Thailand’s Kasikornbank, the country’s second largest bank, is planning to support tokenized securities or crypto token issuances. The bank acquired a cryptocurrency exchange Satang in October.
Bloomberg reported Kasikornbank’s Co-President Pipit Aneaknith as saying it is advising clients to issue tokens for fund raising. “We’re serious about developing a digital-asset ecosystem that will be very cost efficient compared with existing, traditional platforms,” he said. Companies will pay a yield on the tokens.
The bank also has a blockchain division and provides digital asset custody.
Article continues …
Want the full story? Pro subscribers get complete articles, exclusive industry analysis, and early access to legislative updates that keep you ahead of the competition. Join the professionals who are choosing deeper insights over surface level news.
