KASIKORNBANK (KBank), together with Orbix Technology & Innovation Co., Ltd. (Orbix Technology) and StraitsX

, has announced collaboration for project “Seamless Travel Payments on Chain” under 

 (Borderless, Liquid, Open, Online, Multi-currency), an international collaboration led by the Monetary Authority of Singapore (MAS). The initiative aims to connect regulated digital payment systems across jurisdictions using blockchain technology, which will enable real-time QR code payments between Thailand and Singapore by 2026. The project was officially unveiled at Singapore FinTech Festival 2025, held from 12- 14 November 2025, where leading global and regional banks, payment service providers, technology companies, investors and regulators gathered. KBank executive also joined global stage to share their vision and insights on the transformation of the financial industry in the digital era. This collaboration presents potential development of a real-world use case for cross-border payments between travelers from Thailand and Singapore, which will enable real-time QR code payments at local merchants using regulated e-money and interoperable blockchain technology. The implementation will mark a major milestone in enhancing cross-border payment experiences by making them faster, safer, more convenient, and fully compliant with regulatory standards.

Ms. Kattiya Indaravijaya, Chief Executive Officer of KBank

, joined the panel discussion titled “How will digital banks compete over the next decade? New propositions and customer segments.” She noted that over the next decade, the competitive landscape will shift from product-driven offering to experience-driven financial ecosystems that integrate seamlessly into customers’ daily lives. Technology will turn every device into a smart financial touchpoint, enabling a broader range of financial services embedded in everyday activities. With the power of data and AI, banks will be able to understand customer needs more precisely in designing products and services that truly meet expectations. She emphasized the importance of transparency and the development of workforce capabilities to stay ahead a world shaped by  AI and data, ensuring that customers are served with confidence and long-term sustainability. 

Dr. Karin Boonlertvanich, Executive Vice President of KBank

, said, “KBank is proud to be a part of BLOOM, a real-world application of blockchain technology for digital payments. In Phase 1 (targeted for completion by the second quarter of 2026), Thai travelers visiting Singapore will be able to use the 

 application to pay merchants directly using 

 (an e-money on blockchain). The system will be powered by 

, the blockchain developed by Orbix Technology, which will serve as the core infrastructure connecting with StraitsX’s platform to ensure secure and instant transactions. This collaboration marks an important step towards building an interoperable digital financial network that can scale across the region.”

Mr. Tianwei Liu, Co-Founder and Chief Executive Officer of StraitsX

, added, “This partnership sets a new benchmark for cross-border payments. In Phase 2, the project will expand to allow Singaporean travelers visiting Thailand to pay local merchants directly in Singapore Dollars using 

, our Singapore dollar-backed stablecoin, which will be automatically converted into Thai Baht upon settlement. This will increase convenience, efficiency, and trust in global value exchange.”

Phase 1 of the project is currently being conducted under the Bank of Thailand’s Regulatory Sandbox, and is expected to go live in Q2 2026. In Phases 1 and 2, travelers will be able to scan local QR codes in Thailand and Singapore using their respective e-wallets to complete payments conveniently and instantly. Behind the scenes, Quarix by Orbix Technology integrates with Avalanche, which acts as the technology enabler for the StraitsX system. This integration will enable real-time settlement between Q-money and XSGD, ensuring merchants can receive payments instantly while minimizing foreign exchange friction and enhancing transparency and security. For Phases 2 and 3, to be explored in the first half of 2026 subject to approval from the relevant regulatory authorities to ensure full compliance with legal and supervisory frameworks.

KBank, Orbix Technology, and StraitsX share a commitment to advancing the future of travel payments using regulated digital money and interoperable blockchain technology, strengthening Southeast Asia’s financial infrastructure to be seamless, resilient, and globally trusted, capable of supporting future expansion.

 further shared that Phase 3 of the project will introduce cross-border KYC verification, ensuring secure identity validation in compliance with regulatory requirements in both countries. “Our shared goal is to build a payment system that is trusted and compliant, allowing travelers to make payments abroad as conveniently as they do at home.” This initiative will serve as a key foundation for creating a modern, transparent, and secure digital financial system, ready to support regional and international expansion.

