Fusang Investment Office to launch crypto custody service in Hong Kong

in cryptocurrency •  9 months ago

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With increasing interests from high-net-worth and institutional clients in cryptocurrencies, Fusang Investment Office, an asset manager focusing on Asian private family offices, is preparing to launch in Hong Kong a crypto-custody service Fusang Vault.

Expected to come on stream in the fourth quarter, chief executive officer Henry Chong said as with a custodian bank in conventional finance, an independent third party was needed in the digital token business which can hold assets on behalf of the clients, and audit these digital assets periodically.

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