20 July 2023 (Hong Kong) – To support the development of Hong Kong into a leading Asian family office hub, Venture Smart Financial Holdings Limited ("VSFG") joined hands with FamilyOfficeHK of InvestHK to organize roadshows to promote family office businesses, developing Hong Kong into a leading global family office hub. 

In March 2023, the Hong Kong Government (“Government”) issued the Policy Statement on Developing Family Office Businesses in Hong Kong, setting out its policy stances and measures for developing a vibrant ecosystem for global family offices and asset owners. The policy measures aim to create a conducive and competitive environment for the businesses of global family offices and asset owners to thrive in Hong Kong. 

To attract more family offices to Hong Kong, VSFG planned to co-organize a series of roadshows in major cities in the Mainland China to promote Hong Kong as a preferred destination of choice for family offices. Organized by VSFG with full support from FamilyOfficeHK of InvestHK, the roadshow series themed “Hong Kong Family Office Dinner Seminar”, has been officially commenced at the beginning of this month. 

The first roadshow was held in Shenzhen, which welcomed a group of Ultra-High-Net-Worth Individuals who are interested in setting up  family offices in Hong Kong. Experts from different fields were invited to share the unique advantages and opportunities of Hong Kong as a wealth management center, the tax policy of the Government for family offices operating in Hong Kong, as well as the importance of setting up a family office for a family.

Speaking at the dinner seminar, Mr. Lawrence Chu, Chairman of VSFG, said, “VSFG has been working closely with FamilyOfficeHK of InvestHK to proactively promote the development of family office businesses in Hong Kong.” Mr. Chu also thanked FamilyOfficeHK of InvestHK for the continuous support, making the event a great success. 

Jason Fong (1).png

Mr. Jason Fong, Global Head of Family Office of InvestHK explained the policy measures that aim to create a conducive and competitive environment for the businesses of global family offices and asset owners to thrive in Hong Kong.

When sharing the unique advantages of Hong Kong as a wealth management center, Mr. Jason Fong, the Global Head of Family Office of InvestHK, pointed out, “Hong Kong is Asia's greatest and global's second largest cross-border private wealth management center. As of the first half of 2022, Hong Kong is home to over 15,000 ultra-high-net-worth individuals, surpassing New York and Los Angeles, which makes it naturally the preferred choice of location for global family offices.” Mr. Fong also explained how Hong Kong can fully meet the needs of developing a family office business. 

Representatives from PwC Hong Kong were invited to explain wealth planning, family office and family governance in detail. “There are many different forms of family offices, but in general, family offices are a professional team dedicated to serving families. By setting up a family office in Hong Kong, profits earned from qualifying transactions can be exempted from Hong Kong profit tax,” said a representative of PwC Hong Kong.

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Mr. George Chan, Managing Director of VSFG, explained the importance of family offices.

When elaborating on the importance of family offices, Mr. George Chan, Managing Director of VSFG, said, “Entrepreneurs in China are now facing many family and investment risks. Establishing a family office can help entrepreneurs manage risks and improve their abilities to seize investment opportunities.” 

With the full support from FamilyOfficeHK of InvestHK, VSFG will continue collaborating with them to co-organize a series of roadshows in the Greater Bay Area and will gradually expand to other cities in the Mainland China, as well as the participating countries and regions in the Belt and Road initiative. VSFG is determined to actively cooperate with the Government to promote the development of family office businesses in Hong Kong and develop Hong Kong into a premier hub for family offices in Asia. 

VSFG and FamilyOfficeHK of InvestHK join forces to organize roadshows to promote Hong Kong as a preferred destination of choice for global family offices

1 July 2023 (Hong Kong) – Venture Smart Financial Holdings Limited ("VSFG"), the first SFC-approved virtual asset manager in Hong Kong, announced today that its Chairman Lawrence Chu has been appointed as a non-official member of the Task Force on Promoting Web3 Development (“Task Force”) newly established by the Government of the Hong Kong Special Administrative Region (“Government”). The term takes effect starting from today, for two years. 

In October 2022, the Government issued the Policy Statement on Development of Virtual Assets (VAs) in Hong Kong, setting out the policy stance and approach towards the sector. Since VAs are an integral part of the Web 3.0 ecosystem, the Financial Secretary announced the establishment of the Task Force in the 2023-24 budget.

Joining the Task Force chaired by the Financial Secretary, Lawrence will be working with other non-official members from the relevant market sectors, key government officials, and financial regulators concerned to provide recommendations on the sustainable and responsible development of Web3 in Hong Kong.

