According to Bloomberg, as reported by ChainCatcher, a wealth manager serving some of Hong Kong's wealthiest individuals will begin investing in cryptocurrencies, as a more favorable regulatory environment is attracting an increasing number of investors to the digital asset sector.
VMS Group, a multi-family office managing nearly $4 billion in assets, plans to invest up to $10 million in strategies 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.
