Dunamu, operator of South Korea’s largest cryptocurrency exchange Upbit, has signed a memorandum of understanding (MoU) with Military Commercial Joint Stock Bank (MB) to establish the first locally operated digital asset trading platform in Việt Nam.
The agreement was finalised during the Korea–Việt Nam Business Forum in Seoul, aiming to develop a compliant, modern trading platform equipped with investor protection mechanisms in line with local regulations.
Leaders of Dunamu and MBBank pose for a photo with other entrepreneurs during the Korea–Việt Nam Business Forum in Seoul.
Dunamu will serve as a strategic partner, contributing its technology and operational expertise from Upbit — ranked among the world’s top three exchanges by trading volume, processing over US$1.1 trillion annually and managing assets worth approximately $11 billion.
Chief Executive Officer of Dunamu Oh Kyoung-suk highlighted Việt Nam’s strong potential, citing some 20 million digital asset holders, an annual trading volume exceeding $800 billion, and the nation’s standing in the global top five for blockchain capital inflows.
He noted the partnership comes at an opportune moment following the Vietnamese Government’s Resolution 57, which identifies science, technology, and innovation as vital growth drivers.
Vice Chairman of MB’s Board of Directors Vũ Thành Trung said the bank is expanding its ecosystem into the digital asset sector by joining forces with a leading global partner to capitalise on emerging opportunities from one of the economy’s new growth engines.
He added this strategic initiative aligns with the Government’s policy to mobilise resources for developing the digital economy.