HSBC Holdings, one of the world’s largest banking and investment institutions, recently launched a fund for investing in the Metaverse for clients across Asia, Reuters reported on Wednesday. The portfolio aims to attract high and ultra-high net worth investors and their clients from Hong Kong and Singapore, the report revealed. Metaverse investors in the two countries are set to profit from HSBC’s Metaverse Discretionary Strategy portfolio. Digital wealth management group FinaMaze also opened a similar smart portfolio in February to explore investment opportunities for the Metaverse. The Abu Dhabi Global Market (ADGM) firm developed the portfolio with machine learning algorithms and customer input, with assets across numerous Metaverse firms and common cryptocurrencies.

Source: Libya Today April 08, 2022 12:21 UTC