John Tsang Joins the Advisory Committee of StashAway

John Tsang, former Hong Kong’s former financial secretary joins StashAway. Tsang is the new advisor of at StashAway where he is planning to release his own non-fungible tokens (NFTs) to attract new customers to the company.

Following Tsang’s new role at the advisory committee, part of his unique 3,000 “Choi Yeah” NFT collection will be given for free to new clients that invest at least HK$50,000 (approximately $8,500).

John Tsang said on his NFT collection, “My collaborator in this NFT project is Yosuke Yamauchi. In sharing this collection of 3,000 “Choi Yeah NFT” with the people of Hong Kong.

“I hope to contribute some positive energy to the city. I shall also be sending out some gifts to my NFT recipients. They include six items over the course of the coming 12 months. ‘Choi Yeah NFT’ owners will also be invited to activities concerning the Web 3.0 universe.”

source: facebook

Tsang worked in worked in Hong Kong’s civil service for many years. He also acts as a senior advisor at Bowtie, an online medical insurance company.

StashAway is based in Singapore and has $1.36 billion in assets. Sequoia Capital is among StashAway’s investors. In 2020 StashAway launched its operations in Hong Kong, seeking a regulatory approval for offering digital assets to institutional and retail investors.

StashAway has approximately15 employees in Hong Kong, more wealth advisers customer service representatives are expected to be hired.

Stephanie Leung who is heading the operations in Hong Kong, “We’ve had a lot of requests about it [cryptocurrencies], especially because a lot of our investors are younger.

“If you look at the older cohorts, they are also interested because of the returns.”

Campden Wealth APAC Family Offices Findings

According to Campden Wealth, 38% of  Asia-Pacific (APAC  ) family offices are planning to increase their cryptocurrency exposure. The global average is only 28%.

Even though only 19% invest in  cryptocurrencies  , 53% of family offices in APAC view cryptocurrency as ‘a promising investment.’ Only 33% of family offices in Europe view crypto as a sounding investment and in the United States only 43%.

It may also explain why HSBC metaverse fund is available exclusively for wealthy clients in Hong Kong and Singapore. Hong Kong Monetary Authority are planning to introduce new crypto regulations by July 2022.

80% of family offices in APAC are investing in private equity, 77% will consider increasing their investments in their home region.

John Tsang, former Hong Kong’s former financial secretary joins StashAway. Tsang is the new advisor of at StashAway where he is planning to release his own non-fungible tokens (NFTs) to attract new customers to the company.

Following Tsang’s new role at the advisory committee, part of his unique 3,000 “Choi Yeah” NFT collection will be given for free to new clients that invest at least HK$50,000 (approximately $8,500).

John Tsang said on his NFT collection, “My collaborator in this NFT project is Yosuke Yamauchi. In sharing this collection of 3,000 “Choi Yeah NFT” with the people of Hong Kong.

“I hope to contribute some positive energy to the city. I shall also be sending out some gifts to my NFT recipients. They include six items over the course of the coming 12 months. ‘Choi Yeah NFT’ owners will also be invited to activities concerning the Web 3.0 universe.”

source: facebook

Tsang worked in worked in Hong Kong’s civil service for many years. He also acts as a senior advisor at Bowtie, an online medical insurance company.

StashAway is based in Singapore and has $1.36 billion in assets. Sequoia Capital is among StashAway’s investors. In 2020 StashAway launched its operations in Hong Kong, seeking a regulatory approval for offering digital assets to institutional and retail investors.

StashAway has approximately15 employees in Hong Kong, more wealth advisers customer service representatives are expected to be hired.

Stephanie Leung who is heading the operations in Hong Kong, “We’ve had a lot of requests about it [cryptocurrencies], especially because a lot of our investors are younger.

“If you look at the older cohorts, they are also interested because of the returns.”

Campden Wealth APAC Family Offices Findings

According to Campden Wealth, 38% of  Asia-Pacific (APAC  ) family offices are planning to increase their cryptocurrency exposure. The global average is only 28%.

Even though only 19% invest in  cryptocurrencies  , 53% of family offices in APAC view cryptocurrency as ‘a promising investment.’ Only 33% of family offices in Europe view crypto as a sounding investment and in the United States only 43%.

It may also explain why HSBC metaverse fund is available exclusively for wealthy clients in Hong Kong and Singapore. Hong Kong Monetary Authority are planning to introduce new crypto regulations by July 2022.

80% of family offices in APAC are investing in private equity, 77% will consider increasing their investments in their home region.

Source: https://www.financemagnates.com/executives/john-tsang-joins-the-advisory-committee-of-stashaway/