Major Thai bank's venture arm sets up $50M fund to invest in blockchain, DeFi
Siam Commercial Bank, over a century old, doesn't fail to keep up with the times. Siam Commercial Bank — Thailand's oldest bank, established by royal charter back in 1907 — is cementing its reputation as a strong backer of innovative financial technologies. The institution's venture arm, SCB 10X, has today announced a new $50 million fund that will be dedicated to investments in global blockchain, decentralized finance and digital asset startups in their early and growth stages.The fund is just the latest of Siam Commercial Bank's forays into the blockchain and fintech space. The....
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