SEA Digest: Brooker Group invests in digital assets, FE XCELERATE 2021 launched
Photo: Unsplash
May 12, 2021
Brooker Group, a Thai financial firm, will become the first publicly listed company to invest in decentralised finance and decentralised applications. Vietnam-based FE Credit has partnered with Singapore early-stage VC firm Expara to launch its accelerator programme FE XCELERATE 2021.
Thailand’s Brooker Group to invest $48m in DeFi, dApps
Bangkok-based financial consultancy and capital management company Brooker Group said it will invest $48 million into decentralised finance (DeFi) and decentralised applications (dApps).
The company claims that the plan will make it the first publicly listed company in the world to invest in DeFi as a way of diversifying its portfolio. Digital assets, DeFi and dApps, will eventually make up approximately 50% of Brooker’s total assets, the company said.