G-Group and blockchain ecosystem Ninety Eight (earlier Coin98) on Friday announced the formation of a joint venture—G98 Digital Assets JSC—to develop and apply blockchain technology across their existing digital platforms, targeting Vietnam’s growing digital asset market.
G98 combines G-Group’s experience in tech infrastructure, financial products, and cybersecurity in Vietnam with Ninety Eight’s Web3 expertise, technical capabilities, and global blockchain partner network.
The joint venture will focus on building a secure and scalable blockchain infrastructure, developing compliant and transparent digital asset products, and providing end-to-end blockchain services, including custody, monitoring, and enterprise integration, to enhance operational efficiency and business value.
Vietnam has consistently ranked among the world’s leading markets for digital asset adoption, according to international reports. The sector has also received policy support, with Resolution 57-NQ/TW identifying blockchain as a national strategic technology and a key component of the country’s digital economy infrastructure through 2030.
At the launch event, G98 also signed a strategic cooperation agreement with Tether, a global digital asset infrastructure provider, aimed at sharing technical expertise, operational standards, and international best practices.
Le Thanh, CEO of G98, said the venture reflects a long-term commitment to positioning blockchain as part of Vietnam’s core digital infrastructure rather than a short-term trend.
G-Group is a diversified technology conglomerate in Vietnam, focusing on four core pillars: security industry, digital transformation, fintech, and multimedia communications.
Ninety Eight is a global blockchain ecosystem developing Web3 products and solutions serving millions of users across multiple international markets. The Ninety Eight ecosystem includes wallet platforms, blockchain infrastructure, DeFi products, and solutions that help users access digital assets.
Vietnam is fast-tracking its ambition to bring digital assets within a formal regulatory framework, positioning itself as one of the first countries in Southeast Asia to pilot a state-sanctioned trading platform.
Financial institutions have been quick to respond to the move, launching or announcing plans for exchanges backed by their own capital and networks.
In addition, Techcombank-backed company One Mount Group is committed to investing $200-500 million to deploy a “make in Vietnam” Layer 1 blockchain network and build a national blockchain infrastructure.
SSI Digital (SSID) set up a 1.7-hectare Digital Technology and Blockchain Complex in Hoa Lac Hi-Tech Park with a 700-billion-dong ($26 million) investment.
