VMS Group, a family office of Hong Kong with just under $ 4 billion in assets under administration (AUM), is venturing in cryptography for the first time, Bloomberg reported Monday.
The firm has allocated to $ 10 million to investment strategies administered by the Decentralized Finance Coverage Fund (DEFI) Re7 Capital, said partner Elton Cheung to the News organization.
VMS seeks to diversify in more liquid investments, said Cheung. Its investment strategy has been largely focused on private capital during its existence of two decades. Private capital has become less liquid because investors choose to stay private for longer, he added.
Cheung also cited a clearer regulatory treatment of digital assets in numerous jurisdictions, as well as a growing institutional demand as factors to enter cryptography.
VMS did not respond to Coindesk’s request to make more comments.
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