It is said that a Hong Kong -based multi -capacity office and which runs money for some of the richest families of the city venture in the encryption industry for the first time.
The company, which has $ 4 billion of management assets, is looking to invest up to $ 10 million in R7 Capital Strategies, Bloomberg I mentioned on monday. However, the allocation volume has not been completed yet.
“The decision is part of the recent moves by VMS to diversify to more liquid investments,” said Group’s administrative partner of VMS to Bloomberg.
Chiong continued that although the company has made great gains in private stocks and other long -term investments, it is difficult for the company to get out of these investments, as it chooses more and more companies to stay especially for longer periods of time.
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The VMS group indicated an increase in demand and the organizational environment has turned into the reasons behind this step.
“We thought this is the right time due to the increasing demand and because we see legislative and government support clearer than various judicial states, as well as great institutional support and support,” said Chiong.
It is worth noting that the VMS group chose investing indirectly via R7 Capital instead of investing directly in the digital assets itself. Re7 Capital is a digital asset investment company that focuses on generating the return via Defi and other encryption strategies.
Cointelegraph communicates with the VMS group but did not receive a response to the time of publication.
Dilution
Hong Kong recently took organizational steps to enhance encryption innovation in the area.
Earlier this month, Hong Kong Government It is said that he was using The overlapping operating protocol over the interlocking chain in ChainLink to explore the chances of the Central Bank’s digital currency initiative.
On June 4, Hong Kong organizers allowed professional investors Trade Terosterades As part of their plan to expand products offers for these investors.
In May, Hong Kong Legislative Council issued a bill that allows Companies for Stablecoins With the support of the Fiat currencies by the end of the year.
Hong Kong Check Company accumulates
Hong Kong -based companies have begun to add encryption to the treasury bonds.
Last week, Memestrategy, a 9gag investment company, became the first circulating company in the region Investing in Solana. The company bought more than 2,400 Sol icons for $ 368,000.
Meanwhile, in May, DDC Enterprise Ddc Enverrise 21 BTC bought as part of its broader strategy to Accumulation of 5000 Bitcoin During the next three years.
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