Vietnam's blockchain platform U2U Network listed on US digital asset exchange Kraken

On October 13, U2U Network, a Layer-1 Blockchain platform developed by a team of Vietnamese engineers, was officially announced by Kraken (a Tier-1 digital asset exchange based in the US) to list the U2U token. According to the plan, U2U will start trading on Kraken on October 17. This is one of the notable milestones of "Make in Vietnam" blockchain technology, a domestic project that meets the strict listing standards of the world's leading exchange.

Báo Thanh niên•13/10/2025

U2U Network is backed by SSI Digital (SSID) - a member of SSI Securities Corporation - along with international funds such as KuCoin Ventures, Chain Capital and technology partner AWS. The support of financial institutions helps U2U raise the standard of transparent operations, creating a connecting rail between traditional finance and digital assets.

U2U Network is built on a DAG structure that optimizes speed and is EVM compatible, helping developers deploy quickly. The network achieves over 17,000 transactions/second, finality <1 second, and is positioned on decentralized physical infrastructure (DePIN) for real-world needs such as IoT, data, and digital identity. U2U publicly discloses real-time on-chain performance metrics. The project currently has over 1.4 million global users and 100+ projects that are being and are committed to developing on the platform. Messari ranks U2U in the Top 3 Layer-1 for DePIN, recognizing its pioneering role in building infrastructure associated with real-life applications.

Digital asset exchange Kraken announces listing of U2U Network on October 17

PHOTO: NH

Along with technology, U2U Network also plays a role in connecting and nurturing a new generation of builders through VietBUIDL Hackathon - a blockchain innovation and construction playground with the largest investment fund of 100 billion VND in Southeast Asia and has received the most attention in Vietnam and internationally recently.

Mr. Nguyen Duy Hung, Chairman of the Board of Directors of SSI Securities Corporation, said: "A Vietnamese enterprise that can meet the listing standards on the Tier-1 exchange of the US is a clear proof that we can absolutely create technology that is globally competitive. U2U Network not only represents a successful blockchain project, but also shows the creativity and strategic vision of Vietnamese people in the journey to bring Vietnamese technology to the world ."

With this milestone, U2U Network aims to become the core digital infrastructure for Web3 applications, digital finance, digital transformation in Vietnam, while expanding cooperation with international partners. Being selected by Kraken not only affirms operational and technological standards, but also shows that Vietnamese enterprises can participate in the global value chain with real capacity - step by step, cautiously and sustainably.

Kraken was founded in 2011 in San Francisco (USA). This is one of the oldest digital asset exchanges, famous for its compliance, transparency, and safety. Kraken operates legally in more than 190 countries, under the supervision of financial authorities in the US, Canada, UK, Europe, and Japan. With more than 10 million global users, Kraken is always in the top of the exchanges with the largest trading volume in the world, ranked in the same group as Binance and Coinbase. During its 14 years of operation, Kraken has only listed about 500 tokens, showing a very high level of selectivity.