Here's how one of Thailand's biggest banks ended up using institutional DeFi platform Compound Treasury. IanAllison123 reports
and is also involved in building infrastructure in the space. The bank’s digital division has been ironing out how to actually take part in DeFi since July of last year, explained Mukaya Tai Panich, chief investment officer at SCB 10X.
“We talked to Compound about the ‘principal back’ guarantee, that it was a request from our treasury team. At the beginning Compound didn’t offer that. But, lo and behold, after many months they offered a ‘principal back’ guarantee,” she said. “We are seeing more high-end institutional clients tapping into the DeFi,” Fireblocks CEO Michael Shaulov said in an interview. “We believe things like Compound Treasury and Aave Arc are definitely stepping stones to make them comfortable with DeFi, and SCB has always been on the forefront of innovation so we were happy to see them moving forward.”Compound Treasury is not a permissioned lending pool per se, like Aave Arc, said Shaulov.
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