Overview
- OKX Ventures and HashKey Capital agreed to invest in CAEX, bringing its capital base to about VND 10 trillion (roughly $380 million), the minimum to join Vietnam’s pilot for licensed crypto trading.
- The partnership includes help on trading systems, security, compliance checks, risk controls, and links to market liquidity, subject to local rules.
- Draft terms for the pilot require at least 65% of capital from institutions and cap foreign ownership at 49%.
- Regulators have not released final licensing mechanics, tax treatment, or transition steps, and the size of each investor’s stake was not disclosed.
- Vietnam is building this regime after a 2023 FATF greylisting for weak anti‑money‑laundering controls and heavy retail use that moved an estimated $200 billion in crypto through mid‑2025.