Blockchain
ARV and Krungthai sign an MOU to pilot ASEAN’s first National Corporate Identification (NCID) platform, digitizing the Corporate KYC process for bank account opening

AI and Robotics Ventures (ARV), a leading developer, service provider, and venture builder of AI and Robotics technologies and a subsidiary of PTT Exploration and Production Public Company Limited (PTTEP), partners with Krungthai Bank Public Company Limited, Thailand’s leading financial institution, by signing an MOU to pilot ASEAN’s first National Corporate Identification (NCID) platform; a transformational solution that achieves an end to end Digital Identification for Corporates accessing any Financial service. NCID transforms the conventional know-your-customer (KYC) process between Corporates and financial institutions, by digitizing an otherwise paper-intensive and laborious process into one which is fast, efficient, transparent, and secure. A more efficient system of KYC unlocks new business opportunities for Financial Institutions and Corporates. NCID platform solves this problem of complex Corporate KYC process by leveraging the concepts of Web 3, Digital ID, Digital document creations and Digital Signatures.
Dr. Thana Slanvetpan, General Manager of AI and Robotics Ventures Company Limited (ARV) and Mr. Tawatchai Cheevanon, Senior Executive Vice President, Head of Global Transaction Banking Group, Krungthai Bank Public Company Limited, together signed a Memorandum of Understanding (MOU), with Mr. Sumrid Sumneing, Executive Vice President, Finance and Accounting Group of PTT Exploration and Production Public Company Limited (PTTEP), joining the event to congratulate and witness the signing ceremony at ARV’s office at Bhiraj Tower, South Sathorn.
Dr. Thana Slanvetpan, General Manager of AI and Robotics Ventures Company Limited (ARV) said, “Conducting transactions between corporates and commercial banks is still plagued by a number of inefficiencies and limitations, including the reliance on paper-based documents and laborious manual processes. The ability to quickly, transparently, and reliably, verify digital-signatures together with its signing-authority in one single solution has been a limitation for juristic persons, inhibiting more widespread digital transformation.”
“ARV foresaw this limitation for the industry, and set up a business unit called BIND an acronym for Bridging, Identity, Network and Data) to develop the NCID platform – adopting Web 3.0 technologies and principles such as SSI, interoperability, blockchain and cryptography, which are innovations to drive digital transformation and cybersecurity to the next level – as a solution to transform laborious paper-based processes into more streamlined, convenient, reliable, secure and scalable digital ones. NCID will enable business transactions between organizations to execute more swiftly and efficiently as it reduces operational process time and ensures the accuracy and security of data. The Memorandum of Understanding (MOU) with Krungthai Bank Public Company Limited paves way for the first commercial bank digital corporate KYC transaction for a bank-account-opening execution via the NCID platform, operating under the Digital Service Sandbox with supervision by the Electronic Transactions Development Agency (ETDA). The transaction is ASEAN’s first digital corporate KYC for corporate bank account opening. The project receives full support by all parties including PTTEP which is ARV’s parent company and ETDA. The MOU marks an important starting point for elevating transactions between Thai juristic persons and commercial banks, and unlocks numerous opportunities for further development of Thai digital infrastructure in the future,” added Dr. Thana.
Mr. Tawatchai Cheevanon, Senior Executive Vice President, Head of Global Transaction Banking Group, Krungthai Bank Public Company Limited remarked about being the first partner to adopt the NCID platform in a real transaction and that, “The collaboration between Krungthai Bank and ARV reflects the commitment of both organizations to develop technology and innovation to increase efficiency and enhance the competitiveness of Thai business sectors. The NCID platform is clearly a game changer for financial transactions in the business sector. E-Document innovation and digital-ID solutions enhance the efficiency of document preparation, signing and affixing company seals in electronic format. It helps the bank to conduct non-face-to-face verification (digital corporate KYC) and signature verification in a highly convenient and swift manner, while still being able to ensure security, accuracy and integrity of data according to relevant international standards. This is a true collaboration between corporates and commercial banks, which shorten the process time and simplifies execution of the transaction and verification of signed documents. Krungthai is currently the first bank to bring the NCID platform to support corporate account opening for a PTTEP subsidiary as the first transaction, and we plan to expand our collaboration to support other companies under PTT Group.”
