Ho Chi Minh City, October 21, 2025 – Vietnam’s U2U Network has achieved a major breakthrough with the listing of its native token, $U2U, on Kraken, one of the world’s most trusted cryptocurrency exchanges. Trading began on October 17, 2025, at 2 PM UTC, marking a defining moment for Vietnamese blockchain innovation and strengthening the country’s position as a rising crypto hub in Southeast Asia.

A Victory for Vietnamese Technology

Built from the ground up by a team of Vietnamese engineers, U2U Network embodies the spirit of the national “Make in Vietnam” initiative. The platform combines advanced Directed Acyclic Graph (DAG) technology with full Ethereum Virtual Machine (EVM) compatibility, enabling fast, scalable, and low-cost transactions tailored for Decentralized Physical Infrastructure Networks (DePIN).

With more than 1.4 million users worldwide and over 100 active projects in its ecosystem, U2U has proven its real-world utility across data indexing, cross-chain interoperability, staking, and decentralized governance through its Delegated Proof of Stake (DPoS) model.

Securing a spot on Kraken — an exchange known for its rigorous security, compliance, and selective listings — is a powerful endorsement. Operating in over 190 countries with a user base exceeding 10 million, Kraken has listed fewer than 500 tokens in its 14-year history. For U2U, this debut validates years of transparent development and sustainable growth.

“This listing is a strategic milestone,” said Chloe Phùng, co-founder and CEO of U2U Network. “We set out to prove that Vietnam can build world-class blockchain infrastructure with real applications, real users, and genuine value — and today, we’ve done just that.”

Backed by prominent investors including SSI Digital Ventures (the blockchain arm of Vietnam’s top brokerage, SSI Securities), KuCoin Ventures, Chain Capital, and powered by AWS as a key technology partner, U2U has raised $13.8 million to fuel its expansion.

Global Access, Enhanced Liquidity

The Kraken listing dramatically improves $U2U’s accessibility for international traders. Deposits are accepted via the ERC-20 standard on Ethereum, with native token bridging supported through Owlto Bridge to prevent errors. The token continues to trade actively on other major exchanges including Bitget, KuCoin, MEXC, Gate.io, and BingX.

With a total supply of 10 billion tokens and a public sale in August 2024 that raised $300,000 at $0.006 per token, $U2U now benefits from deeper liquidity and exposure to Kraken’s institutional-grade user base.

Vietnam’s Growing Role in Global Crypto

Vietnam is rapidly emerging as a blockchain powerhouse. Ranked third globally for crypto profitability and second for ownership adoption, the country is advancing its National Blockchain Strategy with initiatives like NDChain and a forward-looking digital asset regulatory framework.

U2U has played a central role in this ecosystem, co-hosting the VietBUIDL Hackathon with HackQuest — a $4 million developer competition drawing global talent to build in DePIN, AI, and Web3 infrastructure.

Nguyễn Duy Hưng, Chairman of SSI Securities, praised the achievement: “A Vietnamese project meeting the standards of a top-tier U.S. exchange proves we can compete globally. U2U represents not just a successful blockchain — but the vision, creativity, and determination of Vietnamese talent.”

Industry recognition continues to grow, with Messari ranking U2U among the top three global DePIN Layer-1 networks for real-world infrastructure impact.

Looking Ahead

While challenges like market volatility and evolving regulations remain, U2U’s Kraken listing provides a compliant gateway to regulated markets. The team plans to expand DePIN integrations, launch subnet nodes for decentralized resource sharing, and deepen community-driven growth through ongoing developer programs.

A New Chapter for Vietnam in Crypto

The $U2U debut on Kraken is more than a token listing — it’s a symbol of Vietnam’s arrival on the global blockchain stage. By combining homegrown innovation with institutional trust, U2U is helping position Vietnam as a leader in the next generation of decentralized technology.

For traders, builders, and investors worldwide, one message stands clear: Vietnam is building the future — and it’s just getting started.

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