Comparison & glossary
Six things that look alike — and are legally different
Use these definitions in every product screen, contract and disclosure.
| What it is | Who may provide | Key risk | What it is NOT | |
|---|---|---|---|---|
| (a) Fiat bank deposit | A repayable money obligation of the bank. | Only a licensed bank. | Bank credit risk; VIFC member banks are outside Viet Nam deposit insurance. | Not crypto; crypto cannot be an eligible deposit. |
| (b) Crypto custody / vault | Safekeeping of client-owned assets. | Licensed custodian / asset service provider. | Operational, cyber and insolvency-segregation risk. | Not a deposit; no interest; not reused. |
| (c) Crypto Earn / yield | Client assets put to work via lending, staking or strategies. | Separately permissioned provider. | Investment, borrower and smart-contract risk; no guaranteed return. | Not savings, not a deposit rate. |
| (d) Fiat credit collateralised with BTC/ETH | A money loan secured by pledged crypto. | Bank or licensed credit provider. | Price volatility, liquidation, collateral enforceability. | Not a sale of crypto; ownership stays with borrower subject to pledge. |
| (e) Digital asset lending (e.g. USDC) | Lending a token, repaid in the same token. | Separate perimeter; often professional clients only. | Issuer, depeg and counterparty risk. | Not fiat credit. |
| (f) Receivables / tokenised goods as secured trade finance | Financing secured on goods, documents or receivables; a token may record them. | Bank + independent verifiers + document custodian. | Fraud, double pledge, quality, logistics. | Title is not transferred merely by minting a token. |