SSI Partners with Tether, U2U Network, and AWS to Build Vietnam’s Digital Financial Infrastructure

On June 20, 2025, SSI Digital Ventures signed an investment agreement with U2U Network, while its affiliates – SSI Asset Management (SSIAM) and SSI Digital (SSID) – partnered with Tether, U2U Network, and Amazon Web Services (AWS). This marks a significant milestone in developing Vietnam’s digital financial, blockchain, and cloud infrastructure.

Key Components of the Collaboration

1. SSID & Tether MOU
   SSIAM and SSID signed a memorandum of understanding (MOU) with Tether – the world’s largest stablecoin issuer (USDT), boasting over $155 billion in market cap and 440 million users globally. The partnership aims to develop digital asset infrastructure and share technological expertise in Vietnam (baodautu.vn).
2. SSI Digital Ventures & U2U Investment
   SSI Digital Ventures committed to investing in U2U Network, a Layer‑1 blockchain project focused on practical Web3 applications such as DePIN (Decentralized Physical Infrastructure Networks) and decentralized computing. U2U offers high-speed peer-to-peer transaction processing and supports real-world infrastructure and real-world assets (RWA) applications (baodautu.vn).
3. Hybrid Infrastructure Collaboration
   A tripartite MOU was signed between SSID, AWS, and U2U Network to co-develop a hybrid infrastructure combining cloud computing services and decentralized networks. This infrastructure is intended to support future digital finance, data management, and e‑government applications (baodautu.vn).

Strategic and Regulatory Context

• Vietnam’s Push for Digital Economy
  This partnership is a landmark effort uniting local financial institutions, blockchain companies, and a global cloud provider to build flexible, secure, scalable digital infrastructure—advancing the country’s broader digital economy and e‑government ambitions (thoibaotaichinhvietnam.vn).
• Supportive Legal Framework
  The collaboration comes at an opportune time: blockchain has officially been recognized as a national strategic technology via Decision No. 1131/QĐ‑TTg, and the Digital Industry Law was passed on June 14, 2025. These legal frameworks formally acknowledge digital and crypto assets, creating a clearer, more transparent environment for such developments (vneconomy.vn).

Voices from the Leaders

• Quỳnh Lê, Director of Asia-Pacific Development at Tether, remarked that Tether is building inclusive digital financial tools and views Vietnam as being at a “pivotal moment.” The company aims to bring its global experience, tech expertise, and infrastructure network to Vietnam (thoibaotaichinhvietnam.vn).
• Trang Phùng, CEO of U2U Network, emphasized that U2U is built to help traditional enterprises develop and deploy Web3 models without having to build from scratch. With nearly 2 million users and 80+ dApps, U2U is now among the top‑3 DePIN Layer‑1 networks globally (baomoi.com).
• Eric Yeo, CEO of AWS Vietnam, described the collaboration as a “historic moment” in Vietnam’s digital transformation—highlighting the synergy of cloud computing, DePIN tech, and SSID’s financial expertise as the foundation of a new digital ecosystem (baodautu.vn).

Summary:
On June 19–20, 2025, SSI’s ecosystem (SSIAM, SSID, SSI Digital Ventures) formally collaborated with Tether, U2U Network, and AWS. The strategic alliance includes building digital asset infrastructure, investing in U2U’s blockchain, and developing a hybrid cloud‑decentralized platform—all supported by recent legal recognition of blockchain and digital assets in Vietnam.