Hong Kong Wealth Manager to Invest in Cryptocurrency Amid Favorable Regulations

According to BlockBeats, a wealth manager serving some of Hong Kong's wealthiest individuals is set to begin investing in cryptocurrencies. This move comes 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 decentralized finance hedge fund Re7 Capital. VMS Managing Partner Elton Cheung mentioned in an interview that the exact investment amount has not yet been finalized.