Thai Bank Kasikornbank Embraces Crypto for Cheaper Token Sales!

Author: Mustafa Mulla

Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.

Dec 20, 2023 18:28

Thai bank Kasikornbank jumps into the crypto game, building a platform for companies to raise money through cheaper token sales. This defies the US SEC’s cautious stance but follows several Thai companies, including music giant Grammy, who’ve already done so. Meanwhile, billionaire Sarath Ratanavadi joins the fray with a Binance-backed crypto exchange. The move spotlights a global trend of banks like JPMorgan embracing blockchain for faster asset transfers and settlements, not just trading.