A wealth management company in Hong Kong that manages money for wealthy local individuals is set to start investing in cryptocurrencies, as the territory's increasingly relaxed regulation of digital assets draws a wider range of investors into the space.
VMS Group, a multi-family office with nearly $4 billion in assets under management, plans to allocate up to $10 million to a strategy managed by decentralized finance hedge fund Re7 Capital, Elton Cheung, managing partner at VMS, said in an interview. He added that the specific allocation amount has not yet been finalized.
Hong Kong-based wealth management firm VMS Group, which manages $4 billion in assets, has entered the cryptocurrency space for the first time
2025-06-24 00:31:46
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