The participation in Singapore FinTech Festival 2025 and the announcement of this international collaboration for project “Seamless Travel Payments on Chain” reflect KBank’s vision as a driving force in financial innovation and as a leader in the transition towards the new era of digital money, where technology serves as a core infrastructure connecting people, businesses, and nations beyond borders.

large_Seamless Travel Payments on Chain 1.jpg

medium_Seamless Travel Payments on Chain 1.jpg

small_Seamless Travel Payments on Chain 1.jpg

thumbnail_Seamless Travel Payments on Chain 1.jpg

Seamless Travel Payments on Chain 1.jpg

KBank, Orbix Technology and StraitsX unveil project “Seamless Travel Payments on Chain” under MAS’s Project BLOOM at Singapore Fintech Festival 2025

KASIKORNBANK Partners with Mae Fah Luang Foundation, TGO, Kubix, and Orbix Technology to Launch Thailand’s First Carbon Credit Tokenization Pilot Program under the Bank of Thailand’s Regulatory Sandbox.

 is laying the groundwork for Thailand’s transition toward a mandatory carbon credit market by collaborating with leading partners—

the Mae Fah Luang Foundation under Royal Patronage, Thailand Greenhouse Gas Management Organization (TGO), Kubix Digital Asset Co., Ltd., and Orbix Technology and Innovation Co., Ltd.

, the first initiative of its kind in Thailand. Conducted under the Bank of Thailand’s Regulatory Sandbox, the program aims to enhance carbon credit trading and offsetting through blockchain technology, promoting transparency and operational efficiency in pursuit of the Net Zero goal. This marks a significant step in reinforcing KBank’s leadership in financial innovation and Thailand’s green economy.  

Ms. Kattiya Indaravijaya, Chief Executive Officer of KASIKORNBANK

, stated that the bank supports climate transition toward a low-carbon economy through a comprehensive suite of tools encompassing finance, knowledge, and technology. KBank also advocates for establishing a robust foundation to support the future mandatory carbon credit market. Most recently, the bank has partnered with the Mae Fah Luang Foundation, TGO, Kubix, and Orbix Technology to implement the Carbon Credit Tokenization Pilot Program. The initiative leverages blockchain technology to enhance transparency and efficiency in carbon credit trading and offsetting, serving as a foundational infrastructure for future mandatory carbon credit transactions. This aligns with Thailand’s long-term policy direction toward carbon neutrality and Net Zero emissions.

Under this pilot program, KBank will promote the efficient utilization of carbon credits generated from forest conservation efforts within the Doi Tung Development Project through digital systems. Kubix will serve as the system and technology provider, managing the tokenization process by converting carbon credits into digital tokens divisible into units of kilograms of carbon dioxide equivalent (kgCO₂e). The collaboration also encompasses the processes of offering, holding, reconverting into carbon credits, and offsetting—all conducted on the Quarix blockchain, developed by Orbix Technology. This blockchain is designed to ensure transparency, credibility, and traceability of carbon credit data.

M.L. Dispanadda Diskul, Secretary General and Chief Executive Officer of the Mae Fah Luang Foundation under Royal Patronage

, explained that the carbon credits used in this pilot are derived from forest conservation and restoration efforts integrated with community development under the Doi Tung Development Project, located in Mae Fah Luang District, Chiang Rai Province. These carbon credits are registered with TGO under the T-VER standard. The forest area not only serves as an effective carbon sink but also plays a vital role in wildfire prevention, ecosystem restoration, biodiversity conservation, and sustainable income generation for local communities. More than 11,000 community members are actively engaged in protecting over 90,000 rai (approximately 14,400 hectares or 144 km²) of Thailand’s watershed forests, exemplifying successful multi-sector collaboration with tangible outcomes.

