Thailand’s oldest bank plans to become the majority shareholder of one the largest crypto exchanges in the country after a $536.7-million purchase.

According to a Tuesday announcement, Siam Commercial Bank’s SCB X Group is ExpectedTo purchase a 51% share in Thailand’s crypto exchange Bitkub, for 17.85 billion Thai baht (roughly $536.7 Million) before the end of 2022. The exchange said the deal is subject to approval from the Thai Securities and Exchange Commission, or SEC, and the country’s central bank.