HSBC has launched a Metaverse Discretionary Strategy portfolio that targets investment from Asian high net worth individuals and accredited investors. Rather than a crypto fund, the investment will focus on five segments such as infrastructure, computing, virtualisation, experience and discovery, and interface.
“The metaverse ecosystem, while still at its early stage, is rapidly evolving,” said Lina Lim, HSBC regional head of discretionary and funds for investments and wealth solutions in the Asia Pacific. “We see many exciting opportunities in this space as companies of different backgrounds and sizes are flocking into the ecosystem.”
Last year, Facebook’s name change to Meta catapulted the sector into the spotlight. Last month HSBC announced it had bought an NFT plot of land on blockchain platform The Sandbox. In that case, it is in support of HSBC’s sports sponsorship initiatives.
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