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DUBAI, UAE, Sept. 17, 2025 /PRNewswire/ -- Bybit, the world's second-largest cryptocurrency exchange by trading volume, announced the signing of a Memorandum of Understanding (MOU) with the People's Committee of Da Nang City, the Abu Dhabi Blockchain Center (ADBC), and Verichains Network Security Company Limited. This milestone underscores Bybit's commitment to supporting Vietnam's digital asset ecosystem and deepening long-term cooperation in building Da Nang into a hub for international finance and innovation.
Da Nang, one of Vietnam's largest cities and a major economic center, has been approved to deploy a blockchain sandbox — making it a natural location for the country to pilot progressive policies and attract international partnerships in digital assets and blockchain technology. Under the MOU, the partners will jointly support the city's vision to establish an International Financial Center (IFC) through three core pillars:
- Digital asset liquidity to connect Da Nang with global financial markets.
- Ecosystem connectivity to link Vietnam with leading international finance hubs.
- Infrastructure security to ensure a resilient, risk-controlled environment for blockchain innovation.
The partnership is key to translating national strategies into local implementation, ensuring that the IFC model is both policy-flexible and risk-controlled - minimizing exposure to threats targeting digital asset ecosystems.
The MOU underscores mutual commitments. Da Nang will facilitate administrative procedures for the partners to invest, open offices, and integrate into the IFC. In turn, Bybit and its partners will offer policy consultation on digital assets and blockchain technology, share international best practices, and support Da Nang in building a modern regulatory framework.
Helen Liu, Co-CEO of Bybit, said:
"Vietnam is an inspiring example of a nation embracing digital transformation, and we are honored to contribute to its journey. Bybit is committed to sharing our global expertise in blockchain and digital asset innovation to support Da Nang's vision of becoming an International Financial Center. This partnership reflects our belief in building sustainable ecosystems hand in hand with governments, institutions, and trusted partners."
This collaboration builds on Bybit's earlier engagement in Vietnam. In April 2025, Bybit Co-Founder and CEO Ben Zhou met with H.E. Nguyen Van Thang, Minister of Finance of Vietnam, at the Ministry of Finance headquarters in Hanoi. During the meeting, Bybit expressed strong support for Vietnam's regulatory sandbox initiative and its vision to establish a safe, transparent, and innovation-friendly digital asset ecosystem. Discussions focused on the Government's plan to launch a pilot sandbox mechanism to test the issuance and trading of crypto assets in a controlled environment, with robust safeguards such as Anti-Money Laundering (AML) and Know Your Customer (KYC) protocols to protect investors and strengthen financial security.
Today's MOU marks a natural continuation of these efforts, reaffirming Bybit's role as a long-term partner in Vietnam's digital transformation journey.
#Bybit / #TheCryptoArk / #IMakeIt
About Bybit
Bybit is the world's second-largest cryptocurrency exchange by trading volume, serving a global community of over 70 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.
For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: media@bybit.com
For updates, please follow: Bybit's Communities and Social Media
Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube
DUBAI, UAE, Sept. 17, 2025 /PRNewswire/ -- Bybit, the world's second-largest cryptocurrency exchange by trading volume, announced the signing of a Memorandum of Understanding (MOU) with the People's Committee of Da Nang City, the Abu Dhabi Blockchain Center (ADBC), and Verichains Network Security Company Limited. This milestone underscores Bybit's commitment to supporting Vietnam's digital asset ecosystem and deepening long-term cooperation in building Da Nang into a hub for international finance and innovation.
Da Nang, one of Vietnam's largest cities and a major economic center, has been approved to deploy a blockchain sandbox — making it a natural location for the country to pilot progressive policies and attract international partnerships in digital assets and blockchain technology. Under the MOU, the partners will jointly support the city's vision to establish an International Financial Center (IFC) through three core pillars:
- Digital asset liquidity to connect Da Nang with global financial markets.
- Ecosystem connectivity to link Vietnam with leading international finance hubs.
- Infrastructure security to ensure a resilient, risk-controlled environment for blockchain innovation.
The partnership is key to translating national strategies into local implementation, ensuring that the IFC model is both policy-flexible and risk-controlled - minimizing exposure to threats targeting digital asset ecosystems.
The MOU underscores mutual commitments. Da Nang will facilitate administrative procedures for the partners to invest, open offices, and integrate into the IFC. In turn, Bybit and its partners will offer policy consultation on digital assets and blockchain technology, share international best practices, and support Da Nang in building a modern regulatory framework.
Helen Liu, Co-CEO of Bybit, said:
"Vietnam is an inspiring example of a nation embracing digital transformation, and we are honored to contribute to its journey. Bybit is committed to sharing our global expertise in blockchain and digital asset innovation to support Da Nang's vision of becoming an International Financial Center. This partnership reflects our belief in building sustainable ecosystems hand in hand with governments, institutions, and trusted partners."
This collaboration builds on Bybit's earlier engagement in Vietnam. In April 2025, Bybit Co-Founder and CEO Ben Zhou met with H.E. Nguyen Van Thang, Minister of Finance of Vietnam, at the Ministry of Finance headquarters in Hanoi. During the meeting, Bybit expressed strong support for Vietnam's regulatory sandbox initiative and its vision to establish a safe, transparent, and innovation-friendly digital asset ecosystem. Discussions focused on the Government's plan to launch a pilot sandbox mechanism to test the issuance and trading of crypto assets in a controlled environment, with robust safeguards such as Anti-Money Laundering (AML) and Know Your Customer (KYC) protocols to protect investors and strengthen financial security.
