[Vietnam Launches Pilot Framework for Crypto Assets, Global Tokenized Asset Market Expected to Exceed $14 Trillion by 2030] Odaily Planet Daily News: The Vietnamese government issued a resolution in September 2025 to launch a national pilot framework for crypto assets. The framework requires crypto assets issued domestically to be backed by real-world assets, excluding securities and fiat currencies, and initially targets foreign investors only. Boston Consulting Group predicts that the global market for tokenized real-world assets could exceed $14 trillion by 2030. The Vietnam State Securities Commission stated that five companies have passed the preliminary evaluation for establishing exchanges. Final approval requires meeting Level 4 information system security standards and maintaining approximately $383 million in registered capital. On July 16, the Vietnamese government issued a decree imposing fines of approximately $1,150 to $1,918 for violations in the crypto asset market. The decree will take effect on September 1. Domestic investors will not immediately face penalties for trading on unlicensed platforms. The requirement to trade only through licensed institutions will take effect six months after the Ministry of Finance issues the first exchange license. (Bitcoin.com News)