A Vietnamese blockchain platform gets approval from a US digital asset exchange to list tokens

(NLDO)- U2U Network started trading on Kraken (USA) from October 17, paving the way for Vietnamese technology to enter the US market.

On October 13, U2U Network - a Layer-1 blockchain platform developed by a team of Vietnamese engineers - was officially announced by the Tier-1 digital asset exchange Kraken (USA) to list the U2U token. According to the plan, U2U will start trading on Kraken on October 17.

This is a step forward for “make in Vietnam” technology, when a Vietnamese blockchain project meets the strict auditing standards of one of the world’s leading exchanges.

U2U Network is backed by SSI Digital (SSID) - the technology arm of SSI Securities Company, along with international investment funds such as KuCoin Ventures, Chain Capital and technology partner AWS. The cooperation of leading financial and technological institutions helps U2U operate transparently, safely and connect traditional finance with digital assets, aiming at the model of "controlled decentralized finance".

Mr. Nguyen Duy Hung, Chairman of the Board of Directors of SSI Securities, commented: “A Vietnamese enterprise meeting the standards for listing on the Tier-1 exchange in the US is proof that Vietnamese people are completely capable of creating technology of global stature. U2U Network is not only a successful blockchain project, but also demonstrates Vietnam's creativity and strategic vision in the journey to bring Vietnamese technology to the world.”

SSI Digital-backed U2U Network listed on Kraken (US) digital asset exchange

Kraken, founded in 2011 in San Francisco, is one of the oldest and most reputable digital asset exchanges in the world. It operates legally in more than 190 countries, is regulated by financial authorities in the US, Canada, UK, Europe and Japan, and has more than 10 million users. Kraken is ranked in the same group as Binance and Coinbase, known for its transparency, compliance and security.

Being listed by a Tier-1 licensed exchange in the US and Europe clearly demonstrates U2U Network's technological capabilities, compliance standards and transparency. This is also a rare blockchain project in Southeast Asia that has passed Kraken's rigorous due diligence process.

Ms. Chloe Phung, co-founder and CEO of U2U Network, shared: “We want to prove that Vietnam is absolutely capable of creating an international standard blockchain platform with real users, real applications and real value. Being listed by Kraken is a milestone, but more importantly, it demonstrates our cautious, sustainable and transparent approach when entering the US market.”

Source: https://nld.com.vn/mot-nen-tang-blockchain-viet-nam-duoc-san-giao-dich-tai-san-so-cua-my-chap-thuan-niem-yet-token-196251013154653439.htm