For more information including the membership list, please refer to the Government’s press release at 

VSFG Chairman Mr. Lawrence Chu Appointed as a Non-official Member of the Task Force on Promoting Web3 Development

12 Jun 2023 (Hong Kong) – Venture Smart Financial Holdings Limited ("VSFG"), the first SFC-approved virtual asset manager in Hong Kong is delighted to announce its sponsorship of the “DOUBLE DUCKS by Florentijn Hofman” (“DOUBLE DUCKS”) project, the large-scale public art exhibition organized by local creative brand AllRightsReserved (ARR). Partnering with its Web3 and NFT partner, DOTTED, the mobile-first Web3 platform backed by Animoca Brands, VSFG will collaborate on the distribution of the exclusive “DOUBLE DUCKS with Hong Kong Signature Icons" digital collectibles to promote happiness in Hong Kong this summer and drive the mass adoption of virtual assets in the city. 

The “DOUBLE DUCKS with Hong Kong Signature Icons” series was unveiled to the public earlier this month, captivating both local citizens and tourists with its unique charm. The project's organizer, ARR, recognised the tremendous popularity of the series and subsequently transformed the motifs into a collection of blockchain-powered official digital collectible collection as a free giveaway to the public to further promote intellectual property in the era of Web3 and widespread ownership. As the proud sponsor of the "DOUBLE DUCKS" project, VSFG is excited to collaborate with its Web3 & NFT partner, DOTTED, in distributing these official digital collectibles. 

Limited Editions of six digital artworks showcasing iconic Hong Kong elements, such as the city's taxis, pineapple bun, Choi Hung Estate, the Space Museum, the Big Buddha and the Bun Festival, will be made available to the public through DOTTED. Starting from now until July 12, 2023, participants can register on DOTTED's "DUCKble The Joy, DUCKble The Fun" campaign website for a chance to win an exclusive DOUBLE DUCKS digital collectible. For more information and details on how to participate, please visit DOTTED's campaign website at: 

“As a company rooted in Hong Kong and dedicated to fostering its growth as a global virtual asset hub, we are thrilled to lend our support to the “DOUBLE DUCKS” project. Our aim is to not only spread joy within Hong Kong and beyond, but also to promote virtual asset to a wider audience,” said Lawrence Chu, Chairman of VSFG. “By distributing the “DOUBLE DUCKS” digital collectibles, we hope to offer the masses a glimpse into the world of virtual assets and help them take their first step into this exciting space.”

Bosco Lin, Co-Founder and CEO of DOTTED, also expressed excitement about the collaboration, "We're honored to partner with VSFG in this project that bridges the realms of Web2 and Web3. At DOTTED, our mission is to champion Web3 and facilitate the widespread adoption of virtual assets. Our involvement in this project serves as a testament to our dedication in achieving this goal."

Venture Smart Financial Holdings Limited (VSFG) is a financial services platform in Hong Kong.

VSFG strives to integrate traditional wealth management with the future of finance.  In 2020, Venture Smart Asia Limited, subsidiary of VSFG, became the first virtual asset manager in Hong Kong approved by HKSFC to manage portfolios that may invest up to 100% of assets in crypto assets.  VSFG is dedicated to the research and development of products and services that can integrate traditional and virtual assets under a compliant regulatory framework, helping individuals and institutions to allocate their assets in an orderly manner in both traditional and virtual worlds. In addition, VSFG and its affiliated companies are committed to proactively developing and delivering relevant services to promote the development of both family office businesses and virtual assets, shoring up Hong Kong’s position as a global financial centre.  For further information on VSFG, please visit 

DOTTED is simplifying digital ownership and empowering Web3, that is built and based out of Hong Kong. We provide an NFT-first visual experience that is tailored to your phone. Our suite of services and tools help crypto natives, newbies, businesses and anyone with an internet connection manage all their digital assets in a single place. For more information, visit 


The DTTD App is available to the public to download from the Apple App Store or Google Play Store here: 

Dutch artist Florentijn Hofman (b. 1977) aims to challenge the audience’s comfortableness by recasting the simple perspective on quotidian objects. The familiarity and positivity from the artwork allows the public to explore art in an affable way. Subsequently he crafts these into clear and iconic images; oddly oversize “toy” that alienate and unsettle through their sheer size and use of materials, such as Rubber Duck (2007): an inflatable giant-sized representation of a rubber duck bath-toy that has been seen in harbou	rs across the world, from France to Brazil, New Zealand to Hong Kong, and from Pittsburgh to even Santiago in Chile. They are immediately identifiable and have an instant appeal. 

The attention Hofman gives to his surroundings lets him examine the possibility of material and explore the essence and beauty of form and shape. He expands his imagination by merging the local culture into his artwork and evoking the missing interaction. 

Social engagement and intercommunication are key elements of Hofman's creation. Hofman generates an encounter for the audience to his universal aesthetic by sharing his drive for sculpture in public space. The joy he creates allow audiences to abandon the idea of races and religions and enter conversations with the artworks. By enlarging the creation Hofman aims to reflect the equability and insignificance of oneself. 

