Kasikornbank's Financial Business Group Launches Orbix Group to Provide Comprehensive Digital Asset Ecosystem Services in Thailand, Reinforcing Leadership in Digital Assets at the Global Fintech Event Money20/20 Asia
Kasikornbank's Financial Business Group reaffirms its leadership in financial innovation and digital technology by participating in Money 20/20 Asia, a global fintech seminar held from April 22 to 24, 2025, at the Queen Sirikit National Convention Center. The event features global and regional banks, international and Asian payment service providers, technology leaders, investors, venture capital firms, startups, leading regulatory agencies in Asia, and numerous media platforms. Executives from Kasikornbank shared their vision and perspectives on the transformation of the financial industry in the digital age while launching the Orbix Group, which offers comprehensive services across the Digital Asset Ecosystem in Thailand. This group is the most licensed financial business for digital assets, aimed at driving business strategies that meet future demands under the Orbix umbrella.
Kasikornbank Leaders on the Global Stage
Mr. Pipit Aneknithi, CEO of Kasikornbank, revealed that Money20/20 is a leading global fintech event, and Bangkok has been chosen to host it for the second time due to its reputation as a growth center for fintech in Asia. He participated in a panel discussion titled "Legacy Banks in the New Economy: Innovation, Agility, and Customer-Centric Transformation," focusing on the transformation of traditional banks in the new economy through innovation, agility, and customer-centric approaches. He showcased Kasikornbank's vision to create a future of finance through innovation and a commitment to sustainability, adapting to overcome every crisis to become a true early adopter, exemplified by the success of K PLUS, the number one mobile banking app in Thailand. Additionally, the bank embraces new technologies, partnerships, and the development of platforms that enhance customer experiences across all dimensions, aligning with the direction of the new economy and creating financial innovations in the blockchain world, linking strategies in digital assets and ESG to drive sustainable growth for the country.
Meanwhile, Mr. Wasin Vanichwaranant, Deputy CEO of Kasikornbank, participated in a discussion on "Digital Banks vs. Legacy Banks: Will 2025 Be the Tipping Point?" addressing the competition between digital banks and traditional banks from the perspective of global financial leaders. Key points included how traditional banks can maintain relevance and compete with digital banks by evolving into Hybrid Banks, blending traditional strengths such as trust and customer relationships with modern digital experiences and partnerships to access new markets. Important strategies include investing in innovation, transforming organizational culture, and leveraging human touchpoints to ensure security, enabling customers to live and do business anywhere, anytime with comprehensive services that align with changing consumer behaviors in the digital age, while transitioning from banking to a new financial ecosystem, such as establishing financial business groups to support the Digital Asset Ecosystem and providing comprehensive services to drive growth in the new financial world.
Additionally, Dr. Krint Bunleawanit, Deputy CEO of Kasikornbank, officially announced the launch of the Orbix Group, presenting a vision for comprehensive services across the Digital Asset Ecosystem in Thailand. This marks a significant leap in laying the foundation for the future of Thailand's financial sector, with a commitment to developing a secure and reliable infrastructure that meets regulatory standards and is accessible to both retail and institutional investors. The Orbix Group aims to drive Thailand towards becoming a regional hub for financial technology and digital assets.
Dr. Krint further stated that the comprehensive services across the Digital Asset Ecosystem will drive industry standards and build sustainable confidence among investors, prioritizing safety and compliance with regulatory requirements to pave the way for a strong and sustainable digital financial system in the long term.
Currently, Orbix Holdings Co., Ltd. has launched the Orbix Group, a provider of comprehensive services across the Digital Asset Ecosystem, aimed at enhancing a seamless investment experience in digital assets, with services covering the digital asset ecosystem through secure data protection technology.
At present, there are five companies under the Orbix Group that cover the digital asset ecosystem:
- Kubix, the first digital token offering service provider (ICO Portal) in Thailand's financial sector, approved by the Securities and Exchange Commission (SEC).
- Orbix Trade, a digital asset trading center attracting diverse investors.
- Orbix Invest, a digital asset fund manager licensed by the Ministry of Finance, under the supervision of the SEC.
- Orbix Technology, the developer and provider of Quarix, a regional blockchain technology infrastructure aimed at driving real-world use cases.
- Orbix Custodian, the first digital asset custodian service provider in Thailand licensed by the Ministry of Finance, under SEC supervision.
Aiming for the Future of Fintech and Digital Assets
Participation in Money20/20 Asia reflects the vision of Kasikornbank and the Orbix Group under Kasikornbank's Financial Business Group to drive financial innovation, developing digital assets as a crucial tool for a future of finance that meets regulatory standards and is accessible.