Kasikornbank (KBank) Group plans to launch a digital asset exchange in November after acquiring a 97% share of Satang Pro, a former local cryptocurrency trading board. KBank Group completed the acquisition with Satang Corp by purchasing Satang Pro and renaming it Orbix. The new cryptocurrency exchange platform will offer secure digital asset trading with world-class data security standards, including ISO 27001 and ISO 27701 certification, as of November 2023, KBank co-president Pipit Aneaknithi said in a statement. The digital asset trading service will be operated by KBank's new subsidiary, Unita Capital Co Ltd, through the company's business unit Orbix, he said. Orbix provides digital asset trading services, including both digital tokens issued and offered via Kubix, also a subsidiary of KBank Group, and other types of digital assets. Mr Pipit said Orbix is focused on ensuring its customers can access appropriate investment products, as well as the development of technological capabilities and operations.
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