The move continues a trend of Thailand’s major traditional financial institutions moving into crypto.
Siam Commercial Bank purchases 51% stake in crypto exchange Bitkub
CEO Arthit Nanthawittaya said the acquisition was based on the growth of businesses in the digital asset space over the last 2 years and the expected value in the long term.
Siam Bank Launches $50M Blockchain Fund
The fund will focus on global early and growth-stage companies that shape the next generation of financial services and digital systems, the venture capital arm of Thailand’s oldest bank says.