23/02/2026
The multi-million dollar assets of Vietnamese entrepreneurs in the digital asset sector are not solely derived from speculation; they are also formed from technology products.
Vietnam is currently among the countries with a high level of participation in the digital economy and digital assets High in Asia. It is estimated that around 15–20 million Vietnamese people have participated in or are currently participating in digital asset transactions, with the total annual transaction value reaching hundreds of billions of USD if international platforms are included. These figures show that digital assets are no longer an experimental field, but have become an important component of the economy, opening up entirely new avenues for wealth accumulation.
In the context of a rapidly developing digital economy, a segment of technology entrepreneurs in Vietnam are accumulating assets worth millions, even tens of millions of USD. Notably, the majority of this wealth does not come from quick-profit deals, but is accumulated through technology products, digital infrastructure, and sustainable financial systems operating over time.
This is not an isolated phenomenon, but reflects a profound shift in asset structure – from tangible assets to technology, data, and system ownership.
There are many models that tech entrepreneurs approach. One common model is developing technology products aimed at the global market. Simply put, the business may be headquartered in Vietnam, but the product is designed to serve users worldwide. The founder's asset value lies not in annual profits, but in ownership of the technology and product ecosystem.
Sky Mavis – the company behind Axie Infinity – is a prime example. From the beginning, Axie Infinity wasn't built solely for the Vietnamese market, but aimed at a global gaming community. The founder's wealth stems from owning game technology, an NFT ecosystem, and its own blockchain infrastructure, reflected in international funding rounds totaling over $150 million.
Another model is building digital financial infrastructure and ecosystems. If technology products are like "selling," then infrastructure is like "building roads" for money and transactions to pass through. These businesses typically charge small fees per transaction, but benefit from ever-increasing market scale.
In the blockchain field, Coin98 and Kyber Network are notable examples. Coin98 develops wallets and tools that help users access various blockchains, while Kyber Network builds liquidity infrastructure for digital asset trading. The founding team's assets are accumulated through ownership of the ecosystem, rather than short-term profits.
In addition, there are B2B and data-driven financial models, which receive less media attention but are highly sustainable. Companies like Bassal Pay focus on cross-border payments and settlements for businesses, while Trusting Social uses AI and big data to provide credit scoring for financial institutions in multiple countries. With these models, assets are generated from long-term contracts, accumulated data, and scalable infrastructure.
The reality is that despite accumulating significant wealth, many digital entrepreneurs in Vietnam have yet to appear on traditional wealth rankings. This isn't because they don't exist, but because their assets are primarily held in private company shares, technology ownership, or tokens – assets that are difficult to value at any given time and are not publicly listed.
However, in the technology and investment world, these names are real and recognized through funding rounds, business valuations, and their roles in the ecosystem. It could be said that the assets have been formed, but the system for measuring and recognizing them in society is still lagging behind reality.
Eric Vuong
Co-founder and CEO of FUNDGO Innovation and Startup Investment Fund
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