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According to information from the bank, the Metaverse Discretionary Strategy portfolio aims to seize the opportunities created from breakthroughs such as the Internet.
HSBC, the world's leading bank, is launching a portfolio of virtual world discretionary investment management funds for private banking partners in Asia. The bank claims this strategy will help take advantage of global opportunities from the development of the Metaverse ecosystem over the next decade, and expressed hope that Metaverse will be a turning point like the Internet.
Metaverse is a space created from virtual reality technology combined with augmented reality (virtual reality interaction) and the internet. In March, HSBC announced it had become the first bank to join The Sandbox by owning a virtual plot of land in it. In a report last week, Citi said the total market available for the Metaverse economy by 2030 could be as high as $13 trillion.
The portfolio of investment management will be actively managed, focusing on five main areas: infrastructure, computing, virtualization, experience and discovery, human interface. This strategy will be dedicated to HSBC's large, professional investment partners with high net worth and very high net worth in Asia. The list is managed by HSBC Asset Management.