Hofman is best known for his playful gigantic urban installations like the giant rubber duck, the massive rabbit and many more. His works have been exhibited in more than 20 locations over the world and have become one of the most recognizable forms of urban art to date. The Dutch artist has taken his monumental Rubber Duck on a world tour and visited Hong Kong in 2013 - curated by the creative brand AllRightsReserved (ARR). For the 10th anniversary, his floating pop-art icon is returning as two enormous ‘Double Ducks’, reunite with citizens and tourists at the Victoria Harbour. 

Hofman attended the Academy of Fine Arts in Kampen, The Netherlands in 2000; then followed his MFA from the Kunsthochschule Weissensee in Berlin, Germany. 

Founded in 2003, AllRightsReserved (ARR) is a creative brand consistently reaching out to wherever creativity occurs. Being a vanguard of the art and cultural scene, ARR pushes the boundaries of art and challenges the confines of the medium. 

World-renowned artist KAWS has been an important partner of ARR for over a decade. Shortly after they joined forces in 2010, the duo generated tremendous excitement and worldwide acclaim for works that transcend creativity and expectation. The ongoing world tour of KAWS:HOLIDAY has visited Seoul, Hong Kong, Tokyo, Bristol, Singapore, Changbai Mountain, Melbourne, and even Outer Space. 

Over the years, ARR has embellished public landscapes by curating various projects ranging from art installations, art projects, and exhibitions to partnering with a mélange of leading collaborators and artists from diverse backgrounds – they include the cities’ most recognisable exhibition with Yayoi Kusama “DOTS OBSESSION - SOUL OF PUMPKIN” in 2007, to four permanent colossal outdoor installations in China; global art exhibitions with contemporary artists Yusuke Hanai, Joan Cornellà in Shanghai and Japan to Yu Nagaba and Verdy in Hong Kong; large-scale immersive art projects of “Rubber Duck Project - HK Tour,” “1600+ Pandas World Tour” to “Light Rose Garden HK.” ARR continues to articulate artists’ stories in a never-ending continuum of creativity. 

In addition, ARR has designed and curated exclusive marketing campaigns for numerous renowned international brands, including luxury car brand Rolls-Royce, streaming platform Netflix, and beloved characters like Doraemon and Snoopy. Together with the brands, ARR expands the limits of art and sets the pace for creative trends. 

ARR offers a forward hybrid e-commerce and tangible marketplace experience to its consumers, DDT Store, which positions the creative brand as the pre-eminent contemporary art destination. DDT Store offers extraordinary pieces of pristine quality, from limited edition works in print and  sculpture forms to unique art pieces with meticulous detailing. It presents the results of meticulously studied collaborations, bringing to every art lover's home a slice of the energy and vibrancy fuelling creative lifestyles everywhere. 

ARR constantly explores the definition of art and remains committed to fostering the work. In honour of ARR's 20th Anniversary, “Beyond Creatorhood,” a range of exclusive collaborations partnering up with long-time artists and friends will be rolled out, marking the 20-year journey of creation. 

Strategic Financial Relations Limited

Cindy Lung / Brigid Lee / Cynthia Ng　


VSFG Proudly Sponsors the “DOUBLE DUCKS” Project and Partners with DOTTED on the Official Digital Collectible Collection to Drive Web3 Mass Adoption

29 May 2023 (Hong Kong) – To support Hong Kong’s position at the forefront of the global virtual asset (“VA”) space, a group of VA industry leaders in the city and around the world have come together to form a non-profit association that serves as an active conduit between industry practitioners, regulators, and participants in the industry.  The association, named Hong Kong Licensed Virtual Asset Association (“HKLVAA” or the “Association”), aims to be a forum for collaboration and coordination between leaders and key stakeholders in the VA industry in Hong Kong and around the world who are seeking to establish a presence in the city, and to help facilitate the development of Hong Kong as a leading international VA hub. 

HKLVAA was co-initiated and chaired by Mr. Lawrence Chu, Chairman of 

. Its subsidiary, Venture Smart Asia Limited, is the first SFC-approved virtual asset manager. Mr. Chu remarked: “We are thrilled to establish this association in Hong Kong to promote a stronger dialogue between those currently in the VA industry, traditional institutional firms, clients and supervisory bodies. We have always seen opportunities for VA development, but a lack of clarity has often prevented market participants from entering this space.  By leveraging our collective expertise, resources and influence, we can help build a more robust and sustainable ecosystem for VA in Hong Kong that will benefit clients, investors and market participants around the world.” 

Among the founding members of the Association are SFC-licensed corporations with an uplift or approval for VA activities in Hong Kong, including but not limited to 

. Other core members include those who are applying for SFC licences for VA-related activities, such as 

, as well as other global industry players, for instance 

, a global leader in metaverse and blockchain games, and other companies such as 

“We’re excited to support HKLVAA to help develop industry standards and guidelines to promote compliance with regulatory requirements and best practices, whilst continuing to foster innovation resulting from new technologies and business models,” said Mr. Michel Lee, Executive President of HashKey Digital Asset Group Limited, a member of the corporate group behind HashKey Pro, one of the first virtual asset exchanges in Hong Kong to obtain a licence from the SFC. 

