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OKX Ventures, HashKey Back CAEX to Clear Vietnam’s Crypto Pilot Capital Bar

The deal positions a VPBank-linked platform for a license in a five-year program that will allow only a few regulated exchanges.

Overview

  • CAEX said Friday that investments from OKX Ventures and HashKey Capital will help lift its charter capital to VND 10 trillion, the minimum to join Vietnam’s regulated crypto pilot.
  • Beyond funding, the partners will support CAEX on core needs such as trading infrastructure, security, compliance, risk controls, and liquidity links, while individual stake sizes remain undisclosed.
  • Vietnam’s pilot sets strict gates for entry, including VND 10 trillion in capital, at least 65% owned by institutional investors, and a 49% cap on foreign ownership.
  • Officials plan to license only a small number of domestic platforms and have signaled they may restrict access to unlicensed offshore exchanges once the first local venues go live.
  • CAEX counts VPBank Securities and digital ID firm LynkiD as shareholders, aiming to offer a supervised local alternative in a market that moved about $200 billion in crypto through mid‑2025 and drew FATF greylisting in 2023 for weak AML controls.