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SCB10X
SCB10X manages $500M as the corporate venture arm of Siam Commercial Bank, investing in early-stage technology across Asia and the US.
SCB10X
SCB10X was established in 2020 as the technology investment vehicle of Siam Commercial Bank. Mukaya (Tai) Panich serves as CEO and Chief Venture and Investment Officer. The firm operates from Bangkok with capital sourced through its parent banking group. The strategy centers on early-stage and growth venture investments. Asset allocation sits entirely in private equity. Confirmed holdings include Ripple, Fireblocks, The Sandbox, Together AI, Sygnum, Anchorage Digital, Nansen, Flash Express, Sunday, and Ema. Geographic reach covers the United States, Switzerland, Singapore, and Thailand. Co-investment activity occurs with partners such as Samsung NEXT. Team size and additional offices remain undisclosed. SCB10X maintains a foundation relationship through the Siam Commercial Foundation, established in 1995 with focus on education in Thailand. Recent activity includes sponsorship of the REDeFiNE TOMORROW event in June 2025 covering DeFi and Web3 topics. SCB10X functions as the dedicated venture arm inside SCBX Group. This structure supplies direct access to banking infrastructure and regulatory channels unavailable to independent managers.
General information
Firm type
Generalist
Year founded
2020
AUM
500 (Altss estimate)
Location
Region
Asia
Country
Thailand
City
Bangkok
Corporate office
No. 2525, One FYI Center Building, Office zone, Unit number 1/301-1/305 3rd Floor, Rama 4 Road, Klongtoei
Principals
Mukaya (Tai) Panich
CEO and Chief Venture and Investment Officer
Sector focus
Frequently asked questions
Who runs investment decisions at SCB10X?
Mukaya (Tai) Panich serves as CEO and Chief Venture and Investment Officer.
Does SCB10X participate in fund commitments or only direct deals?
SCB10X executes direct investments in startups. Holdings include Ripple, Fireblocks, and The Sandbox.
What investment stages does SCB10X typically target?
The firm focuses on early-stage seed and startup rounds as well as growth investments.
Where does the underlying capital come from?
SCB10X receives capital from Siam Commercial Bank through its parent SCBX Group.
Which sectors does SCB10X invest in?
Primary sectors include FinTech, Blockchain, Artificial Intelligence, and Software.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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