Vietnamese digital asset investment app licensed in Europe

After the success of Axie Infinity, it can be seen that Vietnamese startups are becoming more and more confident when they start to dare to “conquer” in difficult markets.

A Vietnamese startup called ONUS has officially received a license to exchange digital assets in Lithuania, a Nordic country better known as Lithuania.

ONUS is a financial technology startup (Vietnam) whose main product is ONUS – an application specializing in digital asset investment. The ONUS app was first launched on March 23, 2020.

This license will enable ONUS to provide crypto-asset trading operations, custody services, digital asset storage wallets and portfolio management to users globally under the supervision of regulatory agencies. regulatory body in Lithuania.

The ONUS application is a Vietnamese Fintech startup with about 1.5 million users. Photo: Trong Dat

As one of the earliest members of the European Blockchain Partnership (EBP), Lithuania joined the declaration in support of the cross-border delivery of digital public services, while complying with established standards. set up for security and privacy.

With the newly approved license, the Vietnamese startup will be able to expand its operations to other European countries, except for those with separate regulations.

According to Mr. Nguyen Quang Chien – CEO of ONUS, it is essential to comply with government regulations related to cryptocurrencies. ONUS’s policy is committed to complying with the legal regulations of the government.

“We are always ready to coordinate with legislative agencies to consult and contribute ideas to build an appropriate legal framework for crypto activities in all countries with our presence.” Mr. Chien said.

As of the beginning of this year, about 90% of ONUS’s users are from Vietnam, besides some other markets such as Nigeria, India, Philippines, Indonesia… Obtaining a license to operate in Lithuania will help ONUS expands the market and reaches closer to users in European countries.

Previously, at the end of 2021, the ONUS application was named by Bloomberg when it reached 1.5 million users based on downloads on two popular operating systems, Android and iOS.

It is expected that in September 2022, this Fintech startup will officially launch the ONUS Pro digital asset trading platform. This is a trading platform with high performance and great liquidity, serving the professional investor community around the world.

In fact, in the past 1 year, Vietnamese startups have been very active in “bringing the bell to beat the country”.

Before the case of ONUS, a Vietnamese Blockchain game startup Titan Hunters also became a phenomenon when it reached the top trending on Twitter in Japan. Even, the number of players in Japan accounts for 65% of gamers who often play this game.

It can be seen that, after the success of Axie Infinity, Vietnamese startups are becoming more and more confident when “fighting” in difficult markets. Although there are still many barriers, conquering difficult markets is a prerequisite for domestic startups to go global. This will also open up more opportunities for the development of Vietnam’s digital economy.

Trong Dat


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