In an extraordinary move set to redefine the intersection of finance and technology, SCB X Public Company Limited (SCBX), the epicenter of Thailand’s flourishing financial technology group, has forged a groundbreaking alliance with Hashed, a renowned global leader in Web3 venture capital. The implications of this visionary partnership are poised to resonate far beyond Southeast Asia, as SCBX endeavors to metamorphose into a genuine tech powerhouse with a resolute focus on trailblazing technologies such as blockchain and artificial intelligence (AI).

The strategic memorandum of understanding (MOU) inked between SCBX and Hashed signifies the birth of a potent research and development collaboration, dedicated to exploring the boundless potential of Web3 technology across diverse business domains.

Pioneering the Future: SCBX and Hashed’s Visionary Partnership

SCBX, the parent company of Siam Commercial Bank, has embraced a dynamic perspective on the evolving landscape of finance and technology. This forward-looking institution aims to transmute itself into a veritable tech giant, setting the stage for innovative strides in blockchain and AI adoption. This ambitious union with Hashed seeks to spearhead intensive research and development efforts into Web3 technology trends, encompassing blockchain and AI, with a singular mission: to usher these cutting-edge initiatives into the mainstream public market.

Hashed, renowned for its unwavering commitment to catalyzing the mass adoption of Web3 technologies, finds common cause with SCBX’s aspirations. Together, they have set forth on a path of strategic research and development, poised to unlock the vast potential of Web3 technology in various business spheres.

ShardLab: The Innovative Web3 Test Bed

One of the cornerstones of this collaboration is Hashed’s pioneering initiative, ShardLab, poised to serve as a crucible for Web3 technologies. Here, experimental pilots and account abstraction will be explored across a multitude of sectors, harnessing the transformative power of blockchain and other Web3 advancements. A particularly noteworthy facet of this partnership is the co-funded research and development project, where SCBX and Hashed pool their resources to drive forward-looking research. This collaborative venture not only advances technology but also explores novel ways to integrate blockchain innovations into SCBX’s affiliates and services, with the overarching goal of delivering practical and innovative value through the incorporation of Web3 technology.

Simon Seojoon Kim, CEO & Managing Partner, Hashed, on the Partnership:

“I am deeply resonated with SCBX’s visionary goal of propelling the adoption of Web3 technology across Southeast Asia. It’s a privilege for Hashed to assume a pivotal role as its partner in this transformative journey. This partnership amalgamates the expertise of a reputable institution with the technological and philosophical foundations of Web3. I am confident that this partnership will significantly nurture the growth of the Web3 ecosystem, extending its influence not only across Southeast Asia but also on a global scale.”

Cultivating the Web3 Ecosystem: Collaborative Efforts

In tandem with their cooperative research endeavors, SCBX and Hashed will orchestrate a sequence of conferences and gatherings designed to cultivate the expansion of the Web3 ecosystem. These comprehensive initiatives encompass conferences dedicated to Web3 education and business networking, along with specialized talent bootcamps aimed at fostering the growth of skilled developers and creators within Thailand and Southeast Asia. These occasions will serve as a nexus for both well-established Web2 enterprises and burgeoning Web3 ventures, fostering connections, collaborative efforts, and meaningful contributions to the holistic advancement of the blockchain industry.

A Milestone in Evolution: SCBX and Hashed’s Collective Strength

This partnership marks a significant milestone in the evolution of both SCBX and Hashed. By harnessing SCBX’s established position in the Thai financial sector and Hashed’s unparalleled expertise in Web3 technology, the collaboration is set to drive meaningful advancements in the realm of decentralized technology and innovation. The combined efforts of these two formidable entities are anticipated to contribute to the acceleration of Web3 mass adoption and the continued growth of the global Web3 ecosystem.

Dr. Arak Sutivong, Deputy CEO of SCB X Public Company Limited (SCBX), on the Collaboration:

“SCBX’s key milestone is to establish itself as a leading regional financial technology group. To achieve this goal, it is crucial for the company to conduct new experiments and transition into a technology-focused entity. We are thrilled to announce our collaboration with Hashed, a global leader in Web3 venture capital. Through this partnership, we will collaborate on research and development of cutting-edge technologies that will shape the future of finance.”

About SCB X Public Company Limited

SCBX stands as the epicenter of the financial technology business group, comprising Siam Commercial Bank, SCB 10X Co., Ltd., Card X Co., Ltd., InnovestX Securities Co., Ltd., Purple Ventures Co., Ltd., AutoX Co., Ltd., and other companies. With an audacious vision of becoming ‘The Most Admired Regional Financial Technology Group,’ SCBX powers the development and execution of strategic initiatives, placing a particular emphasis on financial enterprises and digital technologies. This includes a keen pursuit of new business opportunities, M&A, strategic investments, and partnerships. SCBX is agile and prudent in governance and risk management, equipped to compete on a global stage, and poised to enhance the overall quality of life while serving a greater purpose.

About Hashed

Hashed is a dynamic team of blockchain experts and builders spread across Seoul, Singapore, Bengaluru, and Silicon Valley. Their belief is that decentralization possesses the power to transform not only the global economy but also the very fabric of the internet. Hashed’s mission is to accelerate the mass adoption of blockchain by investing their resources and empowering a new wave of entrepreneurs and innovators to shape this future.

This groundbreaking partnership between SCBX and Hashed sets the stage for a transformative journey that will reshape finance, technology, and the Web3 ecosystem. As the world watches, these two visionary entities collaborate to unlock the full potential of blockchain, AI, and Web3 technology, paving the way for a future that promises innovation, inclusivity, and global impact.