Siam Commercial Bank (SCB) has entered into partnership with Hashed, Tier-1 South Korean VC firm
Hashed representatives highlighted that seasoned VC investors are fully committed to leverage this partnership to cultivate the ecosystem and support the growth of Web3 technology in Southeast Asia and other regions.
In his statement published today, Sept. 29, 2023, on X, Hashed CEO and managing partner Simon Seojoon Kim shares his excitement about SCB's mission and traction it has gained so far:I resonate deeply with SCBX's vision to accelerate Web3 adoption. As SCBX became the parent company of its group, it envisions itself as a tech-driven company and has ambitious plans to expand and develop new ventures in the digital financial industry.
He also admired the prospects of cryptocurrency products in Thailand, a global travel hub and one of the leaders of the cryptocurrency adoption rate in the retail segment.the $24 million SupraOracles strategic round with its funds. Also, the team was one of the most influential VCs of the 2021 NFT and GameFi frenzy.
SCB has a reputation as a cryptocurrency-friendly institution. Starting from 2020, it cooperates with U.S. fintech decacorn Ripple in cross-border payments.
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