The State Securities Commission of Vietnam has officially announced that crypto assets and tokenized real-world assets are now included in the country’s formal digital economy framework. Authorities revealed that a regulated crypto market is being prepared, with full launch expected in the third quarter of 2026.
Legal recognition granted to digital assets
According to the Commission, the Vietnamese Digital Technology Industry Law took effect as of January 1, 2026, recognizing digital assets as legitimate property. This provides a clearer legal foundation for digital asset ownership, aiming to reinforce investor protection and institutional confidence.
Additionally, under the government decree numbered 05/2025/NQ CP, a five-year pilot program for licensed crypto asset trading platforms was introduced nationwide. Officials stated that this framework will enable the market to develop in a controlled manner while guaranteeing legal recognition of digital asset ownership.
The State Securities Commission of Vietnam emphasized that crypto assets and tokenized real-world assets are now key pillars of the nation’s digital economy.
Regulatory framework and market design
Bùi Hoàng Hải, Vice Chairman of the State Securities Commission of Vietnam, explained during a Hanoi conference attended by regulators, banks, and blockchain associations that the country has established a legal framework for its emerging digital financial markets. As the main authority, the Commission leads the regulation of Vietnam’s capital markets.
Discussion topics included anti-money laundering measures, custody infrastructure, cyber security risks, and investor protection. Officials highlighted the necessity for a transparent market structure and stronger security provisions to ensure sustainable growth.
Mini glossary: Tokenization means converting ownership or economic rights of an asset into a digital token on the blockchain. Custody refers to the secure storage of private keys for crypto assets.
Under draft proposals, licensed virtual asset service providers will anchor the local trading ecosystem. In time, all transactions are expected to take place through approved domestic platforms operating in Vietnamese dong. The framework also aims to facilitate market access for foreign investors through licensed exchanges, while still allowing users to maintain assets in their personal wallets.
Bùi Hoàng Hải noted that healthy growth in digital financial markets will require a transparent ecosystem along with robust investor protection mechanisms.
High expectations for tokenized asset growth
Authorities view tokenized real-world assets as an essential component of future financial infrastructure. Sectors likely to benefit include real estate, gold, infrastructure projects, data centers, energy, and ports. Experts say this approach can enable fractional ownership of high-value assets, making markets more liquid.
Projections suggest the global tokenized asset market could reach $19 trillion by 2033, with Vietnam’s local market potential estimated to grow to between $70 billion and $80 billion by 2030.
| Indicator | Data |
|---|---|
| Regulated market target in Vietnam | Q3 2026 |
| Pilot program duration | 5 years |
| Vietnam tokenized asset market projection | $70 billion to $80 billion by 2030 |
| Global market projection | $19 trillion by 2033 |
Vietnam now ranks seventh worldwide in crypto adoption and fifth in transaction growth. Officials also drew attention to the expansion of Bitcoin ETF products and noted that digital asset trading volume in the Asia Pacific region is nearing $2.4 trillion.
