Da Nang tests 4 controlled technology solutions to convert digital assets to VND

An Thượng |

Da Nang - The City People's Committee has just issued 4 decisions approving the implementation of time-limited controlled trials for new technology solutions.

In Decision No. 3809/QD-UBND, the City People's Committee approved the time-limited controlled trial implementation of the new technology solution "Smart Tourism Finance Application PayD" of PAYD Joint Stock Company. The trial implementation period is 18 months from August 22, 2026.

In Decision No. 3810/QD-UBND, the City People's Committee approved the implementation of controlled trials for a limited time for the new technology solution "TORA - Intermediary for converting digital assets (USDT) to legal currency (VND) and vice versa, integrating the Non-custodial service payment gateway" of DANOVA LABS Joint Stock Company. The trial implementation period is 36 months from August 22, 2026.

In Decision No. 3811/QD-UBND, the City People's Committee approved the time-controlled trial implementation of the new technology solution "Umi Pay - Non-depositing technology intermediary solution supporting digital asset conversion (Stablecoin USDT/USDC) to legal currency (VND) and vice versa, integrating conversion support features to serve tourism and service ecosystems in Da Nang city" of ICETEA SOLUTION Digital Asset Services Joint Stock Company. The trial implementation period is 36 months from August 22, 2026.

In Decision No. 3812/QD-UBND, the City People's Committee approved the time-limited controlled trial implementation of the new technology solution "Multiline external settlement infrastructure on the cryptocurrency asset platform" of Money X-Border Co., Ltd. The trial implementation period is 24 months from August 22, 2026.

Solutions are being tested at Software Park No. 1, No. 2 Quang Trung, Hai Chau ward, Da Nang city; Software Park No. 2, Nhu Nguyet street, Hai Chau ward, Da Nang city; and Da Nang Center for Startup Support and Innovation, No. 58 Nguyen Chi Thanh, Hai Chau ward, Da Nang city.

The Department of Science and Technology is the guiding and controlling agency for the testing process for the above solutions.

An Thượng
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