A $4 Billion Hong Kong Family Office Makes First Crypto Foray

A money manager to some of Hong Kong’s richest individuals will start investing in crypto, as more favorable regulations attract a wider array of investors to the digital-asset sector.

VMS Group,a multifamily office with just under $4 billion in assets under management, plans to allocate up to $10 million to strategies run by decentralized-finance hedge fund Re7 Capital, said VMS managing partner Elton Cheung in an interview. He added that the size of the allocation hasn’t been finalized.

The decision is part of recent moves by VMS to diversify into more liquid investments, Cheung said. The firm has ...