The Bank of Thailand may hold crypto assets, SCB10X CEO: The regulatory sandbox has paved the way.

Kaweewut Temphuwapat took over as CEO of SCB10X, the venture capital arm of SCB, one of Thailand’s largest banks, and actively released bullish signals. In an interview with CoinDesk, he said that Thailand’s innovative regulatory measures have paved the way for banks to hold crypto assets, and in the future, it may take the lead in piloting the holding of cryptocurrencies within the regulatory sandbox. “The will of the regulators is there, they allow us to try it on a small scale,” he stressed. This means that in the future, Thai banks may directly include crypto assets in their balance sheets, marking a new stage in the integration of traditional finance and crypto assets.

Temphuwapat believes that the combination of AI and Crypto Assets will lead the next wave of innovation. He pointed out that SCB10X has incorporated such investments into its strategic vision, “We will focus more on AI, Crypto Assets, and the combination of the two.”

He also predicts that if the United States introduces clearer regulation on crypto assets, it will drive capital into the Southeast Asian market. He cited SCB10X’s early investment in Ripple as an example, illustrating that the team has a long-term perspective on Web3: “We were early investors in Ripple 10 years ago, and this technology has been used in our SCB App for 5 to 6 years.”

This article discusses that Thai banks may hold crypto assets, with SCB10X CEO stating that the regulatory sandbox has paved the way. It first appeared in Chain News ABMedia.