CAEX Secures Investments from OKX and HashKey for Vietnamese Crypto Pilot
The Vietnamese cryptocurrency pilot program has attracted significant attention from major players in the industry. CAEX, a crypto exchange linked to VPBank's financial ecosystem, has received an investment from OKX Ventures and HashKey Capital to help it meet the program's minimum charter capital requirement of 10 trillion dong (approximately $380 million).
The pilot program, which opened on January 20, aims to license up to five digital asset service providers. The investment will enable CAEX to pursue entry into the regulated framework and work with other shareholders to ensure the platform has the financial strength and technical know-how to meet user expectations and regulatory standards.
Potential areas of collaboration between OKX and CAEX include technical infrastructure, security systems, compliance frameworks, and risk management. Vietnam has been identified as an important market for digital asset innovation, with authorities moving to establish formal oversight following several high-profile fraud cases in the market.