According to PANews, Hong Kong VMS Group plans to allocate no more than $10 million to the strategies operated by decentralized hedge fund Re7 Capital. The move marks the first foray into the crypto space for the wealth management firm, which manages nearly $4 billion in assets. VMS managing partner Elton Cheung said the move is aimed at addressing the decline in liquidity in traditional private equity and complying with client demand for digital assets. Zhi Li, head of VMS London, said the group is exploring the integration of crypto payments into its controlled Vietnamese real estate projects and has observed the interest of younger generation family members in compliant digital asset allocations.