Latest news with #Re7Capital
Yahoo
5 days ago
- Business
- Yahoo
Trump's World Liberty Gains Another International Crypto Partner
(Bloomberg) -- World Liberty Financial Inc. is entering into a partnership with an arm of Re7 Capital, a decentralized-finance hedge fund based in London that is set to receive up to $10 million in investment from Hong Kong family office VMS Group. Philadelphia Transit System Votes to Cut Service by 45%, Hike Fares US Renters Face Storm of Rising Costs Squeezed by Crowds, the Roads of Central Park Are Being Reimagined Mapping the Architectural History of New York's Chinatown US State Budget Wounds Intensify From Trump, DOGE Policy Shifts No financial terms were disclosed. The Trump family affiliated decentralized finance platform plans on launching a USD1 stablecoin vault on Euler and Lista with Re7 Labs, the innovation arm of Re7 Capital, according to a joint statement between World Liberty Financial and Re7. The move is a part of a larger initiative to scale World Liberty's USD1 on Binance's BNB Chain, the decentralized blockchain ecosystem of the world's largest crypto platform. 'This collaboration reflects a shared commitment to building the next generation of DeFi infrastructure—where stability, transparency, and capital efficiency converge,' said Evgeny Gokhberg, founder of Re7 Capital. 'Working alongside World Liberty, Euler, and BNB Chain, we're advancing a model for stablecoin adoption that meets the expectations of both crypto-native and institutional users.' VMS Group, a money manager to some of Hong Kong's richest individuals, is making its first foray into crypto with its investment into Re7 Capital, Bloomberg News reported this week. Re7 has said it uses a market-neutral strategy through which it earns yield by providing liquidity on DeFi exchanges and by lending stablecoins — while using hedging to mitigate price swings. On Thursday, United Arab Emirates based Aqua 1 Foundation said it bought $100 million of World Liberty tokens, the second Middle East-based investor to put money into the platform. The investment will make the little known crypto fund the largest individual investor of the Trump-backed digital asset project, surpassing crypto entrepreneur Justin Sun, who's also an adviser to World Liberty. In May, MGX, a technology investment firm established by Abu Dhabi's sovereign wealth fund, used World Liberty's USD1 stablecoin to facilitate its $2 billion investment in Binance. Last month, the US Securities and Exchange Commission moved to end its legal battle against Binance, the latest sign of the regulator's dramatic shift in how it polices cryptocurrency. The regulator and the exchange's co-founder Changpeng Zhao filed a joint motion to stay the case in the US District Court for the District of Columbia. The move followed a joint request in February to pause the lawsuit for 60 days. America's Top Consumer-Sentiment Economist Is Worried How to Steal a House Inside Gap's Last-Ditch, Tariff-Addled Turnaround Push Apple Test-Drives Big-Screen Movie Strategy With F1 Luxury Counterfeiters Keep Outsmarting the Makers of $10,000 Handbags ©2025 Bloomberg L.P. Fehler beim Abrufen der Daten Melden Sie sich an, um Ihr Portfolio aufzurufen. Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten
Bloomberg
5 days ago
- Business
- Bloomberg
Trump's World Liberty Gains Another International Crypto Partner
World Liberty Financial Inc. is entering into a partnership with an arm of Re7 Capital, a decentralized-finance hedge fund based in London that is set to receive up to $10 million in investment from Hong Kong family office VMS Group. No financial terms were disclosed. The Trump family affiliated decentralized finance platform plans on launching a USD1 stablecoin vault on Euler and Lista with Re7 Labs, the innovation arm of Re7 Capital, according to a joint statement between World Liberty Financial and Re7. The move is a part of a larger initiative to scale World Liberty's USD1 on Binance's BNB Chain, the decentralized blockchain ecosystem of the world's largest crypto platform.
