According to CoinDesk, Thailand's Kasikornbank (KBank) has launched a $100 million fund to invest in artificial intelligence (AI), Web3 and fintech startups worldwide. KBank is one of the major banks in Southeast Asia, with operations in Thailand, China and Vietnam. The Central Bank of Thailand approved KBank to set up the fund. The KXVC (Kasikorn X Venture Capital Company Limited) fund hopes to establish a regional portal to help global founders create financial innovations in the Asia-Pacific region. The KXVC fund will be guided by KX, a subsidiary of KBank. The fund will serve traditional financial stakeholders such as consumers, businesses and small and medium-sized enterprises (SMEs), with a particular focus on consumer and problem-specific AI, network security, node validators, ZKP, wallets and NFT consumerization. At the same time, the fund also plans to invest in more than 30 startups and funds focusing on the United States, the European Union, Israel and the Asia-Pacific region.