Thailand’s second-largest bank, Kasikornbank, plans to launch the country’s first compliant digital asset custody service

BlockBeats news, October 1, according to Cointelegraph, Kasikornbank (KBank), the second largest bank in Thailand by assets, plans to launch orbitx Custodian as the country's first licensed digital asset custodian. Orbitx Custodian has obtained a digital asset custodian license issued by the Ministry of Finance and will be regulated by the Thai SEC.

Orbitx Custodian's license was obtained on September 13, but it was announced two weeks later that the business is expected to begin operations in early 2025.