Bloomberg: VMS Group plans to invest up to $10 million in the crypto hedge fund Re7 Capital

ChainCatcher news, according to Bloomberg, a wealth manager providing financial services to some of the richest individuals in Hong Kong will begin investing in cryptocurrencies, as a more favorable regulatory environment is attracting more investors into the digital asset space.

VMS Group, a multi-family office managing nearly $4 billion in assets, plans to invest up to $10 million in strategies managed by the decentralized finance hedge fund Re7 Capital. VMS managing partner Elton Cheung stated in an interview that the investment amount has not yet been finalized.