HSBC launches fund to capture investment opportunities in the metaverse for wealthy Asian clients
Tech News

HSBC launches fund to capture investment opportunities in the metaverse for wealthy Asian clients

HSBC launches fund to capture investment opportunities in the metaverse for wealthy Asian clients

HSBC Holdings As financial service companies tap into the metaverse, has created a fund to capture investment opportunities for its wealthy clients in Hong Kong & Singapore. Silicon Valley The new virtual reality.
In a statement HSBC Its Metaverse Discretionary Strategy portfolio will be managed by its asset management arm and will concentrate on investing in the metaverse ecosystem’s five segments – infrastructure and computing, virtualisation and experience and discovery.

Lina Lim, regional chief of discretionary funds for investments, wealth solutions and funds for investment, stated that “the metaverse ecosystem is still in its early stages.” Asia Pacific, at HSBC. We see many opportunities in this space, as companies of all sizes and backgrounds are joining the ecosystem.

The meta Verse is a virtual network that allows users to interact with each other via different devices. It is now more prominent since Meta, Facebook’s last-year name change to Meta, has brought it into focus to reflect its investment in the sector.

HSBC stated that its discretionary portfolio was for high net worth professionals and accredited investors in Hong Kong and Singapore.

HSBC announced last month that it had purchased a piece of virtual real property in an online gaming area. This makes it the second global bank to make an investment in a metaverse-based platform. JPMorgan Set up a Decentraland presence on blockchain.

HSBC will invest $3.5 billion in its wealth and personal banking businesses to help it achieve its goal of becoming Asia’s largest wealth manager by 2025.

Global wealth managers include UBS And Credit Suisse As countries like India and China increase their headcount,, China And India More millionaires and billionaires were made.

HSBC launches fund to capture investment opportunities in the metaverse for wealthy Asian clients
Click to comment

Leave a Reply

Your email address will not be published.

Most Popular

To Top