Bybit and Partners Sign MOU to Boost Vietnam’s Blockchain Future
Bybit has signed a Memorandum of Understanding (MOU) with the People’s Committee of Da Nang City, the Abu Dhabi Blockchain Center (ADBC), and Verichains Network Security Company Limited. The agreement supports Vietnam’s growing digital asset ecosystem while positioning Da Nang as a hub for global finance and innovation.
Da Nang, one of Vietnam’s largest cities, has already received approval to deploy a blockchain sandbox. This makes it a natural location for testing advanced policies and attracting global partnerships. Under the MOU, three main pillars will guide the initiative: enhancing digital asset liquidity to connect with global markets, linking Vietnam’s ecosystem with leading international hubs, and strengthening infrastructure security to reduce risks in blockchain innovation.
Partnership Roles and Policy Support
The MOU reflects a mutual commitment to advance both technology and governance. Da Nang will ease administrative processes for partners to invest, establish offices, and integrate into the planned International Financial Center. In return, Bybit and its partners will share global best practices, provide policy consultation on blockchain, and help the city build a modern regulatory framework.
This effort builds on earlier cooperation. In April 2025, Bybit leadership met with Vietnam’s Minister of Finance to discuss the nation’s regulatory sandbox and explore safeguards such as anti-money laundering and know-your-customer protocols. Consequently, today’s MOU strengthens this trajectory and reaffirms Bybit’s long-term support for Vietnam’s digital transformation.
Toward a Safer, Transparent Ecosystem
The agreement not only strengthens Da Nang’s vision for an International Financial Center but also ensures that innovation is paired with security. By aligning national strategies with local implementation, the IFC model is designed to be flexible while minimizing risks. Moreover, the partnership highlights how governments, regulators, and technology leaders can work together to build transparent, innovation-friendly ecosystems.
Through this collaboration, Vietnam takes another step toward becoming a global leader in blockchain adoption and digital asset innovation. The MOU represents both an economic opportunity and a commitment to building a safer, sustainable, and future-ready financial system.
