Hong Kong Family Office VMS to allocate up to $ 10m in the first crypto play: Bloomberg
The VMS Group, a Hong Kong family office with only under $ 4 billion in assets under Management (AUM), makes crypto happy for the first time, Bloomberg reported on Monday.
The firm has a mark of up to $ 10 million in investment techniques managed by Decentralized Finance (DEFI) Hedge Fund Re7 Capital, partner Elton Cheung said in the News Organization.
VMS is looking to vary with more liquid investment, Cheung said. Its investment approach is more focused on private equity during the existence of two decades. Private equity has become less liquid because investors are choosing to stay private longer, he added.
Cheung also mentioned the clearer The treatment of regulation of digital assets in many constituents as well as the growing institutional demand as factors in crypto entry.
VMs did not respond to CoinDesk’s request for further comment.
Read more: Hong Kong set to allow Crypto Derivatives trading
