$4B family office VMS Group to begin investing in crypto: Report
VMS Group is looking to invest up to $10 million with Re7 Capital strategies, as it hopes to diversify into more liquid investments, according to managing partner Elton Cheung.
A Hong Kong-based multi-family office that manages money for some of the city’s wealthiest families is reportedly venturing into the crypto industry for the first time.
The firm, which has $4 billion in assets under management, is looking to invest up to $10 million in Re7 Capital strategies, Bloomberg reported on Monday. However, the size of the allocation has not been finalized yet.
“The decision is part of recent moves by VMS to diversify into more liquid investments,” VMS Group managing partner Elton Cheung told Bloomberg.