According to Bloomberg, Kasikornbank, Thailand’s second largest bank, is developing a digital asset ecosystem to provide financing avenues for companies. Pipit Aneaknithi, co-president of Kasikornbank, said the bank is advising some clients to issue tokens for financing. Thailand’s securities regulator has developed token issuance policies as part of a broader digital asset rulebook. Pipit said Kasikornbank will proceed with caution and in compliance with regulatory requirements, adding that the time is now ripe for healthy expansion after appropriate regulatory measures have been implemented in many countries.