In Hong Kong, today, VMS Group, a multi-family office managing over $4 billion in assets, announced its first venture into the cryptocurrency sector. The firm is set to invest up to $10 million in Re7 Capital's strategies, aiming to diversify its portfolio into more liquid investments. (Source: VMS Group, Today)
Elton Cheung, managing partner at VMS Group, cited growing demand and a favorable regulatory environment as key factors. This strategic shift aligns with Hong Kong's recent regulatory steps to foster crypto innovation. (Source: VMS Group, Today)
This follows Hong Kong's recent moves, including allowing professional investors to trade crypto derivatives on June 4. Last week, MemeStrategy invested $368,000 in Solana, and in May, DDC Enterprise purchased 21 BTC. (Source: VMS Group, Today)