“Krungthai Bank will continue to develop technology and innovations to improve financial services in order to better meet the needs of all groups of customers every day, whether they are from public sector or private sector, or for the general public. We are ready to play an important role in strengthening the competitiveness of the Thai business sector under the new digitalized business world through the concept of empowering better life for all Thais,” added Mr. Tawatchai.
Mr. Sumrid Sumneing, Executive Vice President Finance and Accounting Group of PTT Exploration and Production Public Company Limited (PTTEP), emphasized the success of this collaboration and stated that, “As the parent company of ARV, we are very pleased with the achievement of this milestone for the NCID project; it is one of the innovations developed to solve problems we faced at PTTEP, which is similar to other companies and commercial banks that have been facing this problem for a long time without a practical solution. PTTEP believes that the NCID platform will help transform the process of managing document-signing activities and enable the execution of financial transactions between juristic persons and banks with more convenience. It will also help promote the streamlining and effectiveness of business transactions while saving time and resources, all while also ensuring reliability and security of documents, and trust of end-to-end digital transactions.”
Under this collaboration, Krungthai Bank has conducted a digital corporate KYC with a subsidiary under PTTEP group, and successfully opened a corporate account through the NCID platform. This success marks the first time in ASEAN that a corporate bank account has been opened in a digital format using Web3 technologies.
ARV with its business unit BIND is committed to building partnerships with all sectors for further development of the NCID platform, and hopes to jointly unlock endless digital transformation possibilities in the future. ARV welcomes all partners from both public and private sectors to pioneer and develop technology together. Interested organizations can contact us for more details via telephone at +662-078-4000 or via e-mail at [email protected]
SOURCE AI and Robotics Ventures (ARV)
Blockchain
Blocks & Headlines: Today in Blockchain – May 14, 2025

Blockchain’s evolution continues at breakneck speed, shifting from niche applications into mainstream finance, supply-chain integrity, and social impact initiatives. Today’s briefing spotlights five stories that illustrate this maturation: Cardano’s seamless asset integration in the privacy-focused Brave browser; a strategic partnership between Cokeeps and Maybank Trustees to bring tokenized wealth management to institutional clients; Ripple’s leadership framing blockchain as the dismantler of traditional banking silos; the UNDP’s pilot using distributed ledgers to improve HIV treatment tracking across Eurasia; and a novel IoT-blockchain collaboration to authenticate fine wines end-to-end. In this op-ed–style roundup, we analyze not only the mechanics of each announcement but also their broader implications for Web3’s scaling, DeFi’s credibility, and blockchain’s social-good potential.
1. Cardano Integrates Native Blockchain Assets into Brave Browser
What Happened
On May 13, Cardano foundation engineers unveiled a collaboration with Brave Software to natively support Cardano blockchain assets—ADA tokens and native tokens—within Brave’s wallet panel. Users can now view balances, send ADA, stake directly, and interact with back-end metadata for Cardano NFTs, all without leaving the Brave interface. This move follows Brave’s earlier Ethereum and Solana integrations, signaling a multi-chain future for privacy-centric browsers.
Analysis & Implications
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User Experience Leap: By embedding Cardano functionality at the browser level, Brave eliminates friction for onboarding new users who would otherwise juggle external wallets or browser extensions. Easier access to staking and NFT markets could drive stronger engagement for Cardano’s ecosystem.
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Multi-Chain Convergence: Brave’s strategy underscores the shift from siloed blockchain apps toward unified, chain-agnostic user experiences. As Web3 users demand seamless access across protocols, wallets and browsers will compete to offer the most inclusive multi-chain dashboards.
