VNDC completed purchase of 30% stake in TRUSTpay Group, the company that priced VND 100 billion

Today May 5 2021, VNDC Holding Pte. LTD has officially completed the purchase of 30% stake in TRUSTpay Group – the company that priced VND 100 billion. Accordingly, VNDC Holding will become a shareholder of TRUSTpay Group and hold 30% of the company’s shares. This is one of the most important events to promote cooperation between VNDC and reputable domestic enterprises, while continuing to expand many potential investment opportunities for the community.

It is expected that in the near future, VNDC will tokenize 30% of TRUSTpay shares bought back and issued TRUSTpay Token (TPH) at the corresponding ratio: 1% stake is equivalent to 1 million TPH Token. VNDC community has the opportunity to own TPH by buying via VNDC Launchpad and trading directly on VNDC Wallet. When owning TPH with a certain amount, investors will receive annual dividends and full benefits as shareholders holding shares of TRUSTpay.

About TRUSTpay Joint Stock Company

TRUSTpay was established in 2009 according to the Business Registration Certificate No. 1801069372 issued by the Department of Planning and Investment of Can Tho city on September 17, 2009. After nearly 10 years working in the field of Fintech and several years implementing blockchain technology, TRUSTpay found that the application of blockchain technology in fintech field is not onlin an inevitable trend, but it is also a solid foundation in the future for them to create a competitive position in the development of TRUSTpay products and services.

Up to now, the company has invested in a number of outstanding projects such as:

2018: TRUSTPAY became a strategic shareholder of HVA.
2018: TRUSTPAY invested in VNDC project
2020: TRUSTPAY invested in fund management company VNC (Innovative Start-up Investment Fund)
2021: TRUSTPAY invested in TRUSTPAY BLOCKCHAIN – smart wallet and Bitcoin reward application.

In addition, since 2009, TRUSTPAY Joint Stock Company has co-founded and invested more than 20 companies operating in the fields of technology, finance, tourism, health, production, gold, silver and gemstones, e-commerce,… with charter capital of more than 300 billion VND.

Some outstanding partners of TRUSTpay