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June 19, 2025 – In a landmark move poised to accelerate Vietnam’s emergence as a global Web3 powerhouse, SSI Digital (SSID) – the technology arm of SSI Securities Corporation, Vietnam’s leading financial institution – has officially led the Series A funding round in U2U Network. This strategic investment marks a pivotal moment, not only for U2U Network’s global expansion but also for Vietnam’s ambitious vision to build a “Make in Vietnam” digital infrastructure designed for worldwide impact.
As digital infrastructure becomes the backbone of economic progress, Vietnam is rapidly asserting its position as a leading Web3 hub, boasting a top-five global ranking in blockchain adoption (Chainalysis). The nation’s commitment is further solidified by its National Blockchain Strategy, launched in October 2024, fostering a transparent, secure, and future-ready digital economy.
SSID: A Financial Giant Forges the Future of Web3
SSI Securities Corporation (SSI), with over 25 years of leadership in Vietnam’s financial sector and total assets of approximately USD 3.92 billion as of December 31, 2024, established SSI Digital (SSID) to realize its vision of becoming a comprehensive financial-tech group. SSID is at the forefront of Vietnam’s digital transformation, leveraging expertise in AI, blockchain, distributed systems, data security, and Web3 applications to build platforms for vital sectors like finance, education, healthcare, and agriculture.
“In finance, we’re used to measuring trust with numbers. But with blockchain, trust requires a new metric: the ability to establish decentralized trust,” shared Mr. Nguyen Duy Hung, Chairman of SSI. Through SSID, SSI is actively shaping a tech-finance ecosystem with real impact, complemented by SSIAM’s $200 million SSI Digital Ventures fund (with up to $500 million in co-investment potential) dedicated to cutting-edge blockchain innovation.
U2U Network: Deep Tech Meets Real-World Utility
SSID’s decision to lead U2U Network’s Series A round underscores a shared commitment to building an open, inclusive, and sustainable national digital infrastructure. U2U Network stands out as one of the few Vietnamese-built Layer-1 blockchains gaining international recognition, renowned for its DAG (Directed Acyclic Graph) based and EVM-compatible architecture, which leverages Subnet technology to provide infinite scalability.
Optimized for DePIN (Decentralized Physical Infrastructure Networks), digital assets, and Real-World Asset (RWA) applications, U2U Network boasts impressive performance metrics, including 17,000 Transactions Per Second (TPS) and 850ms finality time, powered by its Helios Consensus.
“We’re not just building a blockchain for Web3 users, we’re building a digital infrastructure that enterprises can easily access and adopt,” stated Ms. Chloe Phung, CEO of U2U Network. Under her leadership, and with a seasoned team from global tech giants like Google, Salesforce, and OKX, U2U Network has rapidly grown to support over 1 million users, 80+ dApps, and 40+ DePIN projects. The platform has also secured listings on major exchanges including Bitget, KuCoin, MEXC, BingX, and Gate.io.
U2U Network’s vision is taking shape through impactful real-world partnerships, such as its collaboration with Staex for decentralized IoT in smart cities, and Nubila for blockchain-based weather data in agriculture and insurance, demonstrating its versatility and tangible value beyond the crypto sphere.
A Shared Vision and Long-Term Strategic Relationship
The partnership between SSID and U2U Network is the culmination of years of collaboration, including co-developing decentralized infrastructure and co-hosting large-scale events like the Digital Asset Summit (DAS) and the Vietnam Tech Impact Summit (VTIS), which attracted over 20,000 attendees.
“We chose U2U not just for their technology, but for their deep market insight and long-term vision. SSID wouldn’t invest to own, we invest in walking alongside partners who share our values and commitment to building sustainable digital infrastructure for the nation’s benefit,” said Mr. Mai Huy Tuan, CEO of SSID.
This Series A investment is more than just capital; it represents a powerful convergence of deep technology and real-world impact. SSID will leverage U2U’s robust infrastructure to build inclusive Web3 platforms and blockchain-based digital asset solutions, while U2U gains the strategic backing needed to scale its DePIN and Web3 services globally.
Ultimately, this collaboration significantly advances Vietnam’s National Blockchain Strategy 2030 and strengthens the country’s position as an emerging leader in global digital innovation. SSID and U2U Network are laying the groundwork for a sustainable digital economy – built in Vietnam, for the world.
About U2U Network:
U2U Network is a DAG-based and EVM-compatible Layer-1 blockchain that leverages Subnet technology to provide infinite scalability, making it ideal for DePIN, digital assets, and Real-World Asset (RWA) applications. With a focus on enterprise adoption and real-world utility, U2U Network is building the foundational digital infrastructure for a globally integrated and sustainable digital economy.
About SSI Digital (SSID):
SSID is the technology arm of SSI Securities Corporation, Vietnam’s leading financial institution. Dedicated to building digital infrastructure and ecosystems, SSID specializes in AI, blockchain, distributed systems, data security, and Web3 applications, driving Vietnam’s digital transformation across key sectors.
Compiled by CMO Intern team
