Pyramid

Strong

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Thailand’s second-largest financial institution, KASIKORNBANK (KBank), has received a license from the Ministry of Finance to launch a regulated digital asset custody service under the orbix CUSTODIAN brand. This new venture will operate under the guidance of <a href="https://www.sec.or.th/EN" rel="noopener noreferrer nofollow">the country’s Securities and Exchange Commission (SEC)</a> and aims to serve Thai digital asset businesses. With the licensing approval secured, the bank is preparing its systems to begin operations by early 2025.
<h2 class="p1" id="expanding-digital-asset-services-through-orbix-custodian">Expanding Digital Asset Services Through orbix CUSTODIAN</h2>
KASIKORNBANK’s entry into the digital asset space is part of its broader strategy to strengthen its presence in the sector. The orbix CUSTODIAN service is being developed by Unita Capital, a subsidiary fully owned by the KBank conglomerate. In October of last year, KBank acquired a local <a href="https://insidebitcoins.com/buy-cryptocurrency/best-crypto-exchanges" rel="noopener noreferrer nofollow">cryptocurrency exchange</a> and rebranded it as orbix TRADE. The bank also established separate orbix subsidiaries for other functions, including custody and investment management.
The orbix group encompasses various divisions, such as orbix INVEST, which officially started its fund management operations in July, and orbix TECHNOLOGY, which focuses on building blockchain infrastructure. These entities support the bank’s comprehensive approach to providing a range of digital asset services and solutions.
<h2 class="p1" id="strategic-investments-and-venture-building-in-the-digital-financial-sector">Strategic Investments and Venture Building in the Digital Financial Sector</h2>
According to Mr. Pipit Aneaknithi, President of KBank, <a href="https://www.kasikornbank.com/en/news/pages/launch-of-orbix-custodian.aspx" rel="noopener noreferrer nofollow">the launch of orbix CUSTODIAN</a> is a significant step toward boosting the security of digital assets in Thailand. He emphasized that the new custodian service will play a critical role in supporting the country’s digital asset businesses. “This will lay a strong foundation for the further development of digital financial infrastructure, promoting Thailand as a digital economy hub and advancing the country’s digital industry,” Mr. Pipit added.
Beyond digital assets, KASIKORNBANK has been active in the tokenization of traditional financial products and services. The Thai bank joined forces with Citi in a funding round for BondbloX, a Singapore-based platform offering fractional bond trading. In addition, KBank launched KXVC, a $100 million venture capital fund in September, targeting investments in web3, <a href="https://insidebitcoins.com/buy-cryptocurrency/best-defi-coins" rel="noopener noreferrer nofollow">decentralized finance (DeFi)</a>, and artificial intelligence (AI) ventures.
Apart from these investments, KBank is also involved in venture-building activities. One of its latest projects includes Ainu, a digital identity verification platform aimed at improving security and compliance in the digital space. With these initiatives, KBank aims to become a key player in the emerging digital financial ecosystem of Thailand, supporting both traditional and digital financial innovations.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 🇹🇭<a href="https://twitter.com/hashtag/KASIKORNBANK?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#KASIKORNBANK</a> to launch first <a href="https://twitter.com/hashtag/Thai?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Thai</a> regulated digital asset custodian:
 Using the Orbix custodian brand, Kbank will provide <a href="https://twitter.com/hashtag/DigitalAssets?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#DigitalAssets</a> services under the supervision of the Securities and Exchange Commission (SEC). With the obtained license, the bank is now readying its… <a href="https://t.co/aSrJHUCeQA" rel="noopener noreferrer nofollow">pic.twitter.com/aSrJHUCeQA</a>
 — Urs Bolt 🇨🇭🇵🇭 (@UrsBolt) <a href="https://twitter.com/UrsBolt/status/1841757370944520424?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">October 3, 2024</a>
</blockquote>
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<h2 class="p1" id="flockerz-a-community-driven-meme-coin-with-strong-growth-potential">Flockerz – A Community-Driven Meme Coin with Strong Growth Potential</h2>
Flockerz is an emerging meme coin that stands out by putting a strong emphasis on community involvement and decentralization. Unlike typical meme coins, Flockerz aims to shift control of the project to its community through the establishment of FlockTopia, a decentralized autonomous organization (DAO) with a voting mechanism that incorporates earning potential. This setup allows <a href="https://insidebitcoins.com/visit/flockerz" rel="noopener noreferrer nofollow">Flockerz (FLOCK) token holders to participate in shaping the project’s future</a> while gaining annual percentage yield (APY) benefits.
The FlockTopia DAO structure is designed to empower the community by <a href="https://insidebitcoins.com/visit/flockerz" rel="noopener noreferrer nofollow">offering a Vote-to-Earn system</a>, giving holders of the FLOCK token the right to vote on project decisions while earning rewards. With 25% of the total token supply allocated to staking, Flockerz provides opportunities for token holders to benefit from staking rewards as well as from their participation in the project’s development.
What makes Flockerz stand out in the meme coin sector is its innovative approach, combining community governance with earning potential, a rarity among meme coins. Additionally, Flockerz’s unique backstory and lore contribute to its appeal as one of the most promising meme coins in the current crypto landscape. The project emphasizes decentralization and the need to share power, creating a narrative that resonates well within the broader cryptocurrency community.
Flockerz also brings a fresh mascot into the meme coin genre—a flock of blue hens—giving meme enthusiasts a new theme to build creative and humorous content around. The incorporation of this distinct mascot and the underlying concept of distributing power make Flockerz a noteworthy contender among emerging meme coins, offering both entertainment value and potential for growth.
The combination of community empowerment, staking rewards, and its Vote-to-Earn mechanism positions Flockerz as a unique project with a high growth potential in the meme coin space. By giving token holders a say in the project’s direction and offering staking incentives, Flockerz could attract both meme coin enthusiasts and those looking for a more community-centered investment opportunity.
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KASIKORNBANK Obtains Approval to Launch Thailand’s First Regulated Digital Asset Custody Service

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