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

Dunamu, the operator of South Korea’s leading cryptocurrency exchange Upbit, has joined forces with Vietnam’s state-owned Military Bank (MB Bank) to launch the country’s first licensed digital asset exchange [1]. The partnership was officially announced on August 12, 2025, during a Korea–Vietnam business forum in Seoul [2]. This collaboration represents a significant milestone in Vietnam’s ongoing efforts to regulate its rapidly growing cryptocurrency market, which currently supports over 20 million users who trade on international platforms [3].

Under the terms of the agreement, Dunamu will be responsible for providing the technological infrastructure and compliance frameworks necessary for the new exchange [4]. Meanwhile, MB Bank, which has a customer base of 33 million and assets approaching $50 billion, will handle regulatory and operational oversight [5]. This arrangement leverages Dunamu’s global experience in managing high-volume trading platforms and MB Bank’s strong institutional presence in Vietnam.

The project is aligned with recent legislative progress, including the passage of the Law on the Digital Technology Industry in July 2025, which provides a legal foundation for digital asset activities and promotes the development of a domestic market [7]. The initiative is expected to create a secure and regulated trading environment that supports both retail and institutional demand for digital assets [6]. Dunamu CEO Oh Kyoung-suk emphasized the potential of Vietnam’s market, expressing the opportunity to build a comprehensive digital financial system beyond trading [8]. Similarly, MB Bank’s Chair Luu Trung Thai described the partnership as a strategic move to strengthen the bank’s position in digital finance and support Vietnam’s broader economic transformation [9].

The new exchange is anticipated to enhance institutional confidence and foster long-term market development in Vietnam [10]. It also reflects a broader trend of cross-border collaboration in the crypto sector, particularly in regions where regulatory clarity and infrastructure are still evolving. Although no official launch date has been provided, both parties have expressed optimism about the platform’s potential to drive innovation and security in Vietnam’s crypto landscape [11].

This partnership not only strengthens Dunamu’s international footprint but also reinforces MB Bank’s role in Vietnam’s digital financial ecosystem [12]. As regulatory frameworks and technological infrastructure continue to improve, Vietnam is well positioned to emerge as a regional leader in digital asset adoption [13].

Source:

[1] title1.............................(https://news.bitcoin.com/dunamu-and-mb-bank-to-launch-vietnams-first-licensed-crypto-exchange/)

[2] title2.............................(https://cointelegraph.com/news/vietnamese-state-controlled-bank-aims-to-launch-the-nation-s-first-regulated-crypto-exchange)

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

[4] title4.............................(https://www.cryptopolitan.com/vietnam-s-first-crypto-exchange-dunamu/)

[5] title5.............................(https://www.kucoin.com/news/flash/dunamu-and-mb-bank-to-establish-vietnam-s-first-crypto-exchange)

[6] title6.............................(https://cryptorank.io/news/feed/03277-dunamu-mb-bank-to-launch-vietnams-first-crypto-exchange)

[7] title7.............................(https://www.odaily.news/en/newsflash/443382)

[8] title8.............................(https://cryptobriefing.com/vietnam-crypto-exchange-launch/)

[9] title9.............................(https://www.ainvest.com/news/dunamu-mb-bank-launch-vietnam-domestic-crypto-exchange-2508/)

[10] title10.............................(https://coincentral.com/dunamu-joins-mb-bank-to-establish-vietnams-first-local-crypto-exchange/)

[11] title11.............................(https://www.cryptotimes.io/2025/08/14/dunamu-mb-bank-to-launch-vietnams-first-crypto-exchange/)

[12] title12.............................(https://coincentral.com/dunamu-and-military-bank-launch-vietnams-first-crypto-exchange/)