UK-based multinational investment bank and financial services company HSBC Holdings Plc has launched a fund to offer metaverse opportunities to private banking clients in Hong Kong and Singapore, while aiming to further advance in the UK virtual reality market.
HSBC Focuses on Investing in Companies in the Metaverse Ecosystem
The London-based bank said in a statement that the discretionary portfolio managed by HSBC Asset Management focuses on investing in companies in the metaverse ecosystem and He stated that he aims to seize global growth opportunities in the metaverse in the next ten years.
Last month, HSBC took its first step into the metaverse after joining the virtual universe by purchasing a site for sports, esports and gaming enthusiasts. Despite CEO Noel Quinn saying earlier that the bank has no plans to launch a cryptocurrency trading desk or use digital currencies as investments in clients, the bank continues to make some attempts in this area.
HSBC Asset Management portfolio manager Nicholas Dowell made the following statements in London;
“The metaverse is seen by many as the next stage in the evolution of the internet and is expected to have an impact on our daily lives.”
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