Tencent Cloud and Bitkub of Thailand have reached a cooperation agreement on digital asset services.

According to a report by Techinasia, Tencent Cloud has entered into a strategic partnership with Bitkub Group, a Thai blockchain and digital asset company that operates a large digital asset exchange in Thailand. Under the agreement, Bitkub will leverage Tencent Cloud's infrastructure, database, and artificial intelligence technologies to support its digital asset services. Bitkub selected Tencent Cloud as its partner after evaluating factors such as security standards, technical support, and cost-effectiveness. The two companies plan to collaborate on database management, risk control, and application stability using Tencent Cloud's services.