Business
Embed Financial Group Holdings Pte Ltd (EFGH) is forming a joint venture with Digital Asset Protection HHP High-Tech Center Joint Stock Company to build VNL1, a national blockchain infrastructure platform for Vietnam. This marks EFGH's first national-scale business venture in Asia and is expected to catalyze other 'finternet' projects in the region and Africa. EFGH has also entered into a definitive business combination agreement with a U.S.-listed SPAC at a pro forma enterprise value of approximately USD 425 million, ahead of a proposed listing on a major U.S. exchange.
Apr 17, 2026 · 7 articles