Thailand’s SCB 10X Teams Up With Animoca Brands To Launch $150M Web3 Fund

In a major development for the Asian crypto ecosystem, Thailand’s SCB 10X—an investment arm of Siam Commercial Bank—has joined forces with blockchain powerhouse Animoca Brands to launch a $150 million Web3 venture fund. The announcement, made on July 15, 2025, marks a strategic push to accelerate the growth of decentralized technologies and digital economies across Southeast Asia and beyond.

The new fund, titled “Meta Horizon Fund,” is designed to invest in early-stage Web3 startups that are building decentralized applications (dApps), metaverse platforms, and blockchain-based gaming ecosystems. According to insiders, the fund will target both equity and token investments, aiming to back at least 50 projects over the next three years.

SCB 10X has been one of Thailand’s most forward-thinking financial entities when it comes to blockchain and fintech. Its collaboration with Animoca Brands—a global leader in digital property rights and play-to-earn gaming—is a bold signal that Thailand wants to become a key player in the next phase of the internet. Animoca’s track record includes investments in The Sandbox, Axie Infinity, and Immutable, making this partnership a powerful alliance of capital and expertise.

What makes this announcement even more significant is the broader regional interest in Web3. Southeast Asia is one of the fastest-growing markets for blockchain adoption, especially in the gaming and digital finance sectors. Young, tech-savvy populations with limited access to traditional banking systems have embraced Web3 tools, prompting increased institutional interest.

The fund will not only provide capital but also offer strategic advisory, mentorship, and technical support to its portfolio companies. It is expected to prioritize projects that offer tangible use cases—particularly in areas like digital identity, tokenized real-world assets, and decentralized finance (DeFi) solutions tailored for emerging markets.

Industry experts believe the Meta Horizon Fund could become a launchpad for the next generation of blockchain unicorns. With SCB 10X’s financial backing and Animoca’s deep network of developers and advisors, the fund is poised to attract global talent and innovators looking for meaningful partnerships in Asia.

The announcement comes at a time when venture funding in the crypto space is showing signs of revival after a slow 2024. Investors see the bear market as an opportunity to fund resilient, utility-driven startups that can lead the next wave of adoption when the cycle turns bullish.

All eyes are now on Thailand, as it positions itself not just as a tourist destination, but as a rising force in the global Web3 economy.