Bybit Partners With Da Nang To Build Vietnam’s Digital Asset Hub
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 partnership marks a major step in developing Vietnam’s digital asset ecosystem, with Da Nang identified as a natural hub due to its approval to operate a blockchain sandbox.
The agreement focuses on supporting Da Nang’s ambition to establish an International Financial Center (IFC). The initiative will revolve around three pillars: digital asset liquidity connecting global markets, ecosystem connectivity linking Vietnam with international finance hubs, and infrastructure security to ensure a resilient, risk-controlled environment for innovation. These pillars are designed to make Da Nang a regional leader in blockchain-driven finance while ensuring secureguards against ecosystem vulnerabilities.
Under the MOU, the city will facilitate administrative procedures for the partners to integrate into the IFC. Bybit and its collaborators will contribute policy consultation, share international best practices, and assist in building a regulatory framework that protection. The model aims to translate Vietnam’s national digital asset strategy into local implementation.
Takeaway
Voices From The Partnership
Helen Liu, Co-CEO of Bybit, emphasized the importance of Vietnam’s transformation: “Vietnam is an inspiring example of a nation embracing digital transformation, and we are honored to contribute to its journey. Bybit is committed to sharing our global expertise in blockchain and digital asset innovation to support Da Nang’s vision of becoming an International Financial Center. This partnership reflects our belief in building sustainable ecosystems hand in hand with governments, institutions, and trusted partners.”
Leaders from ADBC and Verichains also highlighted the collaboration’s significance in ensuring secure infrastructure and ecosystem growth. Together, the group is positioning Da Nang as a model city for blockchain-enabled finance, while also contributing to Vietnam’s broader regulatory sandbox initiative for digital assets. The emphasis on compliance, including Anti-Money Laundering (AML) and Know Your Customer (KYC) secureguards, ensures that innovation aligns with investor protection.
The partnership reflects a growing global trend of platforms and regulators working together to shape the future of digital finance. Bybit’s move solidifies its role as a trusted partner for governments and institutions looking to responsibly expand blockchain integration into financial systems.
Takeaway
Continuing Bybit’s Engagement In Vietnam
This MOU builds on Bybit’s earlier efforts in Vietnam. In April 2025, Co-Founder and CEO Ben Zhou met with H.E. Nguyen Van Thang, Minister of Finance of Vietnam, to express support for the nation’s assets. That meeting underscored Bybit’s belief in the importance of controlled experimentation and robust secureguards for digital asset adoption.
The latest collaboration with Da Nang represents a continuation of this vision, ensuring the IFC model is not only policy-flexible but also risk-controlled. The involvement of multiple partners strengthens the , transparent, and innovation-driven framework. With its global expertise and strategic resources, Bybit positions itself as a long-term ally in Vietnam’s digital transformation journey.
As Vietnam accelerates its blockchain initiatives, the partnership between Bybit, Da Nang, ADBC, and Verichains may . By fostering cross-border cooperation and aligning innovation with regulation, the collaboration could shape the way international financial centers of the future are built.
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