Mr. Nakorn Tangavirapat, Executive Director of the Thailand Greenhouse Gas Management Organization (TGO)

, noted that while KBank is conducting the pilot test covering token holding and carbon credit offsetting for its operations, TGO will serve as the Registrar, managing the carbon credit registry system. This includes recording certifications, holdings, transfers, cancellations, and usage of greenhouse gas volumes for offsetting, as well as issuing cancellation certificates upon completion of offsetting processes. TGO will also provide advisory services and support for system usage and transactions. All operations are coordinated with the Bank of Thailand to ensure compliance with the Regulatory Sandbox framework. This initiative aligns with TGO’s strategic direction to promote the domestic voluntary carbon market, encouraging greenhouse gas reduction and trading by enhancing the utility of carbon credits in various formats.

 concluded by emphasizing that this project is not merely a technology trial, but a strategic milestone in developing a transparent and credible voluntary carbon market in Thailand. It also prepares the country for the transition to a mandatory carbon market and supports Thailand’s ambition to become a regional hub for carbon credit trading. As a leader in financial innovation, KBank remains committed to developing climate transition solutions, including Green Finance innovations tailored to the needs of modern investors. These solutions enhance transaction efficiency and security, support customers in technological transitions, and foster sustainable economic, social, and environmental value. The Carbon Credit Tokenization Pilot Program represents a pivotal step in shaping the Future of Finance, advancing the green economy, and concretely supporting Thailand’s Net-Zero Emissions target, reaffirming the bank’s core mission of operating as a sustainable bank.

large_53-Carbon Credit Tokenization - KBankMae Fah Luang Foundation, TGO, Kubix, Orbix Technology 1.png

medium_53-Carbon Credit Tokenization - KBankMae Fah Luang Foundation, TGO, Kubix, Orbix Technology 1.png

small_53-Carbon Credit Tokenization - KBankMae Fah Luang Foundation, TGO, Kubix, Orbix Technology 1.png

thumbnail_53-Carbon Credit Tokenization - KBankMae Fah Luang Foundation, TGO, Kubix, Orbix Technology 1.png

53-Carbon Credit Tokenization - KBankMae Fah Luang Foundation, TGO, Kubix, Orbix Technology 1.png

Thailand’s First Carbon Credit Tokenization Pilot Program Debuts under the Bank of Thailand’s Regulatory Sandbox

KBank partners with Orbix Technology to pave the way for the future of the agentic economy with Quarix.

KASIKORNBANK (KBank) is supporting Orbix Technology in showcasing the integration of the Quarix blockchain technology with agentic AI to enhance processing efficiency, transparency, traceability, and immutability through three core technologies. These include: Quarix, the blockchain infrastructure developed by Orbix Technology; Q Wallet, a digital wallet for storing Q-money* (e-money on blockchain) issued by KBank, serving as a medium of transaction; and AI Identity Verification, developed by KSoft and KBTG Labs, designed to ensure that processes and outcomes generated by AI agents can be verified, audited, and trusted before any transaction takes place. This collaboration is aimed at preparing for the future agentic economy.

Dr. Karin Boonlertvanich, Executive Vice President of KASIKORNBANK

, said, “The Bank has adopted Quarix blockchain technology as the foundational infrastructure to pilot Q Wallet as a financial innovation. This initiative not only demonstrates the potential of a digital financial system that is secure, transparent, and compliant with international banking standards, but also serves as a critical starting point for building a digital financial infrastructure capable of supporting the growth of the new economy. The infrastructure is designed to interoperate with emerging technologies and support an open and sustainable ecosystem. KBank is committed to strengthening this foundation to enhance the country’s competitiveness and prepare for future economic and technological transformations.” 

Mr. Yarnvith Raksri, Managing Director of Orbix Technology, 

said, “As the provider of the Quarix blockchain infrastructure, Orbix Technology is committed to continuously leveraging advanced technologies to elevate service systems. This includes preparing for the future economy, which will not be driven by humans alone but will also feature artificial intelligence (AI) agents as active participants capable of creating value, generating employment, and making transactions. Quarix is aimed at becoming a key enabler of this new economy, ensuring efficiency, transparency, and verifiability. As the world enters an agentic economy where AI agents can operate, interconnect, collaborate, and create economic value through both AI-to-AI and AI-to-human interactions, the development of infrastructure to support this new economic model requires technologies that are transparent, verifiable, trustworthy, and capable of validating outcomes. Quarix is now exploring pathways to evolve into a critical infrastructure of this modern economy.”

, Orbix Technology, in collaboration with KBank, showcased a proof-of-concept demonstration on Quarix that integrates blockchain technology with agentic AI to enhance processing efficiency. This ensures that both the processes and outcomes of AI agents’ work are provable, verifiable, and reliable prior to completing transactions. Currently under development, this capability combines three core technologies:

These technologies work together to lay a sustainable foundation for the agentic economy. 