Mr. Kennix Chan, Executive Director of Victory Securities Company Limited, also expressed enthusiasm to be one of the founding members of HKLVAA, stating: “Our team is looking forward to working alongside all industry pioneers to build a sustainable and inclusive VA ecosystem that benefits all stakeholders.” Victory Securities Company Limited is the first licensed corporation to be permitted to provide the full spectrum of virtual asset dealing and advisory services in Hong Kong and which has recently obtained approval of the SFC to manage investment funds comprising up to 100% virtual assets.

AGAM, a specialised digital asset manager, welcomed the establishment of the Association. “We are thrilled to be part of this important industry initiative to propel the VA industry forward by bringing together key stakeholders, facilitating collaboration, and promoting best practices.” said Mr. Gavin Ho, Strategy Director of AGAM. 

 will serve as the Secretary General of the Association. Mr. Henry Yu, founding partner of HYA and one of the first blockchain lawyers in Hong Kong, is excited about the establishment of the Association and is happy to take on a role in the Policy Committee, stating: “Regulations and standards are always important. Through HKLVAA, we are happy to help coordinate and formulate VA-related directives, and, at the same time, provide public education on the latest guidelines and trends in the industry.” 

The establishment of HKLVAA reflects the growing importance of VA in Hong Kong and the need for a more coordinated approach to regulation in this emerging industry. To play an active role in the industry, HKLAVAA will provide input on government, legislative and regulatory policy consultations and proposals in order to help develop norms and standards for the VA industry, while holding regular meetings and events to facilitate dialogue and information sharing among its members. The Association hopes that by working together to build a stronger and appropriate regulatory framework, it can help position Hong Kong as a leading international VA hub, and cement Hong Kong’s position in building the future of finance.  

Member application is now open. More details and the official launch date of the Association will be announced in Q3, 2023.

For more information, please contact Natalie Ko (

Hong Kong Licensed Virtual Asset Association (“HKLVAA”) is a non-profit association that serves as an active conduit between industry practitioners, regulators, and new participants in the industry.  It aims to be a forum for collaboration and coordination between leaders and key stakeholders in virtual asset industry in Hong Kong and around the world who are seeking to establish a presence in the city.   HKLVAA hopes that by working together to build a stronger and appropriate regulatory framework, it can help position Hong Kong as a leading international virtual asset hub.  

Virtual Asset Industry Leaders Launch Association in Hong Kong to Provide a Forum for Collaboration, whilst Spearheading the Best in Both Commercial Innovation and Sound Protection

Hong Kong SAR, May 18, 2023 – The Hong Kong Monetary Authority (HKMA) has shortlisted a financial solution in a secured lending product backed by tokenized real assets for participation in the inaugural e-HKD Pilot Programme. This proposed solution is led by Boston Consulting Group (BCG), HKT Payment Limited and ZA Bank. They will be joined by paywith.glass and Venture Smart Financial Holdings Limited (VSFG) as a consortium to collectively develop and evaluate this application, leveraging the potential programmability feature of e-HKD.

The consortium will bring together key players from various industry verticals to foster long-term e-HKD development, leveraging their collective cross-industry experience and ensuring a diverse range of perspectives. The initial focus will be on leveraging e-HKD's potential features to empower new applications in a secured lending product, as part of the e-HKD Pilot Programme.

The e-HKD Pilot Programme is part of HKMA's strategic three-rail approach to prepare for potential e-HKD implementation. Rail 1 focuses on establishing the necessary technological and legal foundations, while Rail 2, running concurrently with Rail 1, is aimed at conducting in-depth exploration of e-HKD use cases and addressing implementation and design issues. Rail 3 concerns the rollout of e-HKD.

Saurabh Tripathi, Managing Director & Senior Partner and Global Leader of Financial Institutions Practice at BCG remarked: "We are thrilled to support the impressive e-HKD development in Hong Kong. Retail Central Banking Digital Currency (CBDC) is a significant development in the financial system, and we're eager to share our expertise to support the exploration of e-HKD benefits for retail use cases.”

Susanna Hui, Group Managing Director at HKT, stated: "As an advocate of FinTech and digital economy, HKT is delighted to be a partner of this project and leverage our experience from Tap & Go to facilitate Web3.0 development and explore potential e-HKD use cases in Hong Kong.”

Paul Sisnett, CEO & Co-Founder at paywith.glass, commented: "We are dedicated to apply our experience from other markets to support the use case development of e-HKD through the e-HKD Pilot Programme." 

Lawrence Chu, Co-Founder & Group Executive Chairman at VSFG, stated: "Introducing an enhanced form of money requires meticulous planning. We anticipate this cross-industry collaboration will generate valuable data to facilitate e-HKD assessment."

