Vietnam's NDAChain powers first cross-border on-chain settlement in trust infrastructure breakthrough

mBridge pushed the same permissioned-chain + verified-credentials model to MVP with China/HK/Thailand/UAE in 2024, so "first" here means first for the ASEAN corridor. Vietnam-Indonesia clears ~$14B in bilateral trade annually — a real corridor worth building for — but SWIFT gpi already settles intraday and mBridge clears same-day. A two-CA sandbox between sovereign issuers has to beat both benchmarks before the corridor actually routes volume through it.

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