Thailand-Finansia has announced the addition of digital assets to its brokerage offerings in partnership with Crypto Express. Last week, Finansia’s Board of Directors approved the company to set up a subsidiary to prepare for the application for a digital asset license to Thailand’s Securities and Exchange Commission.

Finansia is a member of the Thai Bond Dealing Center as well as a member of the Stock Exchange of Thailand. The company says the partnership with Crypto Exchange will enable it to gain electronic know-your-customer (KYC) solutions. The system, which uses the latest artificial intelligence and machine learning-driven insights, will help Finansia to speed up its onboarding process by 80%.

The company also added that the technology it will deploy from Crypto Express will enable the identification of transactions in a fast, secure, and convenient social network.

More Traditional Brokerage Offer Digital Assets

More traditional brokerage firms are now looking to offer cryptocurrencies as digital assets keep revolutionizing the finance space. This has resulted in a massive increase in investments in digital assets.

Earlier this month, the Emirates of Dubai set up a regulatory authority in digital assets and introduced a bill that will regulate virtual assets This is seen as a major step within the digital assets industry. The new watchdog, known as the Dubai Digital Assets Regulatory Authority, will oversee all cryptocurrencies and non-fungible tokens (NFTs) in the emirate. Other countries are also setting up laws that recognize and regulate cryptocurrencies in their jurisdictions.

And today, Nasdaq-listed Cowen Inc rolled out Cowen Digital LLC, its digital asset division based in Connecticut, United States.

Cowen says it will serve institutional clients with efficient trading and custodian solutions through the new division.

Cowen also added that it has been developing the system essential and infrastructure for the launch of Cowen Digital for the past 15 months. The company says it wants to promote a complaint and secure digital asset ecosystem.