Ronald Iu, CEO of ZA Bank, shared: “ZA Bank has always been at the forefront of Hong Kong’s FinTech development. It is an honor to team up with leading industry players to support the HKMA’s e-HKD initiative. This also marks another step of our journey towards the ‘Banking for Web3’ ambition for building an inclusive financial ecosystem.”

Boston Consulting Group partners with leaders in business and society to tackle their most important challenges and capture their greatest opportunities. BCG was the pioneer in business strategy when it was founded in 1963. Today, we work closely with clients to embrace a transformational approach aimed at benefiting all stakeholders—empowering organizations to grow, build sustainable competitive advantage, and drive positive societal impact.

Our diverse, global teams bring deep industry and functional expertise and a range of perspectives that question the status quo and spark change. BCG delivers solutions through leading-edge management consulting, technology and design, and corporate and digital ventures. We work in a uniquely collaborative model across the firm and throughout all levels of the client organization, fueled by the goal of helping our clients thrive and enabling them to make the world a better place.

HKT Payment Limited, a wholly-owned HKT Limited subsidiary, was granted the stored value facilities license by the Hong Kong Monetary Authority in 2016, and provides mobile payment service in Hong Kong under the Tap & Go brand.

Tap & Go is the first mobile wallet in Hong Kong incorporating Mastercard, UnionPay, FPS and Tap & Go closed-loop payment, allowing users to make payments seamlessly and reliably over a secured app as the city moves fast towards a cashless society. With its extensive local merchant network, users can enjoy spending at more than 100,000 points of sale including physical stores and online platforms. Tap & Go users can also enjoy the convenience of seamless payment in China including transportation and flexible conversion between HKD and RMB anytime, anywhere. 

paywith.glass is the world's first intelligent Digital Currency/Electronic Payment (iDC/EP) infrastructure. It combines Artificial Intelligence, Blockchain and Distributed Cloud technologies in a design built to the strict service level standards that are required for critical telecommunications infrastructure. It relies on the use of both open source tools as well as proprietary distributed technologies for both the storage of the data and the routing of digital messages.

The technology is then backed by a network of human and AI-based specialists who carry out continuous monitoring and support of all underlying systems. The globally scalable and extensible multi-Central Bank Digital Currency (mCBDC) architecture embeds advanced real-time compliance, self-sovereign digital ID and support for self custody of assets, meeting the needs of today's instant world and of tomorrow's digitally native generation.

The resulting network and Financial Market Infrastructure (FMI) exceed the capabilities of legacy payments networks including well established global DLT solutions and as a result, already provides the supporting infrastructure to power the digital sterling pilot via the Digital FMI Consortium in the UK.

paywith.glass promotes a truly inclusive digital economy, to empower billions of people to transact instantly with full compliance, from anywhere on Earth and at any time.


About Venture Smart Financial Holdings (VSFG)

Venture Smart Financial Holdings Limited (VSFG) is a global financial services platform headquartered in Hong Kong, striving to integrate traditional wealth management with the future of finance. 

Venture Smart Asia Limited (VSAL), subsidiary of VSFG, is a corporation licensed by Securities and Futures Commission (SFC) in Hong Kong to engage in Type 1 (dealing in securities), Type 4 (advising on securities) and Type 9 (asset management). In June 2020, VSAL became the first virtual asset manager in Hong Kong approved by HKSFC to manage portfolios that may invest up to 100% of assets in crypto assets.  VSFG is dedicated to the research and development of products and services that can integrate traditional and virtual assets under a compliant regulatory framework, helping individuals and institutions to allocate their assets in an orderly manner in both traditional and virtual worlds. In addition, VSFG and its affiliated companies are committed to proactively developing and delivering relevant services to promote the development of both family office businesses and virtual assets, shoring up Hong Kong’s position as a global financial centre. For further information on VSFG, please visit 

ZA Bank Limited (“ZA Bank”), licensed by the Hong Kong Monetary Authority (“HKMA”) on 27 March 2019, is one of the first batch of virtual banks in Hong Kong. On 24 March 2020, ZA Bank officially launched its services to the public, making it the first fully operating virtual bank in Hong Kong. On 22 March 2021, ZA Bank officially launched Business Banking to deliver an innovative banking experience to local small and medium-sized enterprises. ZA Bank was established by ZhongAn Technologies International Group Limited (“ZA International”). With its “Community-Driven” approach, ZA Bank encourages users to directly contribute to its product development and design processes, helping the bank create innovative services that better serve the needs of Hong Kong customers.

Based on market data as of 31 December 2022, ZA Bank has gained the support of more than 650,000 users, becoming the largest virtual bank in Hong Kong in terms of user base with a leading position in the virtual banking industry in terms of customer deposits, assets and income. 