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Cardano’s Market Position: For Cardano, this integration is a validation of its low-fee, high-throughput value proposition. While Ethereum remains dominant in DeFi and NFTs, Cardano’s energy efficiency and growing dApp roster may attract users seeking alternatives—especially if wallet UX barriers continue to fall.
Opinion
Brave’s embrace of Cardano assets exemplifies the coming era of “wallet-agnostic” access, where the browser becomes the front door to multiple blockchains. For Cardano, it’s a critical trust signal that boosts on-ramps and could accelerate liquidity in its DeFi protocols. Yet success hinges on robust in-browser security and responsive UI design—any wallet bugs or performance lags will erode the trust this collaboration seeks to build.
Source: CoinDesk
2. Cokeeps & Maybank Trustees Develop Blockchain Asset-Management Solutions
What Happened
Malaysia’s Cokeeps, a digital-asset custody pioneer, has partnered with Maybank Trustees to design and deploy tokenized asset-management platforms for institutional investors. The joint solution leverages a permissioned blockchain to record ownership of tokenized bonds, real-estate funds, and alternative-assets, while integrating smart-contract–driven compliance checks and real-time audit trails.
Analysis & Implications
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Institutional Adoption: By combining Cokeeps’s custody technology with Maybank’s regulatory expertise and trustee services, the duo addresses two perennial barriers to institutional crypto investment: custody risk and compliance certainty. This model could serve as a blueprint for other Asia-Pacific custodians.
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Tokenization Benefits: Tokenized securities on a shared ledger can reduce settlement times from days to seconds, lower transaction costs, and open fractional-ownership models—broadening access to asset classes historically reserved for high-net-worth individuals.
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Regulatory Alignment: Embedding KYC/AML logic into smart contracts ensures that every token transfer automatically enforces jurisdictional rules. As regulators worldwide demand transparent on-chain auditability, such integrated controls will become table stakes for institutional offerings.
Opinion
This collaboration exemplifies how established financial institutions can embrace blockchain without ceding control. Rather than disrupting Maybank’s trustee role, tokenization enhances it—transforming trustees from manual record-keepers into guardians of programmable assets. The real test will be scale: can the platform handle high-volume trading with uncompromised security and consistency? If so, we may see a wave of legacy banks repackaging their services through blockchain rails.
Source: The Star
3. Ripple Board Member: “Blockchain Is Unbundling Banks”
What Happened
On May 14, Stuart Alderoty, a board member at Ripple Labs, declared in an industry webcast that blockchain technology is fundamentally “unbundling” traditional banking services—payments, settlements, custody, and compliance are each evolving into modular, chain-native offerings. He argued that banks will increasingly source best-of-breed infrastructure from fintech and blockchain providers rather than maintain monolithic, in-house systems.
Analysis & Implications
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Modular Finance: Alderoty’s vision anticipates a composable finance ecosystem: banks orchestrate various on-chain services—liquidity pools, cross-border rails, automated KYC—via APIs, akin to how e-commerce platforms integrate third-party payment gateways and fraud-prevention tools today.
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Competitive Pressure: Incumbent banks face competition not only from neobanks but also from protocol-level service providers (e.g., on-chain oracles, decentralized exchanges). To retain clients, banks must either build or partner to offer seamless, blockchain-enhanced products.
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Industry Collaboration: Ripple itself underscores this shift: its On-Demand Liquidity service unbundles foreign-exchange and settlement from legacy correspondent banking, delivering real-time cross-border payments at reduced cost.
Opinion
The unbundling thesis places a premium on interoperability and standards. Without common protocols, financial services risk siloed “rails” that mimic today’s fragmented SWIFT-based processes. Collaborative industry consortia—like the U.K.’s Project Rosalind or Japan’s mHUB—will be crucial to define shared messaging formats and governance frameworks. For blockchain to truly disaggregate banking, ecosystem players must coalesce around open, secure standards.
