Bloomberg: $4 Billion Hong Kong Family Office Makes First Crypto Foray

BlockBeats News, June 24th, according to Bloomberg, a wealth manager serving some of Hong Kong's wealthiest individuals will start investing in cryptocurrency as a more favorable regulatory environment is attracting more investors to the digital asset space.

VMS Group, a $4 billion assets under management multi-family office, plans to allocate up to $10 million to strategies managed by decentralized finance hedge fund Re7 Capital. VMS Managing Partner Elton Cheung stated in an interview that the final investment amount has not been determined yet.

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