Thailand's KBank Launches $100M Fund for AI & Web3

Thailand-based Kasikornbank (KBank) has started a $100 million fund which will target artificial intelligence (AI), Web3, and fintech startups globally, an announcement said on Thursday.
 
KBank is one of the major banks in South East Asia and also provides digital services. The bank operates in Thailand, China and Vietnam.
 
Thailand's central Bank (Bank of Thailand) gave the approval to KBank for setting up the fund, according to a document seen by CoinDesk.
 
The KXVC (Kasikorn X Venture Capital) fund hopes to become a regional gateway to help global founders in the space to create financial innovations in the APAC region, the entity said. The KXVC fund will fall under the guidance of another KBank subsidiary KX, a VC.


Source: Coindesk