One of the project’s highlights was the demonstration of the “Lila” AI agent prototype

, which resides on Quarix. Lila is capable of analyzing, making decisions, and generating income autonomously. She has her own Q Wallet to store her Q-money and can even hire other AI agents to perform tasks she is not proficient in. Every step is tied to an escrow smart contract that verifies the work before payment is made to other AI agents, making the entire process transparent, auditable, and confirmable through verifiable computation. The Lila demonstration thus served as a clear reflection of the emerging agentic economy.

This project reflects the shared vision of Orbix Technology and KBank to lead the world into a new economic era where AI agents have the autonomy to create value and collaborate, with Quarix being the infrastructure developed to support this future based on transparency, security, and reliability, while laying the foundation to strengthen Thailand’s digital financial infrastructure and prepare it for future transformations.

Note: Q-money is operating under the Bank of Thailand’s regulatory sandbox framework.

large_51-Quarix Agentic Economy_Logo.jpg

medium_51-Quarix Agentic Economy_Logo.jpg

small_51-Quarix Agentic Economy_Logo.jpg

thumbnail_51-Quarix Agentic Economy_Logo.jpg

51-Quarix Agentic Economy_Logo.jpg

Pave the Way for the Future of the Agentic Economy with Quarix

Orbix Technology partners with Bluebik to architect, engineer, and deliver consultancy on blockchain solutions transforming the financial and technology industries.

Orbix Technology Co., Ltd., developer of the Quarix blockchain infrastructure, and Bluebik Group Public Company Limited (Bluebik), a leading AI-led enterprise digital transformation consultancy, recently announced a strategic collaboration aimed at the design, development, and provision of advisory services for blockchain-based solutions, supporting the digital transformation of Thai enterprises across a broad range of sectors, including finance, manufacturing, technology, and professional services.

Mr. Yarnvith Raksri, Managing Director, Orbix Technology

, said, “The organization’s principal objective is to catalyze the institutional integration of blockchain innovations, positioning such technologies as foundational enablers of enterprise digital transformation. Strategic priorities include the optimization of operational workflows, the augmentation of procedural transparency, the deconstruction of systemic complexities, and the fortification of competitive positioning in an increasingly digitized global landscape. Concurrently, the entity is committed to advancing financial technological innovation through the establishment of resilient, interoperable, and future-ready financial infrastructure frameworks, designed to adapt to the evolving paradigms of the digital economy. Moreover, the organization places significant emphasis on safeguarding data fidelity and transactional authenticity. By deploying blockchain protocols, the company ensures the immutability and traceability of digital records, proactively mitigates risks associated with data manipulation and financial malfeasance and upholds the verifiability of all transactional activities across operational touchpoints. Collectively, these initiatives are intended to cultivate systemic trust, enhance regulatory alignment, and elevate confidence in enterprise-grade digital trust architectures.”

Orbix Technology has most recently formalized a strategic alliance with Bluebik to jointly architect, engineer, and deliver consultancy services pertaining to blockchain-enabled enterprise solutions, purpose-built for deployment across a wide spectrum of economic sectors, including financial services, information technology, and professional service industries. This collaboration encompasses the provision of institutional advisory and governance-oriented strategic planning to facilitate the structured adoption of distributed ledger technologies within both governmental entities and corporate enterprises. Furthermore, the initiative prioritizes the enhancement of system interoperability, user accessibility, and integration efficacy with pre-existing legacy infrastructures, thereby promoting operational agility, procedural efficiency, and technological resilience. This initiative signifies a pivotal advancement in accelerating the digital transformation of Thailand’s financial ecosystem. 

Mr. Pochara Arayakarnkul, Chief Executive Officer, Bluebik Group Public Company Limited (Bluebik)

, said, “The company focuses on developing technology and innovation to enhance business competitiveness in the digital era. Therefore, this collaboration marks a significant step in expanding its blockchain services across a more diverse range of industries. Additionally, Bluebik is ready to leverage its strategic consulting expertise to drive the practical application of blockchain technology in the business sector, representing another milestone in advancing the potential of this technology in Thailand.”

