Dunamu and MB Bank to Launch Vietnam’s First Domestic Crypto Exchange

South Korea’s Dunamu, the operator of Upbit, has partnered with Vietnam’s Military Bank (MB Bank) to launch the country’s first domestically built digital asset exchange [1]. The agreement was formalized through a memorandum of understanding (MoU) signed on August 12, 2025, during the Korea–Vietnam business forum in Seoul [2]. The collaboration marks a pivotal moment in Vietnam’s digital finance strategy, as the country has previously lacked regulated local crypto trading platforms.

Dunamu will contribute its technological infrastructure, regulatory expertise, and investor protection measures to the new platform [3]. In contrast, MB Bank — one of Vietnam’s top five banks with nearly $50 billion in assets and 33 million customers — will manage the operational and regulatory aspects [5]. The partnership aims to create a secure and globally compliant trading environment, reflecting the growing convergence of traditional banking and digital assets.

The initiative aligns with Vietnam’s broader regulatory push to formalize its digital asset ecosystem. In June 2025, the National Assembly passed the Law on Digital Technology, legalizing virtual assets and laying the groundwork for institutional participation [4]. Dunamu CEO Oh Kyoung-suk emphasized the country’s potential, noting that Vietnam is home to over 20 million virtual asset holders, with trading volumes exceeding $800 billion and among the world’s top five in blockchain-based asset inflows [7]. According to Oh, this growth, when combined with the Upbit model, offers a chance to build Vietnam’s entire digital financial infrastructure on a foundation of trust.

MB Bank Chairman Luu Trung Thai echoed this sentiment, stating that the partnership would help advance Vietnam’s digital finance market [8]. The initiative also highlights South Korea’s efforts to export its proven crypto exchange model as part of a state-led strategy [5]. This includes not only technology transfer but also talent development in blockchain and fintech, which are expected to strengthen Vietnam’s long-term digital economy [6].

While an exact launch date has not yet been announced, the partnership is already being described as a significant milestone in Vietnam’s financial development [8]. As the country continues to refine its regulatory framework and improve digital infrastructure, the potential for Vietnam to emerge as a regional leader in digital assets becomes increasingly plausible.

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)