SCB 10X, the digital technology investment arm of Thailand’s Siam Commercial Bank (SCB), has 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 (CVC) 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, according to an announcement.