Source: U.Today
4. UNDP’s Big Ideas: Using Blockchain to Fight HIV in Eurasia
What Happened
The United Nations Development Programme (UNDP) launched its “Big Ideas” pilot in Eurasia, deploying a blockchain-enabled platform to manage HIV treatment data across multiple countries. The solution uses a hybrid public-private ledger to ensure patient anonymity while providing authorized clinics and NGOs with secure, immutable access to treatment adherence records and drug-dispensation logs.
Analysis & Implications
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Data Privacy & Integrity: The hybrid architecture combines zero-knowledge proofs on a public chain—verifying treatment events without exposing personal health information—with a consortium chain that controls participant permissions. This dual model balances transparency and confidentiality.
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Cross-Border Collaboration: HIV programs often span regions with varying healthcare regulations. A shared blockchain registry simplifies data exchange, reducing duplication and ensuring each patient’s history is up to date, even when they move between clinics or countries.
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Scalability & Sustainability: Running on energy-efficient proof-of-stake networks and leveraging off-chain data storage for sensitive medical records, the platform minimizes transaction costs while maintaining high throughput—essential for scaling across thousands of patients.
Opinion
UNDP’s blockchain pilot represents a maturation of social-impact use cases—from proof-of-concepts to production-grade systems. By prioritizing patient privacy and regulatory alignment, this model could extend to other health-data challenges, such as vaccine distribution or epidemic tracking. The key will be forging long-term partnerships between multilateral organizations, local health authorities, and blockchain providers to sustain and expand the network beyond the pilot phase.
Source: UNDP
5. Identiv, ZaTap & Genuine Analytics Digitally Authenticate Fine Wines
What Happened
Identiv, ZaTap, and Genuine Analytics have unveiled a joint solution that employs specialized IoT tags and blockchain to verify the provenance of fine wines. Each bottle is fitted with a tamper-evident sensor that records temperature, humidity, and location data onto a permissioned ledger. Consumers can scan an NFC-enabled label to view the wine’s end-to-end history—from vineyard pressing to cellar aging and global shipping.
Analysis & Implications
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Counterfeit Mitigation: The fine-wine market suffers from widespread fraud, with counterfeit bottles estimated to comprise up to 20% of high-end sales. Immutable provenance records and sensor-backed condition reports significantly raise the bar for authenticity verification.
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Consumer Trust & Engagement: Beyond security, the solution enhances the collector experience—buyers gain confidence in their purchase and a richer narrative around each vintage’s journey, potentially commanding higher resale values on secondary markets.
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Cross-Industry Potential: This IoT-blockchain fusion can be adapted for other luxury goods—artworks, haute horlogerie, or premium spirits—where provenance and condition are paramount.
Opinion
By blending real-world data streams with ledger immutability, this collaboration exemplifies blockchain’s most compelling value proposition: trusted digital twins of physical assets. However, the system’s integrity depends on robust IoT security—if sensors are spoofed or tampered with, the chain of trust breaks. Stakeholders must therefore enforce secure tag provisioning, periodic audits, and tamper detection measures to uphold the solution’s credibility.
Source: PR Newswire
Conclusion
Today’s blockchain dispatch underscores a pivotal shift: decentralized ledgers are weaving into the fabric of finance, social impact, and supply-chain integrity. From Brave’s browser-level Cardano support to tokenized asset platforms, from the unbundling of banking services to health-data pilots and luxury-goods authentication, blockchain is proving its versatility and maturing beyond speculative markets. As on-chain and off-chain worlds converge, interoperability, security, and standards will determine which projects scale and which falter. For stakeholders across Web3, DeFi, and enterprise IT, the imperative is clear: embrace modular architectures, uphold rigorous governance, and focus on real-world value—only then will blockchain realize its promise of trust, transparency, and transformative efficiency.
The post Blocks & Headlines: Today in Blockchain – May 14, 2025 appeared first on News, Events, Advertising Options.
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