Value Partners Hong Kong Limited, a subsidiary of Value Partners Group Limited, a prominent independent asset management company in Asia, has entered into a Memorandum of Understanding (MoU) with Venture Smart Financial Holdings Limited (VSFG), Hong Kong’s first Securities and Futures Commission (SFC) approved virtual asset manager. The collaboration aims to introduce innovative investment solutions connecting virtual assets with traditional investment vehicles for both retail and institutional investors.
The partnership responds to the rapidly evolving and popular virtual assets landscape, witnessing an increased demand for virtual asset investment solutions in Hong Kong. The joint efforts of Value Partners and VSFG seek to contribute to Hong Kong’s growth as a leading International Virtual Assets Centre. As a part of this collaboration, the companies are exploring the launch of a spot bitcoin Exchange-Traded Fund (ETF) in Hong Kong, aiming to secure first-mover advantages.
The proposed spot bitcoin ETF will be structured to track the spot prices of Bitcoin, providing investors with a novel and innovative method to access and participate in the asset’s performance through traditional financial infrastructures. The ETF is expected to offer increased flexibility, transparency, and liquidity, catering to both retail and institutional investors.
Value Partners, with over 30 years of experience in asset management in Hong Kong, brings expertise in various investment products, including ETFs. VSFG, as the first virtual asset manager in Hong Kong, launched the city’s first regulated bitcoin fund in June 2020, contributing crucial experience and technical know-how to the success of the ETF.
June Wong, CEO at Value Partners, expressed excitement about the strategic partnership with VSFG, focusing on bringing digital investment solutions to investors amid the prevailing trend of virtual assets. The plan to launch a spot bitcoin ETF marks the first collaborative initiative, providing Hong Kong investors exposure to the world’s largest digital asset.
Lawrence Chu, Chairman at VSFG, highlighted the rapid evolution and great potential of the global virtual asset landscape, emphasizing the positive momentum for the virtual asset realm in Hong Kong. The joint efforts with Value Partners on developing a spot bitcoin ETF aim to support Hong Kong’s aspiration to become an international virtual assets centre.
Value Partners is one of Asia’s leading independent asset management firms, specializing in value investing in Greater China and Asia. Since its establishment in 1993, the company offers world-class investment services and products and became the first asset management firm to be listed on the Main Board of the Hong Kong Stock Exchange in November 2007.
VSFG is a global financial services platform headquartered in Hong Kong, integrating traditional wealth management with the future of finance. In 2020, VSFG became the first virtual asset manager in Hong Kong approved by the Securities and Futures Commission (SFC) to manage portfolios investing in crypto assets.
Read other stories: Sygnum Raises Over $40 Million in Strategic Growth Round, Led by Azimut Holding