Multi-family office co-founded by Lee Han Shih looking to sink funds into Web 3.0 and crypto

The group aims to attract third-party capital to a private-market digital asset fund and a public-market hedge fund

Chan said: "Our founders have been investing in this (digital asset) space for some time, and we could have continued this way. But we're at a point where this is an emerging asset class. We see huge opportunities, not just as an investment, but also for Singapore to play a very important, strategic part in the development of this asset class. It makes the most sense to start looking into this, and to start investing."

Whampoa's intention is not to simply provide passive capital, but to get a front-row seat in terms of driving development and expansion, particularly in emerging markets like South-east Asia. Deep-pocketed partners will help drive this ambition, as well as mitigate concentration...



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