Global Stock News

OKX Ventures, HashKey Capital backing enables Vietnam crypto platform’s pilot scheme bid

OKX Ventures, HashKey Capital backing enables Vietnam crypto platform’s pilot scheme bid

OKX Ventures and HashKey Capital have agreed to invest in Vietnam’s cryptocurrency trading platform CAEX, a move the exchange said would give it enough capital to join the country’s regulated pilot scheme for digital asset trading.

The combined capital injection from OKX Ventures and HashKey Capital, which would be deployed in April, aimed to help CAEX – officially known as Vietnam Prosperity Cryptocurrency Asset Exchange Joint Stock Company – reach the minimum charter capital threshold of 10 trillion Vietnamese dong (US$380 million) to participate in the official cryptocurrency trading pilot, according to CAEX’s announcement on Friday.

Under the pilot rules, at least 65 per cent of that capital must come from institutional…

Source link

Share this article

Scroll to Top