Another new cryptocurrency company, headquartered at LPBank

(Dan Tri) - A crypto asset company entering the market is headquartered at LPBank, where Mr. Nguyen Duc Thuy is Chairman of the Board of Directors.

According to business registration information, Loc Phat Vietnam Crypto Asset Exchange Joint Stock Company (LPEX) was established on September 30 with an initial charter capital of VND 6.8 billion.

The company's head office is located at LPBank Building, 210 Tran Quang Khai, Hoan Kiem Ward, Hanoi City. This is also the head office address of Loc Phat Vietnam Commercial Joint Stock Bank (LPBank).

LPEX's founding shareholder structure includes 3 individuals: Mr. Duong Van Quyet holds 40% of capital, Ms. Nguyen Thi Bich Ngoc owns 30% and Mr. Vu Phat Dat holds 30%.

The largest shareholder is Mr. Duong Van Quyet, born in 1989, a former shareholder at Thaigroup.

Thaigroup is a company associated with the name of Mr. Nguyen Duc Thuy, Chairman of the Board of Directors of LPBank. Thaigroup was previously the parent company of Thaiholdings Joint Stock Company, however, after a share issuance transaction to exchange shares, Thaiholdings became the parent company of Thaigroup with an ownership ratio of over 80%. To date, this ownership ratio has decreased to 48%.

LPBank Building (Photo: LPBank)

Recently, a series of banking and securities giants have simultaneously established crypto-asset exchanges, signaling a new "race" in the Vietnamese digital financial market. Some of the units that can be mentioned are HDBank , VPBank, MB, SSI Securities, VIX Securities...

According to Resolution 05 of the Government , Vietnam will pilot the crypto market for 5 years, then continue to operate until new regulations are issued. Activities in the crypto asset market that are being piloted include offering and issuing crypto assets, organizing trading markets and providing services.

According to the resolution, a digital asset exchange must have a minimum capital of VND10,000 billion, of which at least 35% is held by two or more organizations in the banking, securities, fund management, insurance or technology groups.

In addition, shareholders and capital contributing members that are organizations must have legal status and profitable business operations for 2 consecutive years prior to the year of requesting a license; the financial statements of the 2 previous consecutive years of the capital contributing organization must be audited and the audit opinion must be an opinion of full approval.

Source: https://dantri.com.vn/kinh-doanh/them-mot-cong-ty-tien-ma-hoa-moi-tru-so-dat-tai-ngan-hang-lpbank-20251002163753745.htm