Spacecoin, DETI sign exclusive Vietnam MOU targeting $100M

Spacecoin has signed a three-year exclusive memorandum of understanding with Vietnam’s DETI Technology to develop and distribute a decentralized satellite telecommunications stack in Vietnam. The partners aim for at least $100 million in annual revenue once the project reaches commercial operation serving Mobifone and Gtel.

DETI will act as Spacecoin’s sole partner for cooperation, development and distribution in Vietnam during the three-year exclusivity period. The exclusivity begins only after the deployment secures official operating licenses and regulatory approvals are obtained.

The companies plan a phased rollout that starts with satellite-based connectivity and includes licensing and later deployment of blockchain and Edge AI services to mobile network operators and other service providers.

The technology package combines decentralized satellite links to provide coverage without relying on a single operator or fixed ground infrastructure; sovereign routing to keep data-routing decisions under local control; Edge AI to process data near where it is created, reducing latency and the cost of moving large data sets; and blockchain for settlement and network coordination. Spacecoin described the stack as designed to integrate with existing operator infrastructure rather than replace it.

Initial commercial deployments will target Mobifone and Gtel. Spacecoin estimates the Vietnam program can generate at least $100 million in annual revenue once fully operational and cited Vietnam’s young, mobile-first population and government focus on digital infrastructure as reasons for selecting the market.

Spacecoin has tested its network with CTC-1 satellites already in orbit and reported end-to-end trials that included sending blockchain-based messages from Earth to space and back. The company uses those tests to demonstrate interoperability among satellite links, on-ground routing and blockchain settlement procedures ahead of wider rollouts.

The agreement is part of Spacecoin’s expansion into other emerging markets. The company is engaged in partnership talks and technical tests with operators and governments in Kenya, Nigeria, Indonesia and Cambodia.

If licensing and deployment proceed on schedule, the partnership would offer an alternative way for operators to expand connectivity into urban, rural and remote areas without building entirely new terrestrial networks. The plan pairs local routing and distributed computing with satellite links and blockchain-coordinated settlements to manage traffic and network resources.

Tae Oh, founder of Spacecoin, commented, “We’re at the start of a remarkable period for space, with launches and satellite deployments accelerating across the industry. Vietnam is moving early, and that’s exactly the kind of ambition we want to build alongside.”