Dunamu Teams Up with MB Bank to Launch Vietnam’s First Crypto Exchange

Highlights:

• Vietnam’s first crypto exchange will be developed by MB Bank and South Korea’s Dunamu.
• Dunamu will provide tech, legal, and operational support for the platform.
• Vietnam approved a new digital law and launched a national blockchain platform.

Vietnam is gearing up to introduce its first homegrown cryptocurrency exchange. The strategic move was prompted by a partnership between Military Bank, a state-controlled lender, and a South Korean exchange, Upbit, operated by Dunamu. As per the local media report, the agreement was signed during the Korea-Vietnam Business Forum in Seoul, indicating strong bilateral relationships on matters relating to digital finance.

The Vietnam Ministry of National Defense established the Military Bank in 1994. It has involved almost 30 million customers and is among the four leading banks in the country. Its participation guarantees that the project has considerable state support. Dunamu brings in rich experience from running one of the largest cryptocurrency exchanges in the world, Upbit.

JUST IN: Vietnamese government to launch its first Bitcoin and crypto exchange.

Another country opening the gates 🌏🚀 pic.twitter.com/DLwJVi9fYS

— Bitcoin Archive (@BTC_Archive) August 13, 2025

Dunamu to Power Vietnam’s First Crypto Exchange

Under the memorandum of understanding, Dunamu will act as a technological and strategic partner to the Military Bank. The company will offer infrastructure, compliance frameworks, and investor protection mechanisms to Vietnam’s first crypto exchange. Moreover, it will direct talent development and operational planning so that the platform can meet international standards.

Upbit currently occupies the top spot in South Korea with a market share of almost 65% at the moment. It is one of the leading three exchanges globally in the number of trades, with annual trades of 1.1 trillion. Furthermore, its advanced systems and its compliance with Financial Action Task Force (FATF) standards are likely to constitute the foundation of the new exchange in Vietnam. Oh Kyoung-suk, CEO of Dunamu, pointed to Vietnam’s significant potential. He cited more than 20 million digital asset owners and crypto trading exceeding $800 billion annually.

He further explained:

“By combining this potential with the established model of Upbit, we can transform not only by building an exchange but by creating the entire digital finance system that operates on trust.”

Chairman of the Military Bank, Luu Trung Thai, affirmed that the collaboration with Dunamu will drive the development of the Vietnamese digital financial market. A combination of expertise will not only form a trading platform but also a bigger financial infrastructure, one based on transparency and innovation.

Regulatory Support and National Blockchain Initiatives

This development comes on the heels of Vietnam ramping up its legal framework for digital assets. The National Assembly passed the Digital Technology Industry Law in June, effectively making crypto assets recognized for the first time. The policy will come into effect in January next year and will categorize digital assets into two groups: virtual assets and crypto assets. Although both types have a common use of encryption, regulated financial instruments are outside of these definitions.

Smart nations are embracing Crypto.

Vietnam has legalized digital assets under its new Digital Tech Industry Law, effective January 1, 2026.

This is a significant move for the country's digital economy. pic.twitter.com/fX2Ok7jron

— Crypto Diplomat (@diplomat_crypto) June 15, 2025

Furthermore, Vietnam recently introduced NDAChain, a national blockchain network designed to secure sensitive data protection and establish digital trust. The permissioned Layer 1 blockchain follows a proof-of-authority consensus and has 49 validator nodes managed by state agencies and large enterprises. Such projects support the upcoming crypto exchange by strengthening the country’s overall digital system.