Techcombank-Linked Digital Asset Firm Raises Capital to VND 10 Trillion

TCEX, a digital asset company linked to Techcombank, announced on November 11 that it had completed a capital increase that month, bringing its charter capital to VND 10 trillion. The company said it had completed the relevant legal documentation and level 4 information system security procedures and was ready to participate in Vietnam’s crypto asset market pilot. Following the capital increase, TCBS will hold 11% of TCEX’s charter capital.

An illustrative Bitcoin coin.（VietVance）

Under Vietnamese regulations, a company operating a digital asset exchange must have charter capital of at least VND 10 trillion. At least 35% of that capital must be held by no fewer than two eligible institutions, such as banks, securities firms, fund management companies, insurers or technology companies. A representative of Vietnam’s State Securities Commission previously explained that exchange operations span trading, payments and asset custody, among other activities. The higher capital threshold also helps ensure companies can cover losses and repay investors when necessary.

TCEX was established on May 5, 2025, with initial charter capital of VND 3 billion. At its founding, TCBS held 9.9%, TechcomCapital held 1.1%, and TCBS Chairman Nguyễn Xuân Minh held 89%. Following this capital increase, TCBS’s stake will rise to 11%.

Under a Vietnamese government resolution, the crypto asset market pilot will run for five years. The Ministry of Finance began accepting applications for exchange licenses on January 20. Deputy Minister of Finance Nguyễn Đức Chi said Vietnam plans to allow no more than five companies to take part in the exchange pilot to manage the associated risks.

Source: VietVance