Bybit Partners with Abu Dhabi to Boost Vietnam’s Digital Asset Growth
▼ Summary
– Bybit has signed an MOU with Da Nang City, Abu Dhabi Blockchain Center, and Verichains to support Vietnam’s digital asset ecosystem and develop Da Nang into an international finance hub.
– Da Nang, a major Vietnamese economic center, will deploy a blockchain sandbox to pilot progressive policies and attract international partnerships in blockchain technology.
– The partnership focuses on three pillars: digital asset liquidity, ecosystem connectivity, and infrastructure security to build a resilient and risk-controlled environment.
– Da Nang will facilitate administrative procedures for partners, while Bybit and its collaborators will provide policy consultation and share international best practices.
– This MOU builds on Bybit’s earlier engagement in Vietnam, including discussions with the Ministry of Finance about regulatory sandboxes and investor protection measures.
A major partnership has been announced between Bybit, the Abu Dhabi Blockchain Center, the People’s Committee of Da Nang City, and Verichains, aimed at accelerating Vietnam’s digital asset ecosystem. This collaboration is designed to support Da Nang’s development into a recognized International Financial Center through shared expertise and resources.
Da Nang, one of Vietnam’s most dynamic economic hubs, has been selected to host a blockchain regulatory sandbox, making it an ideal testing ground for forward-thinking digital finance policies. The newly signed Memorandum of Understanding outlines three central objectives: enhancing digital asset liquidity to link Da Nang with global markets, fostering ecosystem connectivity with international financial centers, and ensuring infrastructure security for safe blockchain innovation.
This initiative translates national digital strategies into local action, creating a policy-flexible yet secure environment for digital asset development. Da Nang will streamline administrative processes to help partners establish operations and integrate into the future financial hub. In return, Bybit and its collaborators will provide policy guidance, share global best practices, and assist in building a modern regulatory framework.
Helen Liu, Co-CEO of Bybit, emphasized the significance of the partnership, stating, “Vietnam stands as a compelling example of a nation embracing digital transformation. We are proud to contribute our global expertise in blockchain to help realize Da Nang’s vision of becoming an International Financial Center. This collaboration reflects our commitment to building sustainable digital ecosystems alongside governments and trusted institutions.”
This agreement builds on earlier engagements between Bybit and Vietnamese officials. Earlier this year, Bybit’s leadership met with Vietnam’s Minister of Finance to discuss regulatory sandbox initiatives and the creation of a secure, transparent environment for digital assets. Those conversations highlighted the importance of AML and KYC protocols to protect investors and ensure financial integrity.
The latest Memorandum of Understanding represents a continued commitment to those shared goals, reinforcing Bybit’s role as a long-term partner in Vietnam’s digital evolution.
(Source: MEA Tech Watch)
