Vietnam's First Domestic Crypto Exchange: Upbit & MB Bank Alliance

Upbit And MB Bank: Pioneering Vietnam's First Domestic Crypto Exchange

The strategic partnership between Dunamu, the operator of leading South Korean crypto exchange Upbit, and Military Commercial Joint Stock Bank (MB Bank) marks a historic milestone for Vietnam's digital finance market. This agreement is not only aimed at establishing the first domestic digital asset exchange operated by a Vietnamese enterprise but also lays the groundwork for a legal, transparent, and secure crypto ecosystem.

Details Of The Strategic Partnership

On August 12, 2025, during the Vietnam-Korea Business Forum in Seoul, Dunamu and MB Bank officially signed a Memorandum of Understanding (MoU) for technical cooperation. This event opens a new chapter, combining Upbit's blockchain technology prowess with MB Bank's robust financial reputation and infrastructure.

Role Of Dunamu (Upbit)

Dunamu, with Upbit being South Korea's largest crypto exchange and the third globally by trading volume, will serve as the key strategic partner. Upbit will provide a comprehensive technological platform, including high-performance trading systems, advanced risk management solutions, cutting-edge security technology, and support for compliance with international legal regulations, especially the standards set by the Financial Action Task Force (FATF). Additionally, Dunamu will advise on investor protection measures and provide training for high-quality human resources for the new exchange.

Oh Kyoung-suk, CEO of Dunamu, emphasized: "This is not just the establishment of an exchange but an opportunity to build a sustainable digital financial infrastructure based on trust."

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