British banking institution HSBC, which partnered with the most popular metaverse project, The Sandbox, in March, became the first global bank to join the metaverse with this move.
Continuing its metaverse projects after its partnership with The Sandbox, HSBC announced that it has launched a portfolio that offers the opportunity to invest in the metaverse for private banking customers in the Asian continent.
HSBC Establishes Metaverse Portfolio for Wealthy Clients!
In the statement made, the bank said that their strategy as HSBC is to aim to seize the growth opportunities that will emerge with the development of the metaverse ecosystem in the next ten years. “metaverse technology is expected to be the next iteration of the internet” said.
which will be managed by the bank’s asset management team. “Metaverse Discretionary Strategy” will focus on investing in the metaverse ecosystem in five identified segments.
HSBC said in a statement that the metaverse-focused on-demand portfolio launched is designed for wealthy clients in Hong Kong and Singapore.
Making a statement on the subject, Lina Lim, HSBC’s head of investment and asset services in Asia Pacific, said:
“The Metaverse ecosystem is rapidly evolving, although it is still in its early stages.
As companies of different sizes and backgrounds flock to this ecosystem, we see many exciting opportunities in this space.”
Nicholas Dowell, portfolio manager at HSBC, stated that the metaverse is seen by many as the next phase of the internet.The impact of the Metaverse on our daily lives is expected to be as influential as the internet in the early nineties.” said.