ZA International was established in Hong Kong in December 2017, by ZhongAn Online P&C Insurance Co., Ltd. (HKEX stock code: 6060), an online-only insurtech company in China, to explore international business development, collaboration and investment opportunities in the area of fintech and insurtech in overseas markets.

Secured Lending Application Selected for HKMA's Inaugural e-HKD Pilot Programme for Retail Central Bank Digital Currency (CBDC) Assessment

Leading VSFG to integrate traditional wealth management with the future of finance

Promoting and facilitating the development of Hong Kong as an International        Virtual Assets Centre and Green Finance Hub


16 May 2023 (Hong Kong) – To drive the strategic development of innovative financial services, 

Venture Smart Financial Holdings Limited (hereinafter referred to as “VSFG” or “the Group”) 

officially announced the appointment of 

today. Dr. Lam will lead VSFG to integrate traditional wealth management with the future of finance, and fully support and collaborate with the Hong Kong Special Administrative Region (HKSAR) Government in promoting and facilitating Hong Kong family office businesses and developing the virtual assets sector. This is not only to support Hong Kong's development into an International Virtual Assets Centre and Green Finance Hub, but also more importantly, to shore up the leading position of Hong Kong as an international financial centre.


Dr. Lam has been championing digital transformation, financial technologies, innovation and entrepreneurship, sustainable development, green finance and environmental, social and governance (ESG) investments over the years. Dr. Lam had served as Chairman of Hong Kong Cyberport, a part-time member of the Central Policy Unit of the HKSAR Government, a member of the Committee on Innovation, Technology and Re-industrialisation, a member of the Sir Murray MacLehose Trust Fund Investment Advisory Committee, and a non-official member of the Financial Services Development Council New Business Committee. Currently, Dr. Lam is a member of the Governance Committee of the Hong Kong Growth Portfolio of the HKSAR Government, a non-official member of the HKSAR Government Development Bureau Common Spatial Data Advisory Committee, Chair of the United Nations Economic and Social Commission for Asia and the Pacific (UN ESCAP) Sustainable Business Network (ESBN), Chair of the ESBN Task force on Sustainable and Inclusive Finance, Vice Chairman of the Pacific Basin Economic Council (PBEC), a member of the Belt and Road and Greater Bay Area Committee of the Hong Kong Trade Development Council, and Chairman of the Technology and Innovation Committee of the Belt and Road General Chamber of Commerce.


said, “I have accepted the invitation from Mr. Lawrence Chu, Chairman of VSFG, because we share the same vision for the future development of Hong Kong’s financial industry. We hope to create synergies to attract more family offices from overseas and the Mainland to set up in Hong Kong while also quickly driving the growth and development of virtual assets and green finance in Hong Kong, in order to help enhance the competitive edge of Hong Kong as an international financial centre.” VSFG is the first virtual asset manager in Hong Kong licensed by the Hong Kong Securities and Futures Commission ("SFC"). Far back in 2018, VSFG already initiated a discussion with the SFC on full compliance between traditional and virtual assets to develop innovative financial services. This is in line with Dr. Lam’s view on enhancing Hong Kong’s unique competitive advantages as an international financial centre and promoting and facilitating financial technologies.


, also expressed his sincere appreciation to Dr. Lam for joining and supporting VSFG, “As a farsighted visionary, Dr. Lam has always been driving the integration of the new and traditional economies without neglecting the importance of regulations and corporate governance. As we strive to integrate traditional wealth management with the future of finance, we must achieve full compliance first while effectively linking traditional and virtual assets together. It is of utmost importance to put in place sound internal controls. As a solicitor of the High Court of HKSAR (formerly a member of Hong Kong Bar), a Fellow of the Hong Kong Institute of Arbitrators, the Hong Kong Institute of Directors and CMA Australia, and an Honorary Fellow of CPA Australia, Dr. Lam not only provides us with valuable constructive suggestions on laws and regulations and corporate governance, but also delivers strategic advice on the Group’s sustainable development policies, lifting our service offerings to the next level in a comprehensive manner.”


With his extensive industry experience in corporate governance, strategy consulting, policy advocacy, international cooperation, investment banking, direct investment and asset management, Dr. Lam will provide leadership for VSFG to fully leverage its strengths in participating in the development of Hong Kong as an International Virtual Assets Centre and Green Finance Hub, integrating traditional wealth management with the future of finance, creating new milestones for Hong Kong’s financial development going forwards.


Venture Smart Financial Holdings Limited (VSFG) is a global financial services platform headquartered in Hong Kong.


VSFG strives to integrate traditional wealth management with the future of finance. In 2020, Venture Smart
Asia Limited, subsidiary of VSFG, became the first virtual asset manager in Hong Kong approved by HKSFC to
manage portfolios that may invest up to 100% of assets in crypto assets. VSFG is dedicated to the research and
development of products and services that can integrate traditional and virtual assets under a compliant
regulatory framework, helping individuals and institutions to allocate their assets in an orderly manner in both
traditional and virtual worlds. In addition, VSFG and its affiliated companies are committed to proactively
developing and delivering relevant services to promote the development of both family office businesses and


virtual assets, shoring up Hong Kong’s position as a global financial centre .
please visit www.vsfg.com.


