Hong Kong's $4 billion VMS Group begins investing in crypto

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VMS Group, an asset management office for many wealthy families in Hong Kong with 4 billion USD in assets, is entering the crypto market for the first time. The company plans to invest up to 10 million USD in the strategies of Re7 Capital – a fund specializing in investing in DeFi and digital asset strategies.

VMS stated that this move aims to diversify the portfolio into more liquid assets, amid the growing difficulty of private investments to exit. The decision comes as demand for crypto increases and the regulatory environment in Hong Kong becomes more favorable.

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