Gate News message, April 23 — Bonanza Factory, a South Korean compliance solutions provider, has completed a proof-of-concept (PoC) with Vietnam’s Military Commercial Joint Stock Bank (MB Bank) for VND-based deposit and withdrawal integration between the bank and digital asset exchanges, and is now ready for commercial deployment.
The project focused on implementing multiple deposit and withdrawal methods—including virtual accounts, QR transfers, and open banking—in a live operating environment. Bonanza Factory adapted its TranSafer deposit and withdrawal validation solution to Vietnam’s financial system; the solution has previously been used by domestic digital asset exchanges in South Korea for KRW transaction verification. The PoC confirmed that TranSafer can operate stably beyond its original KRW-centric structure, now supporting local currency integration and marking a significant technical advancement in real-time fund flow management and compliance between exchanges and banks.
MB Bank, Vietnam’s major financial institution with approximately 30 million customers, plays a key role in local financial infrastructure development. The validation comes as Vietnam’s government advances digital asset exchange licensing regulations, prompting broader financial sector system upgrades. Bonanza Factory is also discussing deployment of TranSight, its digital asset deposit/withdrawal monitoring and KYT-AML solution, in Vietnam.
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