VMS Group, a multi-family office managing nearly $4 billion in assets, is preparing to invest in cryptocurrencies, capitalizing on Hong Kong’s pro-crypto regulatory framework.
Why Is VMS Investing in Crypto Now?
VMS Group plans to allocate up to $10 million to digital assets through strategies managed by Re7 Capital, a London-based decentralized finance (DeFi) hedge fund.
> "We believe that now is the right time, as market demand continues to rise and clear legislation is emerging across key jurisdictions," said **Eton Cheung**, Managing Partner at VMS.
Cheung noted that the investment amount is still under discussion, but the firm sees increasing confidence in the sector due to institutional recognition and regulatory support.
Hong Kong’s Evolving Crypto Regulations
Hong Kong is rapidly becoming a crypto investment hub, thanks to its forward-thinking policies. Key developments include:
* New crypto regulations to encourage innovation while protecting investors * Plans to issue a Central Bank Digital Currency (CBDC) * Permission for companies to launch stablecoins backed by fiat by year-end * Retail access to regulated crypto products, lifting earlier restrictions * Implementation of strong risk management protocols
These measures have attracted numerous international firms and restored investor confidence in Hong Kong’s digital asset space.
Final Thoughts
Hong Kong’s progressive crypto stance is turning heads. As the city builds a secure and supportive ecosystem, high-profile wealth managers like VMS Group are leading the way. Their potential $10 million investment into DeFi signals a new era of crypto adoption among Asia’s elite financial institutions.
Thus, VMS Group's investment in cryptocurrencies highlights the changing landscape of financial services in Asia and the increasing interest in cryptocurrencies amid regulatory changes.
