News

OKX and HashKey Back Vietnam Crypto Exchange CAEX

By

Shweta Chakrawarty

Shweta Chakrawarty

On April 10, OKX invested in CAEX to meet the 10 trillion VND capital rule for the new five-year regulated crypto pilot program.

OKX and HashKey Back Vietnam Crypto Exchange CAEX

Quick Take

Summary is AI generated, newsroom reviewed.

  • OKX Ventures and HashKey Capital invested in CAEX to reach the 10 trillion VND ($380M) capital threshold.

  • CAEX is linked to VPBank and aims for one of five licenses under Vietnam’s Resolution 05/2025 pilot program.

  • The five-year pilot requires Level 4 cybersecurity standards and mandatory institutional majority ownership.

  • Local traders may face sanctions if using unlicensed offshore platforms six months after CAEX launches.

OKX Ventures and HashKey Capital have joined forces to support a new crypto exchange in Vietnam called CAEX. The platform, officially known as Vietnam Prosperity Crypto Asset Exchange. It is being built as a local trading hub in a fast-growing market. 

The investment brings CAEX’s total capital to around $380 million. This funding is important because it meets the financial requirement set by Vietnam’s government for its regulated crypto pilot program.

Building a Regulated Crypto Platform

CAEX is not just another exchange launch. It is part of a larger government plan to test regulated crypto trading. Vietnam is running a pilot program that allows selected platforms to operate under clear rules. To qualify, exchanges must meet strict conditions. One of the biggest requirements is capital; specifically, CAEX needed about $380 million. With backing from OKX Ventures and HashKey Capital, it has consequently reached that mark.

This gives CAEX a strong starting point. It also shows that global crypto firms are willing to support regulated markets instead of unregulated ones. The exchange is being developed with help from local partners as well. This includes financial firms that understand Vietnam’s rules and user base.

Support Beyond Just Funding

The investment is not only about money. OKX and its venture arm plan to actively support CAEX’s growth. They aim to help build key areas like compliance, security and risk control. These are critical for any exchange operating under regulation. Without them, it is hard to gain trust.

In addition, the partners will support liquidity. This ensures that users can trade smoothly without large price swings. A stable trading environment is key for long term success. This kind of hands-on support shows a shift in the industry. Big players are no longer just investors. They are becoming partners in building stronger systems.

Vietnam’s Growing Crypto Market

Vietnam has become a major player in crypto as many people in the country already use digital assets. Consequently, trading activity is high and interest keeps growing. Now, the government wants to bring structure to this growth. Indeed, the pilot program under Resolution 05 2025 is a step in that direction to test safe and regulated trading.

By supporting CAEX, global investors are showing confidence in this plan. They see Vietnam as a market with strong potential. While regulated platforms can reduce risks. Users are more likely to trust exchanges that follow clear rules.

A Step Toward Long-Term Growth

The launch of CAEX shows a bigger trend in crypto. The industry is slowly moving toward regulated, local platforms. Instead of operating in unclear spaces, exchanges are now working closely with governments. This helps create safer systems for users.

If CAEX succeeds, it could open the door for more platforms in Vietnam. It could also encourage other countries in the region to follow a similar path. For now, CAEX is one of the first major steps in this shift. Additionally, with strong backing behind it, the project is off to a solid start.

Google News Icon

Follow us on Google News

Get the latest crypto insights and updates.

Follow