Bybit Signs MOU with Da Nang People's Committee to Advance Vietnam's Digital Asset Future

DUBAI, UAE,Sept. 17, 2025/PRNewswire/ --Bybit, the world's second-largest cryptocurrency exchange by trading volume, announced the signing of a Memorandum of Understanding (MOU) with the People's Committee ofDa NangCity, the Abu Dhabi Blockchain Center (ADBC), and Verichains Network Security Company Limited. This milestone underscores Bybit's commitment to supportingVietnam'sdigital asset ecosystem and deepening long-term cooperation in buildingDa Nanginto a hub for international finance and innovation.

Da Nang, one ofVietnam'slargest cities and a major economic center, has been approved to deploy a blockchain sandbox — making it a natural location for the country to pilot progressive policies and attract international partnerships in digital assets and blockchain technology. Under the MOU, the partners will jointly support the city's vision to establish an International Financial Center (IFC) through three core pillars:

• Digital asset liquidityto connectDa Nangwith global financial markets.
• Ecosystem connectivityto linkVietnamwith leading international finance hubs.
• Infrastructure securityto ensure a resilient, risk-controlled environment for blockchain innovation.

The partnership is key to translating national strategies into local implementation, ensuring that the IFC model is both policy-flexible and risk-controlled - minimizing exposure to threats targeting digital asset ecosystems.

The MOU underscores mutual commitments.Da Nangwill facilitate administrative procedures for the partners to invest, open offices, and integrate into the IFC. In turn, Bybit and its partners will offer policy consultation on digital assets and blockchain technology, share international best practices, and supportDa Nangin building a modern regulatory framework.

Helen Liu, Co-CEO of Bybit, said:

"Vietnamis 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 supportDa Nang'svision of becoming an International Financial Center. This partnership reflects our belief in building sustainable ecosystems hand in hand with governments, institutions, and trusted partners."

This collaboration builds on Bybit's earlier engagement inVietnam. InApril 2025, Bybit Co-Founder and CEOBen Zhoumet with H.E.Nguyen Van Thang, Minister of Finance ofVietnam, at the Ministry of Finance headquarters inHanoi. During the meeting, Bybit expressed strong support forVietnam'sregulatory sandbox initiative and its vision to establish a safe, transparent, and innovation-friendly digital asset ecosystem. Discussions focused on the Government's plan to launch a pilot sandbox mechanism to test the issuance and trading of crypto assets in a controlled environment, with robust safeguards such as Anti-Money Laundering (AML) and Know Your Customer (KYC) protocols to protect investors and strengthen financial security.

Today's MOU marks a natural continuation of these efforts, reaffirming Bybit's role as a long-term partner inVietnam'sdigital transformation journey.

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About Bybit

Bybit is the world's second-largest cryptocurrency exchange by trading volume, serving a global community of over 70 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance atBybit.com.

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