Strategic Financial Relations Limited
Cindy Lung / Brigid Lee / Cynthia Ng
sprg_vsfg@sprg.com.hk


Dr. George Lam Officially Joins VSFG as Honorary Chairman

RMS Titanic, Inc. (RMST), Venture Smart Financial Holdings Ltd (VSFG), the first virtual asset manager in Hong Kong approved by HKSFC, and Artifact Labs, a Web3 company on a mission to 'Preserve and Connect History on the Blockchain', today announced a partnership that will bring the RMS 

 and its physical artifacts into Web3 and fully unlock the intrinsic value of the associated intellectual property by tokenizing the assets.

This creative project will place the legacy of the 

in the hands of the global public by preserving assets from the ocean liner as immutable NFTs and by allowing inclusive participation in RMST, which holds the exclusive rights to recover artifacts from the wreck site. RMST's affiliate, Experiential Media Group (E/M Group), operates 

exhibitions that have been visited by over 30 million people worldwide.

VSFG will take the lead in structuring the tokenization of the intellectual property and also develop tokenized instruments for accredited investors, drawing on its expertise as a licensed virtual asset manager. This will enable compliant capital raising for the ongoing research, recovery, preservation, exhibition, and licensing of RMST's assets.

Artifact Labs will immutably preserve the approximately 5,500 recovered physical artifacts from the 

with its NFT standard for historical assets on the blockchain. Newly recovered relics from future expedition dives will also be minted as 'ARTIFACTs'. The 

NFTs will expand an engaged community of collectors who will contribute to the preservation of maritime history while unlocking exclusive benefits, including VIP events at exhibitions, seminars with historians, and privileged access to one-of-a-kind experiences. Additionally, 

enthusiasts to digitally interact with RMST's content outside of the physical exhibitions.

The debut collection will feature ultra-limited edition NFTs and its buyers will form the first of the 

DAO (Decentralized Autonomous Organization) whose members will participate in select RMST and E/M Group initiatives, including proposals on future dive expeditions to the 

site, development of education programming, digital content and documentaries, research initiatives, partnerships, hosted events, and the strategic direction for the preservation and exhibition of recovered artifacts. The DAO treasury will be managed by members through governance tokens and will be funded by proceeds from 

Commenting on the partnership, the President of RMS Titanic, Inc., Jessica Sanders said, "We remain dedicated to sharing the legacy of the 

, her passengers and crew, with people around the world. As the salvor-in-possession of the 

 wreck site, we are determined to ensure that the Ship's artifacts are preserved in perpetuity and accessible to future generations. We believe that moving into the digital space allows us to reach a broader audience with quality programming that educates and inspires. We are excited to have found the expertise and partners to help us reach those goals."

Lawrence Chu, Founder and Chairman of VSFG, shares this passion; "The 

artifacts have been highly sought after for over a century because of what they represent. Many people in the international community care deeply about preserving the integrity of the original artifacts. We believe this partnership with RMST and Artifact Labs can further this purpose by bringing in Web3 and virtual assets solutions."

Gary Liu, Founder of Artifact Labs, said, "The 

is one of the most treasured pieces of history in the world, and we are privileged to be part of its story. This incredible project will forever preserve the ocean liner on the blockchain and further expand its impact and importance to a global audience. This partnership exemplifies the mission of Artifact Labs and we are delighted to now be among the 

RMS Titanic, Inc. (RMST), a subsidiary of Premier Acquisition Holdings, LLC and an affiliate of Experiential Media Group 'EMG' LLC serves as the exclusive steward of RMS

 which tragically sank on April 15, 1912. The Company is dedicated to preserving the legacy of the Ship, wreck site and all her passengers and crew. Since 1987, RMST has honorably conducted eight expeditions to the wreck of RMS

 exclusively recovering and conserving more than 5,500 artifacts as well as creating comprehensive maps and imaging of the wreck site.

Venture Smart Financial Holdings Limited (VSFG) is a global financial services platform headquartered in Hong Kong. In 2020, Venture Smart Asia Limited (VSAL), subsidiary of VSFG, became the first virtual asset manager in Hong Kong approved by Securities and Futures Commission of Hong Kong (HKSFC) to manage portfolios that may invest up to 100% of virtual assets. VSFG is dedicated to the research and development of products and services that can integrate traditional and virtual assets under a compliant regulatory framework, helping individuals and institutions to allocate their assets in an orderly manner in both traditional and virtual worlds, particularly in the areas of Web 3.0 and metaverse. In addition, VSFG is committed to proactively developing and delivering relevant services to support the development of Hong Kong as a global Virtual Assets Centre; the future of finance starts now.  

