A Hong Kong multi-family office managing $4 billion in assets has announced its first investment into cryptocurrency, with plans to invest up to $10 million in strategies from Re7 Capital.
First Investment in Cryptocurrency
The Hong Kong multi-family office, managing assets worth $4 billion, is making its first move into crypto investments, planning to allocate up to $10 million to Re7 Capital.
Reasons for Choosing Crypto Investments
According to VMS Group managing partner Elton Cheung, this decision is part of a strategy to diversify into more liquid investments. He noted that the firm faces challenges exiting traditional investments as many companies remain private for longer periods.
Regulatory Environment in Hong Kong
Recently, Hong Kong authorities have taken steps to foster crypto innovation, including allowing professional investors to trade crypto derivatives and enabling companies to issue stablecoins, creating a more favorable investment climate for digital assets.
VMS Group's investments in cryptocurrencies highlight a growing interest in digital assets driven by a favorable regulatory environment and a desire to diversify investment portfolios.
