VMS Group a major Hong Kong-based multi-family office managing $4 billion is making its first move into crypto. The firm plans to invest up to $10 million in Re7 Capital strategies according to Bloomberg. VMS aims to diversify into more liquid assets as private equity exits have become harder with companies staying private longer.

Elton Cheung managing partner at VMS said this is the right time due to growing demand and stronger government support worldwide. The firm believes clearer regulations and large institutional backing make crypto investment more attractive. VMS has chosen to invest indirectly through Re7 Capital which focuses on generating yield from DeFi and crypto strategies.

Hong Kong regulators have recently supported crypto growth with new policies. This includes allowing professional investors to trade crypto derivatives and approving a bill for fiat-backed stablecoins. The government is also exploring blockchain technology for its central bank digital currency project using Chainlink solutions.

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