Reinforcing its banking innovation leadership, KASIKORNBANK FINANCIAL CONGLOMERATE unveils orbix INVEST, with its digital asset fund management service to commence in July

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Mitihoon-    KASIKORNBANK (KBank) is advancing its digital asset strategy with the upcoming launch of orbix INVEST – a digital asset fund manager. The company has obtained a license to operate a digital asset fund management business from the Ministry of Finance under the supervision of the Securities and Exchange Commission (SEC). With its commitment to offering services that comply with the required standards, the company highlights its expertise and leadership in banking innovation, aiming to enhance the digital asset ecosystem within KASIKORNBANK FINANCIAL CONGLOMERATE and support the growth of the digital asset market.

Mr. Pipit Aneaknithi, President of KASIKORNBANK, said, “KBank is dedicated to building a robust digital asset ecosystem through its management structure. Through the operation of Unita Capital Company Limited, a subsidiary within KASIKORNBANK FINANCIAL CONGLOMERATE, the Bank aims to enhance services within the digital asset ecosystem. The launch of orbix INVEST, a digital asset fund manager, provides a new option for investors.” Other companies under Unita Capital which already operate within KASIKORNBANK FINANCIAL CONGLOMERATE include:

  • orbix, a digital asset exchange that has attracted interest from a diverse range of investors since its acquisition by KASIKORNBANK FINANCIAL CONGLOMERATE late last year.
  • orbix TECHNOLOGY, which offers blockchain infrastructure services to support Thai entrepreneurs and partners in the real sector in creating blockchain-based innovations; these services are now available.

Additionally, orbix CUSTODIAN has been established to provide digital asset custody services. The company is now preparing to apply for a license to operate business as a digital asset custodian.

orbix INVEST obtained a digital asset fund management license from the Ministry of Finance under the supervision of the Securities and Exchange Commission (SEC) in January 2024. This marks a significant step in expanding the scope of its services to enhance the digital asset ecosystem within KASIKORNBANK FINANCIAL CONGLOMERATE. orbix INVEST addresses the needs of investors by introducing digital asset fund management strategies formulated by the company and developing a user-friendly application. The company plans to officially launch its services in July, highlighting its expertise in two key areas:

  1. Service Provision: orbix INVEST prioritizes reliable and secure services, while offering products that align with investors’ specific needs and risk appetite.
  2. Management: The company arranges for work systems that meet regulatory standards, supported by experienced personnel to enhance service efficiency.

Mr. Pipit added that orbix INVEST offers solutions for investors to allocate their investments in accordance with their risk tolerance. Investment in digital assets, among various asset classes, through orbix INVEST caters to investors seeking portfolio management or risk diversification into digital assets. Investors can confidently access digital assets as a new alternative asset class, assisted by a team of experts – both fund managers and a professional support team. The company’s services will be available in July.

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