# MIMO > Digital asset transformation solutions MIMO is a licensed digital asset conversion service in Da Nang, Vietnam. It lets users convert USDT to Vietnamese dong and back through a non-custodial process. MIMO is a licensed digital asset conversion service that facilitates transfers between USDT and Vietnamese dong. It operates under a non-custodial model, meaning users retain control of their private keys and wallets rather than depositing funds with the platform. The service targets individuals, international visitors, and startups in Da Nang seeking a compliant way to move value between digital assets and local currency. The platform addresses a gap in regulated conversion options for stablecoins by requiring electronic identity verification and issuing electronic invoices for each conversion, aligning with local reporting requirements. Functionally, users link a bank account and a crypto wallet, and the system screens the wallet before processing a conversion, after which funds move directly between the user's own accounts rather than through pooled custodial balances. It operates within a government approved testing framework that limits its service area to specific locations. MIMO's core offering is USDT to Vietnamese dong conversion in both directions, supported by identity verification and wallet screening features. It is used by residents, tourists, and emerging businesses in Da Nang who need a compliant bridge between digital assets and everyday currency, and its scope may expand to additional cities as the testing framework evolves. - Type: Company - Sector: Payments - Status: Active - Founded: 2025-12-18 - Profile: https://thegrid.id/profiles/mimo ## Products - [MIMO](https://thegrid.id/profiles/mimo): MIMO is a licensed on/off ramp platform for converting between USDT and fiat Vietnamese dong. It operates under a non-custodial model where users retain control of private keys, combined with eKYC identity verification and AML/KYT transaction monitoring. Conversions use QR-based flows and generate electronic invoices in line with local regulatory requirements. The service targets local users and visitors seeking compliant access to digital assets within an approved sandbox zone. (On/Off Ramp, Live, Main Product) ## Links - [Blog](https://dragonlab.com.vn/news) - [Privacy policy](https://dragonlab.com.vn/Chinh_Sach_Bao_Mat.pdf) - [Terms of Service](https://dragonlab.com.vn/Dieu_Khoan_Su_Dung.pdf) - [Main](https://mimo.dragonlab.com.vn) - [Twitter / X](https://x.com/DragonlabVN) - [YouTube](https://www.youtube.com/@DragonLab_VN) - [Telegram](https://t.me/MIMOByDragonLab) ## Legal This data is provided under two licensing models. Model 1 - open data. 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