Vietnam and Bybit Unite to Build Blockchain-Powered IFC

Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has solidified its role as a strategic partner in Vietnam’s digital transformation through a high-level meeting with H.E. Nguyen Hoa Binh, Vietnam’s Permanent Deputy Prime Minister, held in Dubai on September 25, 2025Bybit Recognized as Trusted Partner in Vietnam’s Digital Future at High-Level Dubai Meeting^[1]. The session, attended by Bybit’s Co-Founder and CEO Ben Zhou, Co-CEO Helen Liu, and CFO Yonghui Tan, marked a continuation of the company’s growing collaboration with Vietnam’s government to advance its digital asset ecosystemBybit Recognized as Trusted Partner in Vietnam's Digital Future at …^[4]. This engagement follows a landmark Memorandum of Understanding (MOU) with Da Nang’s People’s Committee and participation in Vietnam’s regulatory sandbox initiative, which aims to foster innovation while establishing a secure framework for digital assetsBybit Recognized as Trusted Partner in Vietnam’s Digital Future at High-Level Dubai Meeting^[1].

During the meeting, Deputy Prime Minister Nguyen Hoa Binh acknowledged Bybit’s rapid global expansion and emphasized Vietnam’s priority to develop a pilot legal framework for digital assets. He expressed confidence in Bybit’s role as a trusted partner, encouraging the exchange to continue supporting Vietnam’s vision of becoming an International Financial Center (IFC) and a hub for blockchain innovationBybit Recognized as Trusted Partner in Vietnam’s Digital Future at High-Level Dubai Meeting^[1]. Bybit, which serves over 2.5 million users in Vietnam—representing approximately 15% of the country’s digital asset market—reaffirmed its commitment to contributing to the development of Vietnam’s regulatory framework, sharing international best practices, and training local talent in blockchain technologyBybit Recognized as Trusted Partner in Vietnam’s Digital Future at High-Level Dubai Meeting^[1].

The collaboration aligns with Vietnam’s broader strategy to integrate digital assets into its financial infrastructure. Bybit’s partnership with Da Nang, formalized through a recent MOU, focuses on advancing the city’s blockchain sandbox and IFC initiative. The agreement outlines three core pillars: enhancing digital asset liquidity to connect Da Nang with global markets, improving ecosystem connectivity with international finance hubs, and strengthening infrastructure security to mitigate risksBybit Signs MOU with Abu Dhabi Blockchain Center to Advance …^[3]. These efforts aim to translate national digital strategies into localized, scalable solutions while ensuring compliance with anti-money laundering (AML) and know-your-customer (KYC) protocolsBybit Signs MOU with Abu Dhabi Blockchain Center to Advance …^[3].

Bybit’s leadership highlighted the significance of the partnership. Ben Zhou, CEO, stated that Vietnam represents one of the most dynamic markets for digital assets and that Bybit is committed to supporting its vision of a “safe, transparent, and innovative ecosystem”Bybit Recognized as Trusted Partner in Vietnam’s Digital Future at High-Level Dubai Meeting^[1]. Helen Liu added that the dialogue with Vietnam’s leadership reflects “mutual trust and a shared ambition to position the country as a hub for international finance and innovation,” emphasizing Bybit’s role in policy consultation and human capital developmentBybit Recognized as Trusted Partner in Vietnam’s Digital Future at High-Level Dubai Meeting^[1]. The company’s engagement with Vietnam’s Ministry of Finance in April 2025 further underscored its alignment with the country’s regulatory sandbox plans, which seek to test crypto asset issuance and trading in a controlled environmentBybit Signs MOU with Da Nang People’s Committee to Advance …^[5].

The meeting in Dubai reinforces Bybit’s long-term strategy to partner with governments in emerging digital economies. With over 70 million global users, Bybit’s focus on bridging traditional finance (TradFi) and decentralized finance (DeFi) positions it as a key player in Vietnam’s digital transformation. The exchange’s commitment to infrastructure security and regulatory compliance aligns with Vietnam’s cautious yet forward-looking approach to digital asset integrationBybit Recognized as Trusted Partner in Vietnam’s Digital Future at High-Level Dubai Meeting^[1]. As Bybit continues to expand its footprint in Southeast Asia, its collaboration with Vietnam highlights the potential for institutional partnerships to drive sustainable growth in the digital economyBybit Recognized as Trusted Partner in Vietnam’s Digital Future at High-Level Dubai Meeting^[1].