LPBS and SCEX Partner to Build Digital Financial Ecosystem in Vietnam

Overview

LPBS (LPBank Securities) has entered into a strategic cooperation agreement with SCEX (Sacom Digital Asset Exchange) to develop a comprehensive digital financial ecosystem in Vietnam. The partnership aims to bridge traditional finance with digital assets and tokenized real-world assets (RWA), targeting both retail and institutional investors. This move aligns with Vietnam’s growing digital asset adoption and recent regulatory developments, including the government’s pilot mechanism for crypto assets.

Key Facts

• LPBS and SCEX signed a strategic cooperation agreement on May 20, 2026.
• The partnership focuses on developing integrated investment solutions, multi-platform asset management, and expanding access to new investment channels.
• Vietnam ranks in the top 5 globally for digital asset adoption, according to Chainalysis.
• Crypto inflows in Vietnam during 2024-2025 are estimated to exceed USD 220 billion.
• Approximately 17 million Vietnamese users are interested in or own digital assets.
• In March 2026, SCEX was among five enterprises deemed by the Ministry of Finance to have complete and valid dossiers for licensing as a crypto asset trading platform.
• The partnership aims to create a unified platform offering securities, traditional financial products, and crypto assets.

What Happened

On May 20, 2026, LPBS and SCEX officially signed a strategic cooperation agreement to develop a digital financial ecosystem in Vietnam. The agreement was announced at a signing ceremony where Mr. Hoang Viet Anh, CEO of LPBS, emphasized the importance of integrating traditional finance with decentralized finance (DeFi) and tokenized real-world assets (RWA). The partnership is built on leveraging each party’s strengths to form a comprehensive financial platform where clients can access diverse asset classes in a unified, transparent, and efficient experience.

The cooperation comes amid Vietnam’s accelerating digital asset landscape. The government’s Resolution No. 05/2025/NQ-CP on a pilot mechanism for crypto asset markets is seen as a major milestone. SCEX, having been recognized by the Ministry of Finance in March 2026 as one of five enterprises with valid dossiers for a crypto trading license, is positioning itself as a key player in the regulated digital asset space.

Market Context

LPBS is listed on the HOSE exchange as a securities company under LPBank. The partnership with SCEX reflects a broader trend among Vietnamese securities firms to explore digital asset services as the regulatory framework evolves. Vietnam’s digital asset market is among the fastest-growing in Asia, with high retail participation and significant crypto inflows. The partnership positions LPBS to capture new revenue streams from digital asset trading and tokenization services, potentially differentiating it from traditional peers.

Strategic Significance

This partnership represents a strategic move by LPBS to diversify beyond traditional securities brokerage and into the emerging digital asset ecosystem. By aligning with SCEX, which is on track to obtain a regulated crypto exchange license, LPBS gains early-mover access to Vietnam’s formalizing crypto market. The focus on tokenized real-world assets (RWA) could open new asset classes for investors, bridging traditional finance with blockchain-based products. For long-term investors, this signals LPBS’s commitment to innovation and its intent to capture value from Vietnam’s digital economy growth.

What to Watch

• SCEX’s progress in obtaining the official crypto trading license from the Ministry of Finance.
• Launch of specific integrated products or platforms resulting from the partnership.
• LPBS’s quarterly earnings reports for any revenue contribution from digital asset services.
• Regulatory developments under the pilot mechanism for crypto assets in Vietnam.
• Competitive responses from other securities firms in Vietnam.