Hong Kong's new crypto regs are attracting interest of family offices

Marcus Baram
Author Marcus Baram

Marcus Baram is a contributing editor at Crain Currency, where he covers the intersection of finance and politics. Prior to joining Crain Currency, Baram was a staff writer at Fast Company and an editor at Huff Post. He has also written for outlets such as The New York Times, The Atlantic, and Vice. Baram is an expert on economic policy and has a deep understanding of the ways in which politics shapes the global financial system. In his role at Crain Currency, he brings a unique perspective to the complex and ever-evolving world of finance. With his keen analysis and clear writing, Baram helps readers make sense of the important issues impacting the economy today.

Aug 11, 2023
1 year ago

Hong Kong's new licensing regime, which allows retail investors to trade cryptocurrencies with large market capitalizations and high liquidity such as bitcoin and ether, is attracting the interest of family offices. Previously, only professional investors could trade on the exchanges, reports Asian Investor.

Zee Kwan, the chief investment officer and managing partner of Revo Digital Family Office, said the new license is a "game changer for the ecosystem," adding "The investors' comfort that comes along with regulatory clarity is where they could see the most value in Hong Kong's virtual asset regime."

Family offices in Asia are particularly active in the sector, allocating between 1% to 5% of their portfolios in digital assets — through direct investments, options, and structured products and digital asset funds.

Marcus Baram
Author Marcus Baram

Marcus Baram is a contributing editor at Crain Currency, where he covers the intersection of finance and politics. Prior to joining Crain Currency, Baram was a staff writer at Fast Company and an editor at Huff Post. He has also written for outlets such as The New York Times, The Atlantic, and Vice. Baram is an expert on economic policy and has a deep understanding of the ways in which politics shapes the global financial system. In his role at Crain Currency, he brings a unique perspective to the complex and ever-evolving world of finance. With his keen analysis and clear writing, Baram helps readers make sense of the important issues impacting the economy today.