Thai Bank Paves Way for Companies to Tap Tokens for Funding (1)

Thailand’s second-largest bank is developing a digital-asset ecosystem to provide a funding route for companies, a stance that contrasts with skepticism toward crypto among some mainstream lenders globally.

Kasikornbank Pcl bought the licensed digital-asset exchange Satang Corp. in October as part of the strategy, an unusual instance of an established lender acquiring a crypto trading platform. The bank also has divisions focused on blockchain technology and custodial services for virtual tokens.

Pipit Aneaknithi

Source: Kasikornbank Pcl

“We’re advising some clients to issue tokens for fund raising,” Kasikornbank’s Co-President Pipit Aneaknithi said in an interview on Monday. “We see potential in this market. We’re ...