Thailand's second-largest bank, Kasikornbank, plans to introduce orbix Custodian as the nation's initial licensed digital asset custodian. The Ministry of Finance granted orbix Custodian a Digital Asset Custodian license, with oversight from the Securities and Exchange Commission (SEC). The license was issued on Sept. 13 and publicly disclosed two weeks later, with operations set to commence in early 2025. Kasikornbank has been actively involved in the cryptocurrency sector, with orbix Custodian being part of its digital-focused Unita Capital subsidiary. The bank also operates orbix Invest and orbix Technology, including the orbix Trade platform. Recently, orbix Technology launched the Q-Bond project, issuing bonds on the Quarix blockchain. Additionally, Kasikorn Business Technology Group (KBTC) is collaborating on Project SEALD to develop large language models in Southeast Asia. The initiative aims to create models in various languages, including Thai, Indonesian, and Burmese. Read more AI-generated news on: https://app.chaingpt.org/news