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By Jamie Crawley|Edited by Sheldon Reback
Jun 24, 2025, 8:55 a.m.
- VMS Group, a Hong Kong family office with just under $4 billion in assets under management, is venturing into crypto for the first time.
- The firm has earmarked up to $10 million to investment strategies run by DeFi hedge fund Re7 Capital.
- VMS wants to diversify into more liquid investments, according to partner Elton Cheung.
VMS Group, a Hong Kong family office with just under $4 billion in assets under management (AUM), is venturing into crypto for the first time, Bloomberg reported on Monday.
The firm has earmarked up to $10 million to investment strategies run by decentralized finance (DeFi) hedge fund Re7 Capital, partner Elton Cheung told the news organization.
STORY CONTINUES BELOW
VMS is looking to diversify into more liquid investments, Cheung said. Its investment strategy has largely been focused on private equity during its two-decade existence. Private equity has become less liquid because investees are choosing to stay private for longer, he added.
Cheung also cited clearer regulatory treatment of digital assets in numerous jurisdictions as well as growing institutional demand as factors in stepping into crypto.
VMS did not respond to CoinDesk’s request for further comment.
Read More: Hong Kong Set to Allow Crypto Derivatives Trading
Jamie has been part of CoinDesk’s news team since February 2021, focusing on breaking news, Bitcoin tech and protocols and crypto VC. He holds BTC, ETH and DOGE.
