SCB 10X to invest in Anchorage, the cryptocustodian and digital asset platform for institutions, paving the way for the financial world of the future

Friday 05 March 2021 16:31
As part of "Moonshot Mission", which aims to create long-term value through investing in high potential tech startups globally, SCB 10X recently announced its participation in $80m Series C fundraise of Anchorage, the cryptocustodian and digital asset platform for institutions, as well as, the first federally-chartered digital asset bank in the US. SCB 10X's investment stands alongside leading investors such as GIC, a16z, Blockchain Capital, Lux Capital, and Indico Capital.
SCB 10X to invest in Anchorage, the cryptocustodian and digital asset platform for institutions, paving the way for the financial world of the future

According to SCB 10X Chief Venture and Investment Officer, Mukaya Panich, "SCB 10X is excited to announce our participation in $80 million Series C fundraise of Anchorage, led by GIC with participation from a16z, Blockchain Capital, Lux Capital and Indico Capital. We are proud to be an investor in Anchorage, and look forward to bringing Anchorage's world-class cryptocustody solutions to Siam Commercial Bank's customer base who are interested in having exposure to digital assets, and other potential users in Southeast Asia."

About SCB 10X
SCB 10X Co., Ltd. is a holding company of Siam Commercial Bank (The SCB Group). SCB 10X was established in January 2020 with a "moonshot mission" to achieve exponential growth through technology innovation and investment via its three arms: Venture Builder, Venture Capital, and Strategic Investment & Partnership. SCB 10X oversees investments in disruptive technology startups globally, as well as exponential growth technology portfolio companies of the SCB Group, comprising Digital Ventures, SCB Abacus, MONIX, and Purple Ventures. For more information, please visit www.scb10x.com or contact: [email protected]

Source: Siam Commercial Bank