Bluebik Group Public Company Limited, a leading AI-led enterprise digital transformation consultancy, operating in Thailand and internationally, with branches in the UK, Vietnam, and India. Its team of more than 1,000 experts leverages business and IT expertise to deliver innovative services, guiding and assisting clients in preparing their businesses for the digital age. 

large_49-Orbix Technology, Bluebik.jpg

medium_49-Orbix Technology, Bluebik.jpg

small_49-Orbix Technology, Bluebik.jpg

thumbnail_49-Orbix Technology, Bluebik.jpg

49-Orbix Technology, Bluebik.jpg

Orbix Technology x Bluebik: Consultancy on Blockchain Solutions

Orbix Technology partners with depa to develop a blockchain-enabled credential authenticity system

 to build solutions for transactions and public services with transparency, reliability and security.

Orbix Technology and Innovation Co., Ltd. (Orbix Technology) and the Digital Economy Promotion Agency (depa) recently announced a collaboration to develop a blockchain-enabled credential authenticity system using the Quarix blockchain infrastructure. Quarix can interoperate across multiple sectors, including finance, technology, and government. The goal is to build solutions for conducting transactions and public services with transparency, reliability, and security.

, said, “The integration of blockchain technology into credential authenticity systems presents a significant opportunity to establish an interoperable ecosystem founded on reliability, transparency, and security. When implemented within public services, such a system considerable potential to deliver far-reaching societal benefits. In pursuit of this objective, Orbix Technology has collaborated with depa to develop a blockchain-based credential verification platform through Quarix. This platform facilitates cross-sectoral integration among financial institutions, technology providers, and public entities, enabling accurate, transparent, and verifiable data authentication, whilst simultaneously mitigating IT-related risks associated with data falsification and unauthorised access.”

The development of the blockchain-enabled credential authenticity system has three key objectives: 1) Co-development of an advanced system for the verification and validation of certified documents via integration with authoritative and trusted data sources; 2) Administration of personal data protection in accordance with rigorous cybersecurity protocols and elevated information security standards; and 3) Provision of technologically robust solutions that facilitate the execution of transactions and delivery of public services with transparency, reliability and security. This collaboration reflects the company’s commitment to leveraging technology to drive innovation and enhance the efficiency of inter-agency operations, embracing the digital economy at both the national and regional levels. 

Dr. Passakon Prathombutr, Senior Executive Vice President/CTO of Digital Economy Promotion Agency (depa)

, added that the collaborative development of the blockchain-enabled credential authenticity project between depa and Orbix Technology will enhance the credibility of digital infrastructure and generate widespread benefits. Depa will implement this solution to facilitate access to public services and improve the quality of citizens’ lives while promoting a more sustainable society.

The strategic partnership between depa and Orbix Technology constitutes a pivotal advancement in the progression of Thailand’s digital innovation landscape. This joint initiative—centered on the deployment of a blockchain-enabled credential authenticity framework—aims to substantially curtail operational expenditures and augment process efficiency within the commercial sector. Moreover, it is anticipated to significantly reinforce transparency and bolster the dependability of  public services.

large_47-Orbix Technology, depa PR.jpg

medium_47-Orbix Technology, depa PR.jpg

small_47-Orbix Technology, depa PR.jpg

thumbnail_47-Orbix Technology, depa PR.jpg

47-Orbix Technology, depa PR.jpg

Orbix Technology x depa: Blockchain-Enabled Credential Authenticity

Two prominent blockchain solutions providers, 

a strategic partnership to transform cross-border payments and advance the development of blockchain-based technology for financial services in Thailand, Indonesia, and Southeast Asia.

 This collaboration will leverage Orbix Technology’s proprietary blockchain infrastructure, 

, to not only develop secure, efficient, and scalable financial technologies, but also ensure the adherence to applicable regulations and compliance frameworks.

“Together, we aim to deliver impactful solutions for businesses and individuals.” said 

Mr. Yarnvith Raksri, Managing Director of Orbix Technology.

 “By tackling real-world challenges, particularly enhancing cross-border payments between Thailand and Indonesia, we strive to make transactions faster, more secure, and cost-effective. With tourism between our nations on the rise, we are excited to enable a more seamless travel experience through blockchain-powered solutions.”

