According to TechFlow, on October 1, Cointelegraph reported that 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, with the business expected to begin operations in early 2025.