PANews June 24 report, according to Bloomberg, multiple family offices in Hong Kong, VMS Group, plan to allocate up to $10 million in funds to the strategy operated by decentralized hedge fund Re7 Capital (the allocation scale has not been finalized), marking the first entry of this wealth management institution, which manages nearly $4 billion in assets, into the cryptocurrency space. VMS Managing Partner Elton Cheung stated that this move aims to address the declining liquidity in traditional private equity while responding to clients' increasing demand for digital assets. Zhi Li, head of VMS in London, added that the group is exploring the integration of cryptocurrency payments into its controlled real estate projects in Vietnam and has observed a strong interest from younger family members in compliant digital asset allocations.