Techcom Securities (TCBS)-backed Techcom Crypto Exchange JSC (TCEX) has completed a capital increase to VND10 trillion ($389.39 million), meeting the minimum capital requirement to participate in Vietnam’s crypto exchange pilot program.

Following the move announced on Wednesday, TCBS will hold an 11% stake in the company. TCEX said it has also completed the necessary legal documentation and achieved Level 4 information security certification, positioning it to meet key requirements for joining the pilot program.

Under Vietnam’s regulations, companies seeking to operate digital asset exchanges must have a minimum charter capital of VND10 trillion. At least 35% of the capital must be held by at least two…