HSBC Holdings Plc has launched a fund for metaverse opportunities for its private banking clients in Hong Kong and Singapore, as the U.K. lender wades further into the $800 billion virtual reality market, according to Bloomberg.
The discretionary portfolio managed by HSBC Asset Management focuses on investing in companies within the metaverse ecosystem across five segments – infrastructure, computing, virtualisation, experience and discovery, and interface. HSBC “aims to capture the growth opportunities globally over the next decade,” the London-based bank said in a statement.
„The metaverse ecosystem, while still at its early stage, is rapidly evolving,” said Lina Lim, regional head of discretionary and funds for investments and wealth solutions, Asia Pacific, at HSBC. „We see many exciting opportunities in this space as companies of different backgrounds and sizes are flocking into the ecosystem.”
HSBC said its discretionary portfolio was designed for its high net worth and ultra-high net worth professional investors and accredited investor clients in Hong Kong and Singapore.
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below:
