OKX Ventures and HashKey Capital have announced their decision to invest in Vietnam’s cryptocurrency trading platform, CAEX. This investment is particularly significant as it equips CAEX with the necessary capital to participate in the country’s regulated pilot scheme for digital asset trading.
The combined capital injection, planned for deployment in April, aims to help CAEX—officially known as the Vietnam Prosperity Cryptocurrency Asset Exchange Joint Stock Company—achieve the minimum charter capital requirement of 10 trillion Vietnamese dong (approximately US$380 million). This threshold is essential for participation in the pilot program, which operates under specific regulatory frameworks.
According to the rules governing the pilot, a minimum of 65 percent of the total capital must be sourced from institutional investors, which may include banks, securities firms, or technology companies. Furthermore, the regulations impose a foreign ownership limit, capping it at 49 percent.
In addition to their financial contribution, both HashKey Capital and OKX Ventures, the investment branch of the global cryptocurrency exchange OKX, will collaborate with CAEX on several crucial aspects. Their partnership aims to enhance CAEX’s technical infrastructure, security protocols, compliance methods, and risk management strategies, along with liquidity connectivity. These efforts will be in accordance with Vietnamese regulations.
While the specific sizes of each investor’s stake have not been publicly disclosed, the collaboration marks a significant leap for CAEX, which was founded in September of the previous year. The platform has strong backing from key Vietnamese stakeholders, including VPBank Securities and the digital technology firm LynkiD.
This partnership underlines the growing interest and investment in Vietnam’s cryptocurrency sector, a market that is rapidly evolving as regulatory frameworks are developed and institutional interest increases.
