The new custody service will be just the latest in the bank's new digital asset and AI activities.
Thailand’s Kasikornbank, its second-largest bank by assets, intends to launch orbix Custodian as the country’s first licensed digital asset custodian, Kasikornbank, also known as KBank, announced. orbix Custodian obtained a Digital Asset Custodian license from the Ministry of Finance and will be supervised by the Securities and Exchange Commission (SEC).
The orbix Custodian’s license was granted on Sept. 13 but only announced two weeks later. The business is expected to begin operations in early 2025.
The launch of the custody service is the latest in a series of moves Kasikornbank has made in the crypto space. President Pipit Aneaknithi said in a statement:
