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Sunday, May 5, 2024

Thailand’s Kasikornbank Enters Crypto Space with New Platform


Thailand’s Kasikornbank Pcl, the country’s second-largest bank, is developing a digital-asset ecosystem to provide innovative funding routes for companies, according to a Bloomberg report. This move includes the October acquisition of the licensed digital-asset exchange Satang Corp, marking a rare instance of a major lender purchasing a crypto trading platform. Kasikornbank is also focusing on blockchain technology and custodial services for virtual tokens. Kasikornbank’s co-president, Pipit Aneaknithi, revealed in a Bloomberg interview that the bank



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