On June 24, according to Bloomberg, a wealth manager serving some of Hong Kong's wealthiest individuals will begin investing in cryptocurrencies, as a more favorable regulatory environment attracts more investors into the digital asset space.
VMS Group, a multi-family office managing nearly $4 billion in assets, plans to invest up to $10 million in a strategy managed by the decentralized finance hedge fund Re7 Capital. Elton Cheung, managing partner at VMS, stated in an interview that the investment amount has not yet been finalized.
