Dunamu and MB Bank Launch Vietnam's First Local Digital Asset Exchange

Dunamu, the operator of South Korea’s largest cryptocurrency exchange Upbit, has entered a strategic partnership with Vietnam’s Military Bank (MB Bank) to launch the country’s first locally developed digital asset exchange [1]. The collaboration was formalized on August 12, 2025, during the Korea–Vietnam business forum in Seoul, marking a pivotal step in Vietnam’s efforts to formalize and regulate its fast-growing cryptocurrency market [2]. The event was attended by business leaders and government officials, underscoring the significance of the partnership in shaping the future of Vietnam’s digital finance landscape.

Under the terms of the agreement, Dunamu will supply the technological infrastructure and compliance frameworks necessary for the new exchange, while MB Bank will oversee regulatory and operational aspects [3]. This arrangement aims to create a secure and compliant trading environment, leveraging Dunamu’s global experience in managing high-volume platforms such as Upbit, which facilitates over $1.1 trillion in annual trading volume and holds assets valued at more than $11 billion [4]. As one of Vietnam’s top banks with nearly $50 billion in assets and a customer base of 33 million, MB Bank brings a strong institutional foundation to the project.

The partnership is seen as a state-backed initiative to advance Vietnam’s digital financial infrastructure and regulatory framework [5]. Vietnam’s digital asset market is currently among the most active globally, with over 20 million citizens participating in crypto trading [6]. The absence of a regulated local exchange has historically driven users to international platforms, but the new venture is expected to consolidate domestic activity within a structured environment that aligns with international standards [7]. This is particularly timely as Vietnam recently passed the Law on the Digital Technology Industry in July, which provides a legal basis for digital assets and encourages the development of a regulated market [8].

Dunamu CEO Oh Kyoung-suk emphasized the potential of Vietnam’s digital asset market, noting the country’s robust user base and the opportunity to develop a comprehensive digital financial system beyond mere trading [9]. Similarly, MB Bank’s Chair Luu Trung Thai described the partnership as a strategic move to support the growth of Vietnam’s digital finance industry and position the bank as a leader in the space [10]. The collaboration is also viewed as a model for similar initiatives in Southeast Asia, where the convergence of traditional finance and digital assets is accelerating.

The partnership strengthens Dunamu’s international footprint while helping MB Bank expand its role in Vietnam’s evolving financial ecosystem [11]. It also reflects a broader trend of cross-border collaboration in the crypto sector, particularly in emerging markets where regulatory clarity and infrastructure are still being developed. While an exact launch date for the new exchange has not yet been announced, both parties have expressed confidence in the platform’s potential to drive innovation and security in Vietnam’s crypto market [12].

The new exchange is expected to play a key role in supporting institutional confidence and long-term market development [13]. It will also contribute to Vietnam’s broader digital economy goals, including the development of local talent in blockchain and fintech [14]. As infrastructure and regulatory clarity improve, Vietnam’s potential to emerge as a regional leader in digital assets becomes increasingly realistic.

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/10553313)

[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)

[9] title9.............................(https://cryptobriefing.com/vietnam-crypto-exchange-launch/)

[10] title10.............................(https://www.ainvest.com/news/dunamu-mb-bank-launch-vietnam-domestic-crypto-exchange-2508/)