Thailand’s biggest bank by market value has become the latest lender seeking to capitalize on the metaverse craze, with a unit announcing plans to set up a headquarters in a version of the internet that’s still taking shape.
SCB 10X Co, which oversees Siam Commercial Bank’s investments in technology startups, will become the first banking group entity globally to develop a headquarters in The Sandbox, a blockchain-based virtual platform, it said in a statement on Monday. The virtual space will be ready for public visits by the fourth quarter of this year, it said. SCB 10X’s physical head office is in Bangkok.
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