Vietnam's securities regulator frames crypto and tokenized assets as a digital-economy pillar, Indonesia's OJK-licensed Floq raises US$11.3m, and Green GSM lands a 2bn-peso PNB facility to bank its EV-driver fleet

Vietnam's Securities Regulator Calls Crypto and Tokenized Assets a Pillar of Its Digital Economy

At a market-development conference in Hanoi reported on June 6, State Securities Commission (SSC) Vice Chairman Bui Hoang Hai said crypto assets and the tokenization of real-world assets (RWAs) are gradually becoming a key component of Vietnam's digital economy. The remarks came as Hanoi builds out the legal framework for the pilot crypto-asset trading platforms authorized under Government Resolution No. 05/2025/NQ-CP.

Hai cited industry projections that Vietnam's tokenized-asset market could reach US$70-80 billion by 2030, against a global figure of US$19 trillion by 2033. Vietnam already ranks seventh worldwide by crypto users and fifth by transaction growth. He stressed that durable market development depends on transparency, risk governance and investor protection — the conditions the SSC says it intends to impose before moving offshore trading onto licensed domestic venues.

Indonesia's OJK-Licensed Floq Raises US$11.3m as Regulated Retail Crypto Scales

Floq, an Indonesian digital-asset platform licensed by the Financial Services Authority (OJK), raised US$11.3 million — roughly Rp203 billion — from backers including Ascent HFX Group and MD Capital. The platform says it has passed 1.8 million registered users less than a year after launching in 2025, and counts among the licensed Digital Financial Asset Traders operating under Indonesia's regime after oversight passed from commodity regulator Bappebti to the OJK.

Floq said the capital is earmarked for technology infrastructure, cybersecurity, product development and regulatory compliance — the cost base a regulated exchange now has to carry in Indonesia.

Green GSM Lands a 2bn-Peso Philippine National Bank Facility to Bank Its EV-Driver Fleet

Green GSM Philippines — the ride-hailing arm tied to Vietnam's VinFast electric-vehicle ecosystem — secured a 2-billion-peso (about US$32 million) credit facility from Philippine National Bank to expand its all-electric fleet. Beyond the credit line, PNB will provide digital account management and payment systems for Green GSM's driver network through its corporate banking platform.

The deal landed the same week Hanoi-based Web3 recruitment platform BlockchainWork raised a roughly US$142,000 seed round from Japanese strategic investors — small in dollar terms, but another marker of the capital and operating corridors knitting Vietnam, the Philippines and Japan together.

Eyes on the Day Ahead

With Vietnam's SSC publicly committed to the pilot framework, the next gate to watch is the implementing licensing criteria for crypto-asset platforms under Resolution 05/2025 — and which of the bank-backed applicants surface first. In Indonesia, the OJK's tightening disclosure regime for licensed traders is the development to track as more platforms raise growth capital. Nothing market-moving is firmly calendared in the next 24 hours; the nearer-term catalysts sit in the regulatory pipeline across the coming days.