Orbix Custodian Officially Launches ‘Thailand’s First Digital Asset Custody Service Provider’

Bangkok: Orbix Custodian, the first digital asset custodian service provider in Thailand to receive a license from the Ministry of Finance, officially launched under the supervision of the SEC. The service aims to upgrade the infrastructure of Thailand's digital asset market to be competitive on an international level. According to Thai News Agency, Mr. Ken Robert Svenson, Managing Director of Orbix Custodian Co., Ltd., stated that the launch represents a significant milestone for both the company and Thailand, which aspires to become the regional center of the digital asset industry. Orbix Custodian provides services to digital asset business operators licensed by the Ministry of Finance, utilizing Cold Wallet digital asset storage that connects to the network only during transactions. The company has partnered with IBM to implement Hardware Security Modules (HSM) technology, ensuring the highest level of key encryption certified to FIPS 140-2 Level 4 standards. Orbix Custodian's services are adaptable to customer requirements, offering transaction approvals tailored to various business needs. The company provides products in the form of a web application for transaction orders and a mobile application for transaction approval to enhance user convenience. Customers can integrate their existing key management systems with Orbix Custodian's systems in a plug-and-play format. The service also supports a range of digital assets and can accommodate additional digital assets as per customer requirements. Mr. Phisit Thammaraksa, Co-Managing Director of Orbix Custodian Co., Ltd., emphasized the company's commitment to good corporate governance, with strong internal controls and an independent committee to ensure transparent management. The company selects executives with specialized expertise in the business sector and offers cost-effective, competitive service fees while maintaining fairness and equality across its customer base. This initiative seeks to enhance the competitiveness of digital asset operators in Thai land, focusing on maximizing benefits for investors and the nation, and establishing a foundation for Thailand to become a hub for blockchain technology and digital assets in the region. Orbix Custodian invites inquiries about fees or service charges through phone at 02-161-4888, email at [email protected], or by visiting their website at www.orbixcustodian.com.