Krungsri Bank launches a $100 million fund to invest in AI and Web3 solutions focused on financial services

ChainCatcher news, according to Tech in Asia, Thailand's commercial bank Kasikorn Bank (KBank) has launched a $100 million fund called KXVC through its innovation department Kasikorn X (KX), which will invest in AI and Web3 solutions focused on financial services. KXVC will also provide founders with opportunities to access KBank's corporate resources, as well as networks of SMEs and consumers.

It is reported that before the launch of KXVC, KX had already collaborated with startups and funds such as Magic Link, Transak, HashKey Capital, Symbolic Capital, and Aifund.ai. KX previously participated in the $5 million seed round financing of the DeFi derivatives trading protocol Forward.