HSBC debuts metaverse investment fund in Asia: Report

[ziyanmusk]

Looking to invest in the Metaverse?

Global banking giant HSBC Holdings has rolled out its metaverse investment product for clients in Singapore and Hong Kong.
Global banking giant HSBC Holdings has rolled out its metaverse investment product for wealthy clients in Singapore and Hong Kong, according to multiple media reports.

Called the Metaverse Discretionary Strategy portfolio, the new product is managed by HSBC’s asset management arm, HSBC Asset Management. The fund aims to provide high net worth professional investors and accredited investor clients with exposure to new investment opportunities in the metaverse industry.

According to a Wednesday report by Reuters, HSBC’s metaverse fund will focus on investment within five major segments in the metaverse ecosystem; namely, infrastructure, computing, virtualization, experience and interface.

[TomPluz]

As what I keep on saying before, major banks and financial firms could not hold back their curiosity and eagerness to make some good money with the coming of the Metaverse on the scene. Right now, there are major brands that are already making their stake in the Metaverse and they are making millions out of it...as early as today when metaverse is just starting to grow. So I am not wondering why HSBC is making its presence felt in the market provided by Metaverse...they know this is an opportunity they should never miss. Now, can we expect similar financial institutions doing the same? I bet yes.

[cheezcarls]

It’s good that they are testing the waters of metaverse considering that there are risks as well. But as the old saying goes, there’s no success if we aren’t doing anything like afraid of taking risks. HSBC doesn’t want to be left behind. While other major companies are already exploring the metaverse, it’s a good thing that HSBC is gonna follow suit.