Today's MOU marks a natural continuation of these efforts, reaffirming Bybit's role as a long-term partner in Vietnam's digital transformation journey.
#Bybit / #TheCryptoArk / #IMakeIt
About Bybit
Bybit is the world's second-largest cryptocurrency exchange by trading volume, serving a global community of over 70 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.
For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: media@bybit.com
For updates, please follow: Bybit's Communities and Social Media
Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
Bybit Signs MOU with Da Nang People's Committee to Advance Vietnam's Digital Asset Future
ALULA, Saudi Arabia, Jan. 16, 2026 /PRNewswire/ -- Today marks the official opening of Desert X AlUla 2026, the landmark fourth edition of the international, open-air biennial exhibition. Arts AlUla, in collaboration with Desert X, welcomes visitors to experience a stellar line-up of Saudi and international multi-generational artists whose site-responsive earthworks, sculptures, and installations will engage in a powerful dialogue with the awe-inspiring landscapes and layered heritage of AlUla.
As a premier destination rich in ancient history and breathtaking nature, AlUla, located in Northwest Saudi Arabia, solidifies its position on the global stage as a dynamic, emerging land art destination with Desert X AlUla, the region's first public art biennale, and a key highlight of the AlUla Arts Festival.
The 2026 edition of Desert X AlUla brings together 11 acclaimed artists whose diverse works reflect a wide spectrum of ideas, materials, and traditions. From monumental kinetic sculpture to sound-based explorations above and below ground, each commission is deeply rooted in relationships to AlUla's distinctive environment, further cementing Desert X AlUla's reputation as a globally significant platform for site-responsive land art.
Desert X AlUla runs until February 28, 2026, as a cornerstone of the annual AlUla Arts Festival. Curated by Wejdan Reda, Zoé Whitley, with artistic direction by Neville Wakefield, and Raneem Farsi, its fourth edition explores 'Space Without Measure.' Inspired by Kahlil Gibran, the theme fosters contemplation of imagination within AlUla's natural settings. The exhibition, set in the desert canyons of AlUla, serves as a pre-opening programme for Wadi AlFann, offering a pivotal glimpse into AlUla's plans to create a permanent land art 'Valley of the Arts.'
Hamad Alhomiedan, Director of Arts & Creative Industries at the Royal Commission for AlUla (RCU), said: "At Desert X AlUla 2026, audiences will engage with art that deeply converses with AlUla's unique landscapes and rich heritage. These compelling commissions highlight AlUla's dynamic transformation into a major global destination, where ancient and contemporary expressions converge. This exhibition is part of our broader revitalisation of AlUla as a culturally rich destination to live, work and visit and integral to positioning AlUla in the global dialogue of contemporary art and as a precursor to monumental projects like Wadi AlFann."
Participating artist/artworks are:
- Sara Abdu, A Kingdom Where No One Dies: Contours of Resonance
- Mohammad Alfaraj, What was the Question Again?
- Mohammed AlSaleem, The Thorn, AlShuruf Unit, The Triangles, Flower Bud, and Al Ahilla (courtesy of Royal Commission for Riyadh City)
- Tarek Atoui, The Water Song
- Bahraini-Danish, Bloom
- Maria Magdalena Campos-Pons, Imole Red
- Agnes Denes, The Living Pyramid
- Ibrahim El-Salahi, Haraza Tree
- Basmah Felemban, Murmur of Pebbles
- Vibha Galhotra, Future Fables
- Héctor Zamora, Tar HyPar
For further information, please contact:
Sabrine.Shaw@bursonglobal.com
AlUlaArtsFestival@bursonglobal.com
Multimedia gallery:
High-resolution photos of all 11 artists and their artworks can be found here.
About AlUla and Arts AlUla
Located 1,100 km from Riyadh, in North-West Saudi Arabia, AlUla is a place of extraordinary natural and human heritage. The vast area, covering 22,561km², includes a lush oasis valley, towering sandstone mountains and ancient cultural heritage sites dating back thousands of years to when the Lihyan and Nabataean kingdoms reigned.
The most well-known and recognised site in AlUla is Hegra, the principal southern city of the Nabataean Kingdom and Saudi Arabia's first UNESCO World Heritage Site. AlUla is also home to ancient Dadan, the capital of the Dadan and Lihyan Kingdoms and considered to be one of the most developed 1st millennium BCE cities of the Arabian Peninsula, and Jabal Ikmah, an open air library of hundreds of inscriptions and writings in many different languages. AlUla Old Town Village, a labyrinth of more than 900 mudbrick homes was developed from at least the 12th century and has been revitalised as the vibrant hub for visitors and residents.
The creation of Arts AlUla within The Royal Commission for AlUla (RCU) is a commitment to crafting the next chapters in a millennia of artistic creation – celebrating cultural inheritance and shaping a future inspired by artists built be artists. The work of Arts AlUla seeks to preserve this legacy: fuse the old with the new; the local with the international, keeping the arts central to the spirit of AlUla as a place of extraordinary natural and human heritage.
Wadi AlFann, meaning 'Valley of the Arts,' will be a global cultural destination for land art, unveiling from 2028 onwards, where era-defining works by artists from around the world will be permanently sited in the monumental landscape of AlUla, the extraordinary desert region of north-west Saudi Arabia.
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
Desert X AlUla 2026: monumental land art exhibition opens in the ancient oasis of AlUla
