VNDC, Vietnam’s first digital asset trading platform, was launched last week, facilitating connection, transaction and exchange of digital currencies.
The platform serves as a financial transaction platform whose activities include giving loans, calling for community loans, and issuing gift vouchers.
Transactions on the platform which are all involved in online contracts use “VNDC” as an internal digital currency.
Digital Asset Management Holding, the operator of VNDC, said in a white paper that each VNDC unit which is backed by a dong held in the reserves of the company’s partner banks.
VNDC owners may use their contracts to exchange or transfer their digital currency units and other digital assets on the trading platform trustdex.io, a convenient place to buy and sell cryptocurrencies.
Besides, they have the right to transfer their contracts to TRUSTPay JSC at a fixed exchange rate with a dong equaling to a VNDC unit.
Platform users are able to digitalise their assets, including money, gold, real estate, and corporate assets through blockchain technology, the world’s leading software platform for digital assets.
Earlier, HVA Investment JSC approved a board resolution to acquire all stakes of TRUSTcard JSC, a branch of TRUSTPay JSC. HVA and its strategic partner TRUSTPay that are also co-founders of the VNDC platform will work together to set up the former’s Fintech projects.
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