Baker McKenzie Vietnam has advised OKX, a global cryptocurrency exchange and Web3 technology company, on its strategic investment in Vietnam Prosperity Crypto Asset Exchange Joint Stock Company (CAEX).
Led by Ho Chi Minh City-based partner Chris Milliken and senior associate Vu Quynh Trang Nguyen, the firm’s team assisted OKX on all aspects of the transaction, including regulatory advice, transaction documentation and negotiations.
Manh Hung Tran, managing partner of BMVN International, which has a strategic alliance with Baker McKenzie Vietnam, provided regulatory, product and commercial advice with special counsel Nguyen Huu Tuan, senior associate Le Thu Minh and associate Dang Minh Tan.
Baker McKenzie Vietnam special counsel Thuy Van Pham advised OKX on payment law advice.
Under the strategic investment, OKX will become strategic partners with CAEX alongside founding Vietnamese shareholders VPBankS and LynkiD, with HashKey Capital also participating in the investment.
OKX and other shareholders will also pledge capital to CAEX to ensure it meets the minimum requirement of VND10 trillion (USD379 million) to participate in the Vietnamese government’s pilot programme for regulated crypto asset trading.
CAEX is a regulated crypto trading platform that focuses on compliant VND-based digital asset trading.
