The DePIN project Spacecoin has signed an exclusive agreement with Vietnamese tech company DETI Technology to deploy decentralized satellite infrastructure.
Spacecoin has signed a $100M exclusive partnership to bring decentralized satellite infrastructure to Vietnam.
We launched real satellites. Now we're adding another national telecom market with our ideal customers.
Here's what we're building, and why Vietnam is a big deal. š§µ pic.twitter.com/c2aVSQLqSJ
ā Spacecoinā¢ š°ļø (@spacecoin) June 4, 2026
The parties have signed a memorandum of understanding aimed at achieving annual revenue of at least $100 million once the project reaches commercial operation.
This initiative targets the largest mobile operators in VietnamāMobifone and Gtel.
The agreement includes the launch of a stack of four technologies:
- decentralized satellite telecommunications;
- sovereign routing (for local traffic control);
- blockchain (for payments and network coordination);
- Edge AI (data processing on-site with minimal latency).
The memorandum grants DETI exclusive rights to distribute and develop Spacecoin technologies in Vietnam for three years, starting after the startup receives its official operating license in the country.
The company emphasized that the agreement secures a single partner in the Vietnamese market and involves jointly building the network and its commercial model.
Spacecoin founder Te O noted that Vietnam will be the first site for the large-scale implementation of these solutions due to the active digitalization of its economy. The project plans to scale this model to other developing markets in the future.
In March, Starcloud CEO Philip Johnston announced that the Nvidia-backed company plans to launch a satellite equipped with ASIC miners on board.