Thailand’s second-largest lender, Kasikornbank (KBank), has made its intentions clear: it wants to dominate the Southeast Asian digital asset market.
New trademark filings reveal the banking giant is prepping a proprietary stablecoin wallet ecosystem, a logical next step after acquiring the Satang Pro exchange (now Orbix). This goes beyond simple corporate branding; it marks a fundamental shift in how traditional finance (TradFi) approaches blockchain infrastructure.
They aren’t just experimenting anymore. They’re deploying.
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The strategy is fairly transparent. By locking down IP rights for custodial and non-custodial interfaces, KBank is effectively constructing a “walled garden” for digital Thai Baht and tokenized assets. It mirrors a wider trend where banks issue stablecoins to bypass SWIFT friction for instant, on-chain settlement. But there’s a catch.
As institutions build
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