Thailand’s Kasikornbank has launched a $100 million Web3 and artificial intelligence (AI) fund to invest in Asia Pacific’s internet economy, expected to be worth $1 trillion by 2030. In addition to capital, aspiring companies can access corporate resources and insights from the bank’s partners.
Originating from the innovation arm of Kasikornbank, KXVC plans to focus on startups in Israel, the US, Europe, and Asia Pacific. It has worked with other major funds, including Singapore-based HashKey Capital.
Privacy Will Be Key in New Markets
High on its investment agenda will be Web3 infrastructure companies, validator node operators, zero-knowledge and privacy-focused companies, and the “consumerization” of non-fungible tokens (NFTs). According to KXVC’s, head Krating Koonpol:
“KXVC will be a stepping stone for global founders to drive their business expansion in APAC with…
