14TH NATIONAL CONGRESS OF THE COMMUNIST PARTY OF VIETNAM

Vietnam-based blockchain startup secures US$4 million investment from US

Phi Nhat

Apr 21, 2021 / 04:21 PM

The fresh investment aims to contribute to perfecting infrastructure of decentralized finance (DeFi).

Vietnam-based startup in blockchain, Coin98 Finance has received a US$4 million investment from Alameda Research, one of the leading quantitative crypto trading firms and liquidity providers, to expand its scale, create new products and contribute to perfecting infrastructure of decentralized finance (DeFi).

Headquarter of Coin98 Finance in Vietnam. Photo: Coin98 Finance

Coin98 Finance focuses on building a comprehensive ecosystem of DeFi protocols and applications across multiple blockchains. The startup is developing Coin98 Wallet, Coin98 Exchange, and other fascinating DeFi products.

“Alameda Research strengthens our vision to reach vast expansion and adoption through its extensive support. With Alameda Research's investment, our team will begin to scale up and swell resources to boost all products in development and innovate additional products to contribute to maturing the DeFi infrastructure,” a representative from Coin98 Finance said.

Earlier, Coin98 Labs, a DeFi product builder focusing on creating and developing an ecosystem of DeFi protocols and applications on multiple blockchains, announced the completion of a US$1.25 million seed round led by ParaFi Capital, Multicoin Capital, Hashed and Spartan Group for its second product, Coin98 Exchange.

Coin98 Finance has over 200,000 users primarily in Southeast Asia and its monthly volume is about $20 million.

Vietnamese EV startup raises US$2.6 million in pre-Series A funding

17 Apr, 18:06

The startup wishes to replace 250 million gasoline motorbikes with electric scooters in Southeast Asia.

Vietnamese proptech startup raises US$1 million in pre-series A round

04 Mar, 22:32

The startup plans to use the new funds to further develop its products and expand across the country.

Vietnam to tax crypto asset transfers at 0.1%

This approach mirrors the current tax calculation applied to securities transactions.

05 Feb, 04:53 PM

Hanoi craft exhibition showcases Tet goods as shopping demand rises

Featuring 100 booths, the exhibition brings together artisans and businesses from Hanoi and neighboring provinces, presenting handicrafts, gifts, decorations and specialty foods, while promoting craft villages and stimulating consumption ahead of the 2026 New Year.

05 Feb, 01:14 PM

Vietnam establishes support body for International Financial Center Council

Beyond internal coordination, the support body undertakes international cooperation, information and communication activities.

05 Feb, 01:04 PM

Hanoi draws US$102 million in foreign direct investment during January

Strong investor activity continued in the capital at the start of the year, as a mix of new projects, capital adjustments and share acquisitions helped reinforce Hanoi’s role in sustaining Vietnam’s positive foreign investment trend.

04 Feb, 10:22 PM

Vietnam pushes rural e-commerce expansion to narrow digital divide nationwide

As Vietnam’s e-commerce market accelerates, attention is shifting toward how national policies and platform-led initiatives can help smaller localities overcome structural barriers, bringing digital trade opportunities to mountainous, border and rural communities.

04 Feb, 09:22 PM