HSBC Will Offer A Metaverse Fund To Asian Clients

HSBC will offer a metaverse fund to Asian clients. The service is designed for customers who do not want to buy cryptocurrencies.

HSBC, one of the world's largest banks, is launching an on-demand managed metaverse fund that invests in the virtual world for private banking clients in Asia. UK-based multinational investment bank HSBC has announced that it has launched a fund to offer metaverse opportunities to private banking customers in Hong Kong and Singapore. In a statement, HSBC said, “The metaverse is expected to be the next iteration of the internet.” The bank said the portfolio will be actively managed, focusing on five key areas: infrastructure, computing, virtualization, experience and discovery, and human interface. Nicholas Dowell London, portfolio manager of HSBC Asset Management, made the following statements on the subject: "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." Also, to remind you, HSBC recently stepped into the metaverse with The Sandbox, one of their popular metaverse projects.