SCEX Increases Capital by 1,500 Times, Qualifies to Establish Crypto Exchange

SCEX increases capital by 1,500 times, qualifying to establish a crypto exchange. Photo: CafeF

Just over a year after its establishment, Sacom Cryptocurrency Exchange Joint Stock Company (SCEX) has raised its charter capital by 1,500 times, reaching the minimum registration threshold of 10 trillion VND, to apply for a crypto exchange license in Vietnam.

According to updated information on October 14, SCEX adjusted its charter capital from 5 trillion VND to 10 trillion VND. The number of common shares increased from 500 million to 1 billion units, with the par value remaining at 10,000 VND/share. All contributions come from the domestic private sector.

SCEX was established on September 30, 2025, originally as Lộc Phát Vietnam Cryptocurrency Exchange Joint Stock Company (LPEX), with an initial charter capital of 6.8 billion VND. By February 2026, the company raised its capital to 360 billion VND, then to 5 trillion VND by the end of August, and continued to double its registered capital in October.

SCEX is linked to LPS Securities, which has approved the policy to purchase additional shares issued by SCEX. Mr. Nguyễn Duy Khoa currently serves as the Chairman of the Board of Directors for both companies. Mr. Nguyễn Xuân Thái, the son of Mr. Nguyễn Đức Thụy (Bầu Thụy), holds the position of Vice Chairman of the Board of Directors.

SCEX stated that it is developing a system aimed at meeting level 4 information security standards, combining a multi-layer asset custody mechanism and risk management solutions. The company is also developing SCEX Simulator, a simulated trading platform for the "Cryptocurrency Trading Arena" program organized by the VIFC Academy Training Center under the Vietnam International Finance Center in Ho Chi Minh City. The platform has attracted over 60,000 participants after more than three months of implementation.

The capital increase occurs as Vietnam prepares to implement a pilot market for cryptocurrency trading. SCEX is one of five companies with valid applications assessed by the Ministry of Finance for further licensing consideration. Among this group, SCEX is the second company to meet the capital requirement, following CAEX from the VPBank ecosystem. Previously, CAEX also completed its capital contribution of 10 trillion VND with participation from founding shareholders VPBankS, LynkiD, and two strategic investors OKX Ventures and HashKey Capital.

Resolution 05/2025/NQ-CP stipulates that at least 65% of the charter capital must be contributed by institutional shareholders, of which over 35% must come from at least two organizations in the groups of commercial banks, securities companies, fund management companies, insurance companies, or technology enterprises. Contributing organizations must also be profitable for two consecutive years and have audited financial statements with an unqualified opinion.

According to the latest information from the State Securities Commission, May 2027 will be the deadline for pilot companies to complete the remaining conditions, starting from the time they receive their certificates in the initial phase in May 2026. However, it should be noted that this is not the time when all exchanges will launch simultaneously. The operational timeline still depends on each company's ability to meet capital requirements, technological infrastructure, and licensing documentation.

According to VietNam Finance

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