The venture capital arm of Thailand’s oldest bank, Siam Commercial, said it is investing in DeFi despite recent weakness in the space. SCB 10X said it deposited an undisclosed amount into Compound Treasury, according to a report by Bloomberg. Compound offers 4% returns on deposits through its institution-grade products. It is the eighth-largest DeFi platform The post Despite The Terra Crash, This Major Bank Is Betting Big On DeFi appeared first on CoinGape.
