Why Thailand’s oldest bank is bullish on DeFi. Let’s find it out

Mukaya “Tai” Panich, Chief Venture and Investment Officer of Siam Commercial Bank’s venture arm SCB 10X, imagines a world in which decentralized finance (DeFi) powers the back-end of traditional finance companies.

CryptoSlate talked to Panich about why Thailand’s oldest bank is bullish on DeFi and how its digital technology investment arm, which picks DeFi projects “with a global mindset that is focused on how to gain mass adoption,“ envisions achieving the DeFi/traditional finance integration.

The reason we want to invest in DeFi and be part of the ecosystem is that we want to understand and capitalize on DeFi, given its potential to meaningfully impact the financial industry.

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