SCB 10X keeps the faith in blockchain investments despite crypto crisis

SCB 10X, the venture capital arm of Thailand’s oldest bank, is holding on to its investments in blockchain and digital asset infrastructure, which it believes will serve the bank in the long run, despite a market downturn that has wiped out crypto industry giants, including former portfolio company BlockFi.

“We’re a serious investor, we are not tourists. We are here for the long term because we really believe blockchain technology is game-changing and a paradigm shift,” said Mukaya Panich, CEO of SCB 10X.

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