PANews reported on June 24 that according to Bloomberg, VMS Group, a multi-family office in Hong Kong, plans to allocate up to $10 million in funds (the allocation size has not been finalized) to the decentralized hedge fund Re7 Capital, marking the first time this wealth management institution, which manages nearly $4 billion in assets, has ventured into the crypto field. Elton Cheung, managing partner at VMS, stated that this move aims to address the declining liquidity of traditional private equity and respond to clients' growing demand for digital assets. Zhi Li, head of VMS in London, added that the group is exploring the integration of crypto payments into its Vietnamese real estate project and has observed a strong interest in compliant digital asset allocation among younger family members.
