Visel Standard Signs Token Securities MOU with Vietnamese Fintech Company

Signed in Hanoi During President Lee Jaemyung's State Visit to Vietnam
Economic Delegation Accompanies the Agreement

Visel Standard, the operator of the token securities (STO) platform PIECE, announced on April 24 that it has signed a memorandum of understanding (MOU) with Vietnamese fintech (finance + technology) company MoneyFi. The agreement was signed in Hanoi during the economic delegation's visit to Vietnam as part of President Lee Jaemyung's state visit. The main focus of the agreement is to share technology standards and design structures for issuing Vietnamese real-world assets using Korean token securities frameworks.

MoneyFi will be responsible for sourcing local real-world assets in Vietnam, as well as handling local regulatory compliance and operations. Visel Standard will take charge of issuing and structuring these assets within the Korean institutional token securities framework. Distribution will be managed by Visel Standard's Singaporean subsidiary, BSFX. The two companies are aiming to launch a pilot project in the second half of this year.

Shin Beomjun, CEO of Bysell Standard (left), and Tran Minh Duy, Vice President of MoneyFi, are posing for a commemorative photo after signing a business agreement for Korea-Vietnam token securities cooperation. Bysell Standard

Visel Standard plans to use this agreement as an opportunity to expand cooperation with institutional financial institutions in Vietnam.

Shin Bumjun, CEO of Visel Standard, said, "The fact that Korea and Vietnam are both advancing digital asset legislation at the same time means that the conditions for cross-border cooperation are being established. We will work together to find concrete ways to connect the two markets through this collaboration."

This content was produced with the assistance of AI translation services.