Both D3 Labs and Orbix Technology will jointly develop and share relevant products, services, and critical information to support the partnership’s goals and ensure that their solutions adhere to regulatory standards while engaging with government and private entities to drive innovation and adoption. The partnership is anchored in the 

"Blockchain Initiative for Financial Services,"

 aiming to create cost-effective and user-centric cross-border payment systems to benefit the mass public, with specific focus areas including:

Mr. Lai Chung Ying, Co-Founder and Co-CEO of D3 Labs

, added, “Our collaboration with Orbix Technology propels our journey to revolutionize financial services. By combining our expertise and leveraging blockchain technology, we aim to create transformative solutions that drive efficiency and innovation and regulatory compliance in the digital finance ecosystem.”

The overarching goal of this initiative is to optimize blockchain capabilities and pioneer innovative solutions that redefine the standards for global financial transactions. By leveraging their collective strengths and shared vision, D3 Labs and Orbix Technology are poised to transform the digital finance landscape in Southeast Asia, providing groundbreaking blockchain-based solutions that drive progress, accessibility, and regulatory adherence.

large_45-Orbix Technology, D3 Labs.jpg

medium_45-Orbix Technology, D3 Labs.jpg

small_45-Orbix Technology, D3 Labs.jpg

thumbnail_45-Orbix Technology, D3 Labs.jpg

45-Orbix Technology, D3 Labs.jpg

Orbix Technology x D3 Labs: Transforming Cross-Border Payments

, demonstrated an innovative blockchain-based cross-border payment solution using the Q Wallet application at the 

, our blockchain infrastructure, by integrating with StraitsX’s platform, Thai travelers will be able to make real-time payments via QR codes at merchants in Singapore, providing a seamless bridge for the digital economy between the two countries.

, said “We are committed to developing digital technologies and blockchain-powered cross-border payment innovations that enable fast, secure, and convenient transactions. This collaboration with Orbix Technology and StraitsX strengthens our commitment to bringing forward an innovative international payment solutions for Thai travelers.”

Mr. Yarnvith Raksri, Managing Director of Orbix Technology

, added “Quarix plays a critical role in powering Q Wallet and Q-money, enabling seamless cross-border payments as if users were paying locally. Blockchain technology ensures speed, security, and reliability in these transactions, opening new possibilities for financial innovation.”

Mr. Tianwei Liu, Co-Founder and CEO of StraitsX

, explained the currency conversion process “The system converts Thai Baht in Q-money to XSGD, StraitsX’s Singapore dollar-backed digital currency. Blockchain ensures real-time settlement between Q-money and XSGD, with merchants receiving funds in SGD immediately, eliminating exchange rate concerns.”

The payment process takes less than one minute. Users simply open the Q Wallet app, scan the merchant’s PayNow or Grab QR code, confirm the exchange rate displayed, and the system handles real-time settlement automatically.

This initiative is part of the Regulatory Sandbox under the Bank of Thailand, providing a safe environment to test new financial solutions.

Looking ahead, KBank and Orbix Technology plan to extend Q-money to international visitors in Thailand, enabling real-time QR code payments at local merchants. The ultimate goal is to create a seamless cross-border payment network across Southeast Asia, enhancing convenience and efficiency in regional digital payments.

large_43-Cross-border payment showcase KBank, Orbix Technology, StraitsX.jpg

medium_43-Cross-border payment showcase KBank, Orbix Technology, StraitsX.jpg

small_43-Cross-border payment showcase KBank, Orbix Technology, StraitsX.jpg

thumbnail_43-Cross-border payment showcase KBank, Orbix Technology, StraitsX.jpg

43-Cross-border payment showcase KBank, Orbix Technology, StraitsX.jpg

Blockchain-Powered Cross-Border Payment Innovation Showcase at SFF 2024

has officially signed a Memorandum of Understanding (MOU) with 

, Thailand's leading commercial bank, and 

, the regulated stablecoin issuer of XSGD in Singapore. The partnership aims to develop blockchain-based cross-border payment solutions to enhance convenience, efficiency, and security for Thai travelers making payments in Singapore.

