According to Techub News and Bloomberg, multiple family offices in Hong Kong, VMS Group, plan to allocate up to 10 million USD in strategies managed by the decentralized hedging fund Re7 Capital (the allocation scale has not been finalized), marking the first foray into the crypto assets field for this wealth management institution managing nearly 4 billion USD in assets.
Elton Cheung, the managing partner of VMS, stated that this move aims to address the declining liquidity in traditional private equity while catering to the growing demand from clients for digital assets. Zhi Li, the head of VMS in London, added that the group is exploring the integration of crypto payments into its holding's real estate projects in Vietnam and has observed a strong interest from the younger generation of family members in compliant digital asset allocation.
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According to Techub News and Bloomberg, multiple family offices in Hong Kong, VMS Group, plan to allocate up to 10 million USD in strategies managed by the decentralized hedging fund Re7 Capital (the allocation scale has not been finalized), marking the first foray into the crypto assets field for this wealth management institution managing nearly 4 billion USD in assets.
Elton Cheung, the managing partner of VMS, stated that this move aims to address the declining liquidity in traditional private equity while catering to the growing demand from clients for digital assets. Zhi Li, the head of VMS in London, added that the group is exploring the integration of crypto payments into its holding's real estate projects in Vietnam and has observed a strong interest from the younger generation of family members in compliant digital asset allocation.