Thailand's Siam Commercial Bank launches $50M fund for crypto startups

posted 9 months ago
Thailand’s Siam Commercial Bank (SCB) set up a new $50-million venture capital fund focused on global early and growth-stage blockchain, decentralised finance (DeFi), and digital asset startups.

The corporate venture capital firm will use the new fund to invest in the next generation of financial services as the bank prepares for the digital financial systems of the future. "With our new $50-million VC fund, we will invest across the capital stack in innovative and promising startups in blockchain infrastructure, blockchain innovative applications, and decentralised finance globally, to better prepare the bank for future disruption,” said SCB chief venture and investment officer Mukaya Tai Panich.
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