Yahoo
25-06-2025
- Business
- Yahoo
Hong Kong Family Office VMS to Allocate Up to $10M to First Crypto Play: Bloomberg
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. 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 in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
South China Morning Post
24-06-2025
- Business
- South China Morning Post
Hong Kong family office VMS Group makes first foray into cryptocurrency
A money manager to some of Hong Kong 's richest individuals will start investing in cryptocurrency , as more favourable regulations attract a wider array of investors to the digital-asset sector. VMS Group , a multifamily office with just under US$4 billion in assets under management, plans to allocate up to US$10 million to strategies run by decentralised-finance hedge fund Re7 Capital, said VMS managing partner Elton Cheung in an interview. He added that the size of the allocation has not been finalised. The decision is part of recent moves by VMS to diversify into more liquid investments, Cheung said. The firm has largely focused on private equity and other longer-duration strategies since it was founded two decades ago. While those investments have performed well, such types of assets have become less liquid as more companies opt to stay private for longer, making it more difficult to exit, he said. VMS, which helps manage money for some of the city's billionaire families from property to conglomerates, runs funds that invest in various sectors including internet and pharmaceuticals . In 2023, it teamed up with a former executive from the Hong Kong-headquartered artificial intelligence company SenseTime Group to look for early-stage investments in the technology. Cheung declined to identify VMS' clients.
Business Times
23-06-2025
- Business
- Business Times
A US$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 favourable regulations attract a wider array of investors to the digital-asset sector. VMS Group, a multifamily office with just under US$4 billion in assets under management, plans to allocate up to US$10 million to strategies run by decentralised-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 finalised. The decision is part of recent moves by VMS to diversify into more liquid investments, Cheung said. The firm has largely focused on private equity and other longer-duration strategies since it was founded two decades ago. While those investments have performed well, such types of assets have become less liquid as more companies opt to stay private for longer, making it more difficult to exit, he said. VMS, which helps manage money for some of the city's billionaire families from property to conglomerates, runs funds that invest in various sectors including internet technology and pharmaceuticals. In 2023, it teamed up with a former executive from Chinese artificial-intelligence company SenseTime Group to look for early-stage investments in AI. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up Cheung declined to identify VMS's clients. Digital assets, meanwhile, have been gaining in popularity since Donald Trump was elected to the White House in November with a pro-crypto agenda that he's since begun enacting. Bitcoin has rallied about 50 per cent since the election, and a blockbuster initial public offering by stablecoin issuer Circle Internet Group this month has added to the momentum. 'We thought this was the right time because of growing demand and because we see clearer legislative and government support from various jurisdictions, as well as large institutional support and endorsement,' Cheung said. Moving into crypto Wealth managers are taking steps to accommodate rising crypto adoption among their clients. JPMorgan Chase & Co. plans to let wealth-management customers use some cryptocurrency-linked assets as collateral for loans, Bloomberg News reported this month. VMS opted to to make its crypto foray through Re7 rather than investing directly in tokens like Bitcoin to limit volatility, Cheung said. Re7 uses a market-neutral strategy through which it earns yield by providing liquidity on decentralised exchanges and by lending stablecoins — while using hedging to mitigate price swings. 'The reason investors keep coming back to crypto is the asymmetry of risk and return,' Re7 Capital founder Evgeny Gokhberg said in an interview. 'Typically, people think about asymmetry in crypto as 'lose it all or make a 100x'.' That's 'rarely a fit for a serious allocator with a reputation to lose.' Re7 has consistently generated double-digit yields since its inception in 2021, Gokhberg said without providing exact figures. VMS has been also exploring partnerships with digital-asset payments and infrastructure projects, said Zhi Li, who joined VMS in London in December 2023 to lead investing in this area. That includes studying whether it can integrate crypto-based payments at a Vietnam real estate project it currently operates as majority shareholder. 'There is very strong institutional and family interest in getting regulated digital asset exposure,' Li said. 'We have seen the younger generation of families wanting to do something different.' BLOOMBERG
