Kasikornbank (KBank) has acquired Satang Corporation, a local cryptocurrency trading board, as it expands to digital asset operations under a subsidiary. KBank, the country’s second-largest lender by total assets, informed the Stock Exchange of Thailand (SET) on Monday the bank’s board of directors approved establishing Unita Capital Co Ltd to invest in companies that operate digital asset businesses. The Bank of Thailand allowed the bank to change the structure of its financial businesses. KBank was approved by the central bank to set up Unita Capital in March 2022 with registered capital of 3.7 billion baht, 100% held by KBank, investing in companies that operate digital asset businesses, according to the bank’s statement to the SET.
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