Hong Kong family office plans up to $10M investment in DeFi hedge fund

VMS Group, a wealth manager serving some of Hong Kong’s billionaire families across sectors from real estate to conglomerates, is planning to invest as much as $10 million in strategies managed by decentralized finance (DeFi) hedge fund Re7 Capital. In an interview with Bloomberg, managing partner Elton Cheung said the firm, which oversees roughly $4 billion in assets, has not yet determined the final amount of the allocation.