A multi-family office in Hong Kong, managing $4 billion in assets, is reportedly entering the cryptocurrency sector for the first time. The firm plans to invest up to $10 million in Re7 Capital strategies, although the exact amount is still under discussion. According to VMS Group's managing partner, Elton Cheung, this move aims to diversify into more liquid investments, as exiting long-term investments has become increasingly challenging due to companies remaining private longer. Cheung highlighted the growing demand and favorable regulatory environment as key factors for this decision. Instead of directly investing in digital assets, VMS Group will invest indirectly through Re7 Capital, which focuses on yield generation via DeFi and other crypto strategies. Hong Kong has recently implemented regulatory measures to promote crypto innovation, including allowing professional investors to trade crypto derivatives and enabling companies to issue fiat-backed stablecoins. Notably, local firms are beginning to incorporate cryptocurrencies into their treasuries. Read more AI-generated news on: https://app.chaingpt.org/news