Việt Nam Advances Real World Assets Tokenization, Targeting $19 Trillion Global Market
Rapid Growth in Digital Asset Inflows and Regulatory Innovation
Việt Nam moves fast into tokens for real items. The global market may hit $19 trillion by 2033. The country gained over $220 billion in digital assets in 2025. This sum is 55% higher than in 2024. The jump shows a swift move in digital finance.
On October 2, 2025, experts met at National Innovation Day. They talked about a new pilot plan that supports tokens for assets. The plan will change market rules and boost the economy. It allows old assets like government bonds, property, and goods to go digital.
Pilot Regulatory Framework for Asset Tokenization and Market Infrastructure
On September 9, 2025, the government passed Resolution 05/2025/NQ-CP. This law sets clear rules for token issuance and trade. The law lets only Vietnamese legal bodies issue tokens. Tokens must stand for real items. They do not stand for shares or money.
Key rules include:
- Licensed Virtual Asset Service Providers must keep at least VNĐ10 trillion in capital.
- Foreign owners may hold up to 49% in these firms.
- Providers must meet Level 4 cybersecurity standards.
- Providers must separate client assets and share data clearly.
- There is a simple process for handling disputes.
Tô Trần Hòa from the State Securities Commission said the law cuts off risky models, raises market trust, and meets global rules. This step builds trust among investors.
Integration with DeFi and International Financial Networks
The token idea is as big as early funds like mutual funds or ETFs. It sends old assets to the blockchain. This process makes trading easier and adds trade flow to digital funds.
Phan Đức Trung of the Vietnam Blockchain & Digital Asset Association said the first trials should use safe assets such as government bonds and treasury bills. He also pointed to ties with firms like BlackRock, Franklin Templeton, HSBC, and JPMorgan. David Chan of Boston Consulting Group said token assets now set a new norm in finance.
Addressing Regulatory Compliance and AML Risks
Việt Nam works on token projects while checking money-laundering risks. Since June 2023, the country has been on the FATF grey list. The list shows risks with crypto wallets, stablecoins, and token goods.
Licensed providers must now:
- Check customer details.
- Watch transactions over $1,000.
- Keep records for at least 10 years.
- Report deals that seem odd.
Officials say unapproved offshore exchanges have been used for scams. Nearly 20,000 cases have hurt people. Losses reached over VNĐ12 trillion (about $500 million) from 2019 to 2024. Domestic rules now help protect buyers and stop fraud.
Challenges and Future Outlook for RWA in Việt Nam
Token markets face real challenges. Laws can be hard to enforce. Cross-border issues add strain. Technical risks also come from data feeds and asset safekeeping. Professor Phan Trung Lý of the National Assembly explained that a mix of firm rules with some flexibility can let tokens push steady economic growth.
Summary
Việt Nam has set a pilot law for tokens that relate to real items. The law builds clear rules and seeks to protect buyers while stopping wrong deals. With ties to global firms and a solid market base, Việt Nam aims to serve as a center for digital funds and token use.
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📝 About This Article
This article was generated by Hivebox AI in collaboration with nGRND.
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