Siam Commercial Bank venture arm creates new $50M blockchain fund

SCB 10X, the conducting arm of Thailand’s Siam Industrial Bank, has announced this will doubtless create a brand contemporary USD $50 million VC fund dedicated to investing in global early and growth stage blockchain, decentralized finance (DeFi), and digital asset startups.

The Siam Industrial Bank conducting arm has an admirable file of early investment in high companies including: blockchain funds community, Ripple, crypto lending platform, BlockFi, and Alpha Finance.

“In the financial exchange, blockchain-enabled financial products and companies dangle the doable to expand financial inclusion, facilitate birth fetch entry to, and again innovation. With our contemporary $50M VC fund, we can make investments at some level of the capital stack in modern and promising startups in blockchain infrastructure, blockchain modern functions, and decentralized finance globally, to higher put collectively the bank for future disruption.”

– Mukaya (Tai) Panich, Chief Mission and Funding Officer at SCB 10X


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