SCB 10X, Siam Commercial Bank’s venture capital arm, said it is preparing for the potential day decentralized finance (DeFi) upends traditional banking.
Speaking with CoinDesk via email on Saturday, Mukaya Tai Panich, chief venture and investment officer of SCB, said DeFi possesses everything traditional finance has today.
“When we looked at DeFi, we thought that it is possible that one day banks and other financial institutions will be completely disintermediated,” said Panich.
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