Odaily Planet Daily News Kasikorn X (KX), the innovation arm of Thai commercial bank Kasikornbank (KBank), launched a US$100 million fund KXVC, which will invest in artificial intelligence, Web3 solutions and deep technology startups focusing on financial services. KXVC will also provide founders with access to KBank’s corporate resources, SME and consumer network, and partners.
Prior to the launch of KXVC, KX had partnered with startups and funds such as Magic Link, Transak, HashKey Capital, Symbolic Capital, and Aifund.ai, and had previously participated in the $5 million seed round of DeFi derivatives trading protocol Forward. (Tech in Asia)