KASIKORNBANK (KBank) has introduced orbix CUSTODIAN, which is set to become Thailand’s first licensed digital asset custodian.

The new service, aimed at supporting local digital asset businesses, has received its license from the Ministry of Finance and operates under the supervision of the Securities and Exchange Commission (SEC).

KBank is now finalising its systems ahead of an official launch in early 2025.

orbix CUSTODIAN aims to provide secure, transparent digital asset custody services that comply with regulatory requirements, helping to foster trust and protect investors in Thailand’s growing digital asset market.

KASIKORNBANK has been steadily expanding its presence in the digital asset market.

Through its subsidiary, Unita Capital, the bank has introduced services like orbix, a digital asset exchange, and orbix INVEST, a digital asset fund manager.

Pipit Aneaknithi, President of KASIKORNBANK, said,

“orbix CUSTODIAN will play a crucial role in supporting digital asset businesses, enhancing the security of assets held by the licensed digital asset custodian in Thailand.

This will lay a strong foundation for further development of digital financial infrastructure, promoting Thailand as a digital economy hub and advancing the country’s digital industry, in response to government policy to accommodate future changes in the financial sector.”

Featured image credit: Edited from Freepik

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