Hanoi, July 22 -- Domestic securities firms, investment funds, and prominent technology companies both in and outside Vietnam are actively positioning themselves to tap into the country's growing digital asset and cryptocurrency market.

Policy mindset shifts

Recently, Dragon Capital announced a proposal for a pilot project to tokenise an exchange-traded fund (ETF). If approved by regulators, investors could purchase fund certificates using various forms of payment, including cryptocurrencies like Bitcoin. With Bitcoin prices surpassing 120,000 USD globally and several countries accepting it as a means of payment, the proposal has drawn significant attention.

In Vietnam, while digital assets were initially recognised in the legal framew...