A US$4 billion Hong Kong family office makes first crypto foray

VMS Group, a multi-family office managing nearly US$4 billion in assets for some of Hong Kong's wealthiest families, is making its first foray into digital assets with a planned allocation of up to US$10 million into strategies run by London-based DeFi hedge fund Re7 Capital. The move is part of a broader push by VMS to diversify into more liquid investments, having traditionally focused on private equity and longer-duration strategies.

Rather than investing directly in tokens like Bitcoin, VMS chose Re7's market-neutral approach — which earns yield through liquidity provision on decentralised exchanges and stablecoin lending, while using hedging to manage volatility. Re7 founder Evgeny Gokhberg says the fund has consistently generated double-digit yields since its 2021 inception.

The decision reflects growing institutional appetite for crypto following Donald Trump's election and the pro-crypto regulatory environment that has followed. VMS is also exploring crypto-based payments integration across other projects in its portfolio, with managing partner Elton Cheung noting "clearer legislative and government support from various jurisdictions" as a key driver.

For the full article, read here: Bloomberg