Venture division of Thailand's oldest bank launches blockchain and DeFi investment fund
February 9, 2021
SCB 10X, the venture capital arm of Thailand’s oldest bank Siam Commercial Bank, announced on February 9 a new $ 50 million fund that will focus on blockchain investments, decentralized finance (DeFi) and early-stage crypto startups. The unit previously partnered with Ripple to integrate RippleNet. Mukaya Panich, Chief Investment Officer at SCB 10X, highlighted the benefits of blockchain…