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Kasikorn Bank snaps up 97% stake in cryptocurrency exchange Satang for $103m

October 31, 2023

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A filing made with the Stock Exchange of Thailand this week by K-Bank president Pipit Aneaknithi shows that the acquisition has been made through Unita Capital, the bank’s fully owned subsidiary and investment arm for digital asset companies.

Satang Corporation is to be rebranded to Orbix Trade Company once the deal has been completed, and will be further divided into three different subsidiaries.

These include Orbix Technology and Innovation, a blockchain infrastructure development company; Orbix Invest, a digital asset fund management company; and Orbix Custodian, a digital asset custodian.

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