DePIN project Spacecoin has entered into an exclusive agreement with Vietnamese tech firm 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. 🧵 pic.twitter.com/c2aVSQLqSJ
— Spacecoin™ 🛰️ (@spacecoin) June 4, 2026
The parties signed a memorandum of understanding aiming for annual revenue of at least $100 million once the project reaches commercial operation.
The initiative targets Vietnam’s largest mobile operators, Mobifone and Gtel.
The agreement includes the launch of a stack of four technologies:
- decentralized satellite telecommunications;
- sovereign routing (for local traffic control);
- blockchain (for network coordination and transactions);
- Edge AI (for on-site data processing with minimal latency).
The memorandum grants DETI exclusive rights to distribute and develop Spacecoin technologies in Vietnam for three years, starting once the startup receives an official operating license in the country.
The company emphasized that the agreement secures a single partner in the Vietnamese market and involves joint network construction and commercial model development.
Spacecoin founder Tae Oh noted that Vietnam will be the first site for large-scale deployment of these solutions due to the country’s active digitalization. The project plans to expand this model to other emerging markets in the future.
Back in March, Starcloud CEO Philip Johnston announced that the Nvidia-backed company plans to launch a satellite equipped with ASIC miners.