what's Vietnam Prosperity Crypto Asset Exchange JSC (CAEX)?

Vietnam Prosperity Crypto Asset Exchange JSC (CAEX) is a centralized cryptocurrency exchange established within the VPBank financial ecosystem to operate under Vietnam's legal framework for digital assets. It focuses on providing secure, compliant trading services as part of the government's pilot program for regulated crypto exchanges, integrating with traditional banking, securities, and insurance arms of VPBank. CAEX has mobilized significant charter capital to meet regulatory thresholds and formed strategic partnerships with international firms for technology infrastructure, liquidity provision, custody, compliance, security, and risk management. Backed by investments like OKX Ventures, it aims to expand legitimate investment channels in Vietnam's digital economy while ensuring high standards for user protection and market development.

CAEX secured HashKey Capital investment for Vietnam's crypto pilot, also from OKX Ventures.