Vietnam Launches Pilot Crypto Framework for Foreign Investors
- Vietnam’s pilot crypto framework, initiated in September 2025, limits tokenization to foreign investors.
- The global tokenized asset market is projected to reach $14 trillion by 2030, as estimated by Boston Consulting Group.
- Five companies have been approved by the State Securities Commission, each requiring $383 million in capital to launch exchanges.
- Domestic investors face fines for trading on unlicensed platforms, with penalties ranging from $1,150 to $1,918 starting September.
Vietnam’s new crypto framework aligns with global regulatory trends and aims to enhance investor safeguards while promoting capital raising through digital assets backed by real-world assets. The initiative restricts initial offerings to foreign investors and requires significant capital for exchange licensing.
This strategic move positions Vietnam within a growing global market projected at $14 trillion by the next decade, while ensuring compliance and transparency in its domestic crypto environment. (Source)
