platforms like Upbit positions the firm as a key strategic partner for MB Bank. By leveraging Dunamu’s expertise in technology, compliance, and user interface design, the new exchange could serve as a model for similar ventures in Southeast Asia [5]. Additionally, the project includes a focus on talent development, with the aim of nurturing local blockchain and fintech professionals to strengthen Vietnam’s long-term position in the digital economy [6].

Vietnam has emerged as one of the most active cryptocurrency trading markets globally, despite the lack of a regulated local platform until now. The launch of this domestically built exchange is expected to contribute to the country’s digital finance goals and accelerate its integration into global crypto markets [7]. The venture reflects a broader trend of convergence between traditional financial institutions and the crypto industry, particularly in emerging markets.

Though the exact launch date has not been disclosed, the collaboration is already being highlighted as a significant milestone in Vietnam’s regulatory and financial evolution. As infrastructure and regulatory clarity continue to improve, Vietnam’s potential to become a regional leader in digital assets becomes more tangible [8].

Source: [1] title1.............................(https://www.ccn.com/news/crypto/upbit-parent-dunamu-tech-and-compliance-support-vietnams-domestic-crypto-exchange/)

[2] title2.............................(https://www.cryptopolitan.com/vietnam-s-first-crypto-exchange-dunamu/)

[3] title3.............................(https://vir.com.vn/dunamu-and-military-bank-to-launch-vietnams-first-digital-asset-exchange-134397.html)

[4] title4.............................(https://cryptonews.com/news/dunamu-mb-bank-to-launch-vietnams-first-crypto-exchange/)

[5] title5.............................(https://www.koreaherald.com/article/10553213)

[6] title6.............................(https://www.kucoin.com/news/flash/dunamu-and-mb-bank-to-establish-vietnam-s-first-crypto-exchange)

[7] title7.............................(https://x.com/Cointelegraph/status/1955894800479060004)

[8] title8.............................(https://www.odaily.news/en/newsflash/443382)