Techcombank speaks out about information about participating in cryptocurrency and blockchain

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Recently, Vietnam Technological and Commercial Joint Stock Bank (Techcombank - stock code: TCB) held its Annual Shareholders' Meeting. The event attracted attention not only from shareholders but also from the financial sector, especially when Techcombank first clearly mentioned its orientation related to blockchain and digital assets.

During the discussion, Mr. Ho Hung Anh, Chairman of Techcombank's Board of Directors, shared information to clarify recent reports about the bank's participation in building a digital asset exchange, developing blockchain platforms, and implementing payment network systems. According to Mr. Hung Anh, these are no longer unfamiliar areas worldwide and have been studied and integrated into development strategies by many large financial institutions during digital transformation.

The Techcombank Chairman emphasized that with rapidly changing technology trends, the bank will inevitably seek opportunities to participate in new platforms like blockchain and digital payment systems, under appropriate legal frameworks. He also stated that Techcombank hopes to contribute to building and owning digital platforms in the future when the legal environment is complete and conditions permit.

However, Mr. Ho Hung Anh noted that specific participation decisions will need approval from state management agencies. Once official approval is received, Techcombank will fully and transparently disclose this to investors and customers.

The message from Techcombank's Board Chairman indicates that the bank is proactively capturing digitalization trends, with ambitions to expand activities into advanced financial technology fields like blockchain, digital assets, and payment networks, aiming to strengthen its competitive position in the future financial ecosystem.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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