SBI AI and Blockchain Fund has secured corporate venturing unit Krungsri Finnovate as a limited partner as it seeks a $453m close.
Bank of Ayudhya, the Thailand-based financial services firm also known as Krungsri, has committed an undisclosed amount of capital to a venture capital fund being raised by financial services provider SBI Holdings.
SBI AI and Blockchain Fund is overseen by SBI subsidiary SBI Investment and is targeting a ¥50bn ($453m) final close to back blockchain and artificial intelligence technology developers. Krungsri contributed to the fund through its Krungsri Finnovate unit.
Sam Tanskul (pictured), managing director of Krungsri Finnovate, said: “The…