Dr. Karin Boonlertvanich, Executive Vice President, KASIKORNBANK

Mr. Yanvith Raksri, Managing Director, Orbix Technology & Innovation Co., Ltd.

This collaboration elevates the cross-border payment systems through the power of blockchain technology, fostering seamless digital connectivity between Thailand and Singapore.

In its first phase, the partnership focuses on improving payment experiences for Thai travelers visiting Singapore via the 

 application. Through this service, users will be able to make payments seamlessly via QR code at merchants across Singapore, providing a frictionless and familiar experience for Thai consumers abroad. The initiative is currently operating under the Regulatory Sandbox framework of the Bank of Thailand, ensuring that all developments meet regulatory and security standards.

, the blockchain infrastructure developed by Orbix Technology.

Quarix serves as the core network powering 

, enabling secure connectivity with StraitsX’s regulated payment system to facilitate real-time settlements between Thai Baht (THB) and XSGD (Singapore regulated stablecoin).

This system demonstrates how blockchain can bridge traditional banking with next-generation digital payment infrastructure, delivering greater transparency, faster settlement, and reduced intermediary costs.

The next phase of collaboration will expand toward bilateral blockchain-based payment connectivity, further strengthening the digital financial infrastructure linking Thailand and Singapore.

This initiative underscores both nations’ commitment to becoming regional leaders in digital economy development and represents a key step toward creating a secure, scalable, and interoperable cross-border payment ecosystem in ASEAN.

large_41-KBank, Orbix Technology, StraitsX - MOU Signing.jpg

medium_41-KBank, Orbix Technology, StraitsX - MOU Signing.jpg

small_41-KBank, Orbix Technology, StraitsX - MOU Signing.jpg

thumbnail_41-KBank, Orbix Technology, StraitsX - MOU Signing.jpg

41-KBank, Orbix Technology, StraitsX - MOU Signing.jpg

Orbix Technology, KBank and StraitsX Sign MOU to Enhance Cross-Border Payment Innovation Through Blockchain Technology

 (Orbix Technology) is taking another major step toward advancing the future of digital finance. The company has entered a strategic partnership with 

, a leading technology company from Japan specializing in stablecoin solutions, NFTs, and blockchain infrastructure. Together, the two organizations will develop a secure, scalable, and sustainable blockchain infrastructure to support cross-border transactions between Thailand and Japan, paving the way for a new era of seamless, efficient, and transparent digital financial connectivity across Asia.

, blockchain technology will play a critical role in transforming how businesses manage payments and international transactions in the near future. “Our collaboration with G.U.Group represents a major step toward building a stable blockchain foundation that enhances cross-border financial operations,” said Mr. Yarnvith. “By leveraging smart contracts, businesses will be able to define payment conditions directly on the blockchain, reducing intermediary costs and increasing operational efficiency.”

This joint initiative is designed to meet the growing demand for secure, compliant, and future-ready digital payment systems, supporting both Thai and Japanese enterprises as they transition toward the digital economy. The partnership aligns with Orbix Technology’s long-term vision of using Quarix, its proprietary blockchain infrastructure, as the foundation for building a connected and efficient digital asset ecosystem in Asia.

 is designed to support regulators, businesses, and technology partners in adopting blockchain solutions that can be practically applied in real-world use cases, bridging traditional finance with digital innovation, and ensuring security, transparency, and trust in every transaction.

Mr. Hidekazu Kondo, CEO of G.U.Group, Inc.

, emphasized that the collaboration will accelerate both companies’ shared mission to develop secure and effective blockchain-based financial solutions for enterprises and consumers.

As part of this initiative, the two companies are exploring a stablecoin pilot project pegged to both the Japanese yen (JPY) and Thai baht (THB). The goal is to establish a new global financial infrastructure that supports cross-border digital transactions with speed, reliability, and regulatory compliance.

This collaboration marks an important milestone in advancing blockchain adoption across the region, enabling Thailand and Japan to become leaders in cross-border payment innovation within Asia.

The signing ceremony was witnessed by Mr. Worawat Hunhaboon, Head of Business Development at Orbix Technology, and Mr. Shunsuke Ichikawa, Chief Operating Officer of G.U. Technologies Global, Pte. Ltd., at the K+ Building on 14 November 2024.

Newsroom

Media Inquiries and Press Contact