Thailand’s Ministry of Finance has licensed its second largest bank, KASIKORNBANK (KBank) to provide digital asset custody using the orbix CUSTODIAN brand. It will provide services to Thai digital asset businesses under the supervision of the Securities and Exchange Commission (SEC). With the license under its belt, the bank is now readying its systems for launch in early 2025.
orbix CUSTODIAN is a subsidiary of Unita Capital, which in turn is owned by the KBank conglomerate. Last October KBank group acquired a local crypto exchange and rebranded it to orbix TRADE.
At the time it created orbix branded subsidiaries for custody and investment. The fund manager orbix INVEST began operations this July. It also has another division, orbix TECHNOLOGY, to provide blockchain infrastructure.
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