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A New Kind of Collateral for Vietnam’s Small Businesses For years, Vietnamese tech founders and small manufacturers have faced a common roadblock: they need capital to grow, but banks demand land titles or factory buildings as collateral—assets many startups simply don’t own. A draft amendment now under public consultation could rewrite that rulebook. Vietnam’s Ministry of Finance has proposed expanding legal collateral to include digital assets, virtual assets, and intellectual property, opening a path for crypto portfolios and tokenized IP to back business loans. According to the original report published by WuBlockchain via Vietnam News Agency, the proposal is embedded in a draft revision of the Law on Support for SMEs. It explicitly lists future-formed assets, property rights, and digital and virtual assets among acceptable forms of collateral for bank loans, alongs
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Key Insights JPMorgan CEO Jamie Dimon criticized stablecoin provisions in the latest CLARITY Act draft. Banks continue arguing that crypto firms should face the same standards as deposit-taking institutions. Additional lobbying efforts could slow the bill’s path through Congress. The CLARITY Act faces renewed pressure from the banking sector as lawmakers continue debating a federal framework for digital assets. The latest opposition came from JPMorgan Chase CEO Jamie Dimon, who criticized provisions related to stablecoins and argued that crypto companies offering bank-like services should operate under comparable regulatory requirements. Banks Continue Challenging Stablecoin Rules Banking industry concerns remain centered on stablecoins and yield-bearing products. According to Dimon, firms that accept customer funds or offer products that resemble traditional deposits sho
The post Vietnam Proposes Allowing SMEs to Use Digital Assets as Loan Collateral appeared on BitcoinEthereumNews.com.
Vietnam’s Ministry of Finance has proposed letting small and medium-sized enterprises use digital assets, virtual assets and intellectual property as collateral for bank loans. The proposal is part of a draft revised Law on Support for SMEs, which is open for public consultation, according to a Friday report by Vietnam News. Under the framework, businesses could secure loans using future-formed assets, property rights, intangible assets and digital or virtual assets. SMEs and household businesses account for more than 98% of all enterprises in Vietnam, yet outstanding loans to the segment represent only around 20% of total bank credit in the economy, per the report. The Ministry attributed the imbalance to a lack of eligible collateral, limited financial transparency and the small capital base of most SMEs. Many startups and technology-driven companies hold valuable sof
The post Vietnam Eyes Crypto Loans for SMEs Policy Shift appeared on BitcoinEthereumNews.com.
Vietnam proposes allowing SMEs to use digital assets, virtual assets, and IP as loan collateral under draft law. Vietnam’s Finance Ministry has proposed a policy change that could allow small and medium-sized enterprises to use digital assets, virtual assets, and intellectual property as bank loan collateral. The plan, now under public consultation, could widen credit access for private firms and technology startups that lack land or other fixed assets. Vietnam Reviews New Loan Collateral Rules According to Viet Nam News, the Ministry of Finance has added the proposal to a draft amendment to the Law on Support for SMEs. The draft would expand the types of assets that banks may accept when firms apply for loans. The proposal includes future-formed assets, property rights, intellectual property rights, intangible assets, digital assets, and virtual assets. It also covers other lawful assets unde
Vietnam proposes allowing SMEs to use digital assets, virtual assets, and IP as loan collateral under draft law. Vietnam’s Finance Ministry has proposed a policy change that could allow small and medium-sized enterprises to use digital assets, virtual assets, and intellectual property as bank loan collateral. The plan, now under public consultation, could widen credit […]
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The post Vietnam may let SMEs use digital assets to unlock bank loans appeared on BitcoinEthereumNews.com.
Vietnam’s Ministry of Finance has proposed allowing small and medium-sized enterprises to use digital assets, virtual assets and intellectual property as collateral for bank loans. Summary Vietnam’s draft allows SMEs to pledge digital assets, virtual assets and IP for bank loans. SME loans reached only 20% of total credit despite firms representing 98% of businesses national. The plan pushes banks toward cash flow and credit-rating lending beyond real-estate collateral requirements alone. The proposal is part of the draft revised Law on Support for SMEs, which is open for public consultation, according to Viet Nam News. The plan would widen the type of assets that businesses can use when applying for bank loans. Under the draft, SMEs could use assets formed in the future, property rights, intellectual property rights, intangible assets, digital assets, virtual assets and other law
The post Crypto walked so banks could run appeared on BitcoinEthereumNews.com.
The following is a guest post and opinion from Ben Nadareski, Co-founder & CEO of Solstice . Institutions were never going to arrive in crypto the way crypto wanted them to. No stampede into governance tokens. No CFO proudly announcing that idle treasury had been rotated into volatile assets. No pension fund committee suddenly speaking fluent DeFi. That was always the fantasy version. The real version is less theatrical and far more important. Institutions will not buy crypto as a belief system. They will instead use it as infrastructure. Not because banks cannot copy the code. They can. But because they cannot copy the jungle that made the code useful: the speed, failure, pressure, and live-market iteration that web3 has been refining in public for years. The Code Was Never the Moat That is the part the institutional crypto debate keeps missing. The advantage of web3 is not that banks are technically incapa
