Beacon VC and Fuchia VC jointly invest in funds under “Pantera Capital”, a fund focused on blockchain investments.

Beacon VC, a venture capital firm of Kasikorn Bank, and Fuchsia Venture Capital (Fuchsia VC), a venture capital firm under the company Muang Thai Group Holding Venture into the Pantera Blockchain Fund, owned by Pantera Capital, a diversified investment fund providing comprehensive access to the blockchain and digital asset markets. Through investments in blockchain companies (venture equity) and investment in token protocols in the early stages of the innovation of uninterrupted financial systems. (Decentralized finance, or DeFi) primarily

Mr. Thanaphong Na-Ranong, Managing Director of Beacon Venture Capital Company Limited (Beacon VC), revealed that this investment will enable the Bank and its affiliates to build good relationships with companies who Innovate and gain faster access to new blockchain technologies, where Pantera Capital is a leader in the industry. have a good reputation and has a long experience in investing in blockchain companies. The team has knowledge and ability in both investment. and the development of blockchain technology as well It was also named one of the top three funds investing in blockchain companies in the world by CB Insights based on investments since 2017. The Pantera Blockchain Fund has a goal of raising a total of 600 million. USD

The investment in Pantera Blockchain Fund marks Beacon VC’s fourth investment in foreign funds, having previously invested in three funds, namely 1) Integra Partners, a fund that invests in fintech startups in ASEAN 2. ) Vertex Ventures, an expanding startup fund from Singapore; and 3) NYCA, a fund that invests in global fintech startups from the US. Beacon VC has also invested directly in more than 14 startups. Companies such as Aspire Financial Technologies, a financial platform provider for SMEs, Nium, an international money transfer service provider, Grab, ASEAN’s leading ride-hailing and financial services provider, and Asia’s largest online car trading platform, Carro. south east

Mr. Sara Lamsam, Chief Executive Officer of Muang Thai Life Assurance PCL and Director of Fuchsia Venture Capital (Fuchsia VC), added that In the past few years, blockchain has played an important role in many areas of the global financial system, such as currency exchange, payments, borrowing, and it has begun to see its adoption in the insurance industry. Therefore, this joint investment with Pantera Capital will give Fuchsia VC access to new blockchain technologies and protocols, which it believes will enable us to accelerate innovations in insurance and healthcare. The fund will also enhance knowledge and understanding of a wide range of blockchain and digital assets. Because the fund invests in both forms of equity instruments. and early stage investment in protocol tokens