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Does the DeFi industry attract commercial banks? Siam bets with a $ 110 million fund by Cointelegraph

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Does the DeFi industry attract commercial banks?  Siam bets with a $ 110 million fund by Cointelegraph
Does the DeFi industry attract commercial banks? Siam bets with a fund of $ 110 million

While serious institutional interest in cryptocurrencies is perhaps becoming more of an established trend than an emerging narrative, the focus of big money players is usually onBTC). However, assets like Ether (ETH) and decentralized finance (DeFi) are starting to get the attention of major investors.

For Siam Commercial Bank (OTC 🙂 (SCB), DeFi is a major focus point of its current digital asset push as Thailand’s oldest bank prepares for the financial technology disruption expected from decentralized finance. While other banks are still undecided or only making temporary inroads to interact with digital assets, SCB says it is interested in committing funds to explore the blockchain and DeFi space.