Vietnam’s leading tech firm FPT and investment firm VinaCapital have teamed up to launch a new Low Altitude Economy (LAE) Alliance, while U2U Network, a Vietnam-developed Layer-1 blockchain platform, is set to have its token U2U listed on Kraken, a US-based Tier-1 digital asset exchange.
VinaCapital, FPT launch Low Altitude Economy Alliance
Vietnamese tech firm FPT and investment firm VinaCapital have teamed up to launch a new Low Altitude Economy (LAE) Alliance, aiming to turn the country into a global hub for drone technology and related industries.
The alliance was co-founded by FPT CEO Nguyen Van Khoa and VinaCapital CEO Don Lam, who serve as chairman and vice-chairman, respectively. Tran Anh Tuan, CEO of the Vietnam Unmanned Aerial Vehicle Network, also holds a vice-chair role.
The initiative aims to develop a national strategy for Vietnam’s low-altitude economy and lay the groundwork for the large-scale commercialisation of drone technologies.
The low-altitude economy refers to activities within airspace below 1,000 metres, including unmanned aerial vehicles (UAVs), electric vertical take-off and landing (eVTOL) aircraft, and supporting technologies such as AI and semiconductors.
According to Morgan Stanley, the global LAE market could reach US$9 trillion by 2050.
U2U Network to list token on crypto exchange Kraken
U2U Network, a Vietnam-developed Layer-1 blockchain platform, is set to have its token U2U listed on Kraken, a US-based Tier-1 digital asset exchange. Trading is scheduled to begin on October 17, 2025, according to Kraken’s official announcement.
The company claims that the listing marks a significant milestone for Vietnam’s blockchain industry, as U2U Network becomes one of the first locally developed blockchain projects to meet the stringent listing requirements of a top global exchange.
Kraken, known for its transparency, compliance, and security, operates legally across more than 190 countries under regulatory oversight from the US, Canadian, British, European, and Japanese financial authorities. The exchange serves over 10 million global users and consistently ranks among the top platforms by trading volume, alongside Binance and Coinbase.
U2U Network claims to process over 17,000 transactions per second with finality under one second, targeting Decentralized Physical Infrastructure Networks (DePIN) applications across IoT, data, and digital identity.
U2U Network is backed by SSI Digital (SSID) — the digital arm of Vietnam’s leading brokerage SSI Securities — along with global investors including KuCoin Ventures, Chain Capital, and AWS as a technology partner.
