Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Other Popular Cryptos / Coins => Topic started by: coingabbarmarket on October 31, 2023, 01:02:31 PM
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Kasikornbank Acquires Stake in Thai Crypto Business Satang
One of Thailand's largest banks, Kasikornbank is acquiring a 97% stake in Satang, a local cryptocurrency business, for around $103 million. The move is part of the bank's foray into the cryptocurrency industry.
A major player in Thailand's crypto sector, Satang will rebrand as Orbix Trade Company Limited. The investment will permit Kasikornbank to establish divisions for custody, investment, and blockchain technology.