Thailand’s second-largest bank is developing a digital-asset ecosystem to provide a funding route for companies, a stance that contrasts with skepticism toward crypto among some mainstream lenders globally.

Kasikornbank Pcl bought the licensed digital-asset exchange Satang Corp. in October as part of the strategy, an unusual instance of an established lender acquiring a crypto trading platform. The bank also has divisions focused on blockchain technology and custodial services for virtual tokens.