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Does the DeFi industry absorb commercial banks? Siam bets on 110 million USD fund
Although serious institutional interest in crypto may be becoming an established trend rather than an emerging narrative, the focus of big money players is usually (Bitcoin). However, assets like Ether (Ethereum) And Decentralized Finance (DeFi) began to attract the attention of major investors.
For Siam Commercial Bank (OTC:) (SCB), DeFi is the main focus of its current digital asset drive, because Thailand’s oldest bank is preparing for the expected financial technological disruption of decentralized finance. Although other banks have not yet decided or are only temporarily involved in the interaction with digital assets, Standard Chartered Bank stated that it is keen to invest funds to explore the blockchain and DeFi fields.
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