.HSBC has introduced a metaverse fund for wealthy clients in Asia to capture early opportunities arising from the next iteration of the internet. By willcanny99
, when it bought a plot of land to engage with sports, e-sports and gaming fans. The total addressable market for the metaverse economy could be as large as $13 trillion by 2030, Citi said in a report last week.
The portfolio will be actively managed, with a focus on five key areas: infrastructure, computing, virtualization, experience and discovery, and human interface, the bank said. The strategy will be exclusive to HSBC’s high net worth and ultra-high net worth professional and accredited investor clients in Asia. It will be managed by HSBC Asset Management.The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a
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