VBSN Vietnam Blockchain Service Network (BaaS & RWA)

VMatrix, renamed from 1Matrix in August 2026 and based in Hanoi, develops the Vietnam Blockchain Service Network (VBSN), a multi-chain blockchain infrastructure built under a commitment made at Vietnam's sixth national forum on digital technology enterprises in January 2025. It aims to give Vietnam control over core blockchain technology, data and digital assets for financial institutions, enterprises and public agencies.

VBSN provides Blockchain-as-a-Service: organisations can spin up a Layer-1 chain with validator nodes, block explorer, SDK and API gateway instead of building their own network. Business layers include real-world asset (RWA), payment, e-invoice, digital identity and on-chain analytics platforms, with cross-chain bridges and node-as-a-service. Its VNIDChain is an EVM-compatible Layer-1 tested at 5,000 to 20,000 TPS.

• Blockchain-as-a-Service: Launch a full Layer-1 chain with validators, explorer, SDK and API gateway.
• RWA and payment platforms: Business-layer modules for tokenized assets, payments and e-invoices.
• Digital identity and verification: Identity, certificate and document authentication anchored on-chain.
• Cross-chain bridges: Connect VBSN chains with other national and international blockchains.
• On-chain data analytics: Tools to analyse transaction data across the network.
• Hosting options: Private consortium chains can run in domestic data centres or on international cloud.

A securities company can pilot tokenization of real estate or bond assets on a VBSN RWA chain hosted in Vietnam. A bank can anchor e-KYC results and documents on-chain for verifiable audit trails. A payment company can build crypto-to-fiat conversion services, as Basal Pay does with AlphaTrue Solution on VBSN.

Organisations use shared national blockchain infrastructure instead of operating their own network, while keeping data privacy and existing customer systems. A new Layer-1 chain can be launched in under 60 minutes, and VMatrix cites up to 80% savings in application development time and cost. Chains can be hosted in domestic data centres, and VNIDChain is designed to comply with Vietnam's Data Law and Personal Data Protection Law. The network has been audited by CertiK and OAK.

Vietnam is building a legal framework for crypto-assets and real-world asset tokenization, with the State Securities Commission co-hosting the Vietnam RWA Summit in 2026, and Resolution 57-NQ/TW prioritises blockchain as a strategic technology. Banks, securities firms and real estate developers exploring tokenization need domestic, auditable infrastructure that meets data sovereignty rules.

Formerly 1Matrix, renamed VMatrix on 28 August 2026; office at Century Tower, Times City, Hanoi. Chairman Phan Duc Trung also chairs the Vietnam Blockchain and Digital Asset Association. VBSN won Make in Vietnam 2025 recognition and a Sao Khue Award in 2026, is strategically advised by BCG and VBA, and is being trialled with the VNeID platform and Da Nang city.