Artifact Labs is an independent Web3 and NFT company building blockchain strategies, products, and platforms that serve organizations with historical IP. The company is on a mission to 'Preserve and Connect History' on the blockchain, and enable all guardians of history to maximize the impact of their most valuable assets by tokenizing them as 'ARTIFACTs'. Artifact Labs is a one-stop solution for partners looking to launch unique NFT projects and build in Web3, providing support through advisory services, product development, blockchain engineering, and community management. All 'ARTIFACTs' are connected via a proprietary metadata standard that is governed by the non-profit Artifact Foundation, which allows for the verifiable authentication and global discovery of historical NFTs.

SOURCE Artifact Labs; RMS Titanic, Inc.; Venture Smart Financial Holdings

RMS Titanic, Inc., VSFG, and Artifact Labs Partner To Bring The Titanic Into Web3

Hong Kong (April 14, 2021) - Arrano Capital, its funds being advised/ managed by Venture Smart Asia Limited (“VSAL”), today announced the launch of Arrano Alpha Fund (and its single-legged feeder fund, together the “Fund”), Hong Kong’s regulated actively-managed virtual asset fund. The Fund is structured as a “single-legged” master-feeder structure domiciled in the Cayman Islands and primarily invests in blockchain sector, employing an active event-driven and arbitrage strategy. It may also invest in derivatives and other securities linked to digital assets or cryptocurrencies.

VSAL, subsidiary of Venture Smart Financial Holdings Limited (“VSFG”), regulated entity in Hong Kong to receive a Type 9 asset management licence to manage a portfolio that invest in 10% or more of the gross asset value in virtual assets under the Securities and Futures Ordinance* in April 2020 (“Type 9 VA Licence”), acts as investment manager of the Fund, while Arrano Capital Management (HK) Limited acts as the technical adviser to the Fund. The Fund is the second virtual asset product advised/ managed in Hong Kong by VSAL, the first one being a passive Bitcoin fund launched in mid-2020.

“The objective of the fund is to generate consistent absolute returns while seeking to manage risk effectively and preserve capital in times of market uncertainty.” said Arrano Capital Chief Investment Officer Avaneesh Acquilla. “This fund targets Professional Investors and institutions**.”

The strategy that is being adopted by the fund is the culmination of experience managing cryptocurrency portfolios over the past three years and over a decade of equity long-short experience.

“The fund is designed from the ground up to meet the strict requirements of professional and institutional investors, using comprehensive security and risk management.” said Acquilla. “From our observations since the launch of the Bitcoin fund in mid-2020, I believe there is enormous potential for both passive and active virtual asset products.”

Arrano Capital’s goal is to develop the most innovative investment products while upholding the highest regulatory standards that meet the demands of professional investors seeking to gain access to virtual assets.  For more details, please visit: arranocapital.com.

Venture Smart Asia Limited (“VSAL”), a company incorporated in Hong Kong, is a licensed corporation regulated by the SFC of Hong Kong for types 1 (dealing in securities), 4 (advising on securities) and 9 (asset management) regulated activities pursuant to the Securities and Futures Ordinance. VSAL is licensed by the SFC to manage virtual asset funds (“Type 9 VA Licence”). The funds are available to Professional Investors only (as defined under the Securities and Futures Ordinance). VSAL is a member of Venture Smart Financial Holdings Limited (“VSFG”). For more details, please visit: vsfg.com.

cindy.lung@sprg.com.hk
kay.lau@sprg.com.hk
cara.lau@sprg.com.hk

*VSAL shall comply with the “Proforma Terms & Conditions for Licensed Corporations which Manage Portfolios that Invest in Virtual Assets” (“T&C”) issued by the Securities and Futures Commission on 4 October 2019 and any amendments made to the T&C thereafter.

**Professional Investors are as defined under the Securities & Futures Ordinance. While for institutions, it is subject to the restrictions on distribution. The Shares may not be offered, sold, delivered, or otherwise transferred directly or indirectly in the United States.


Arrano Capital launches SFC regulated actively-managed virtual asset fund

Hong Kong –  3 March 2021 –  BC Technology Group (BC Group), Asia’s leading technology and digital asset company and parent of OSL Brokerage, the only SFC-licensed digital asset brokerage and trading platform for professional investors, announced today that it has signed an MOU with Venture Smart Asia Limited (VSAL), a Hong Kong-licensed asset manager and investment advisory firm, to provide brokerage and related services for VSAL’s Hong Kong-regulated digital asset funds (DigiTrackers Bitcoin and Arrano Alpha Fund). 

The agreement is the first collaboration between the first SFC-approved digital asset manager and BC Group, the parent company of the first SFC-licensed brokerage and exchange in Hong Kong.

Under the MOU, OSL will provide brokerage services, including trade execution and capital introduction services to the Arrano Alpha Fund. 

OSL and VSAL’s blockchain arm, known as Arrano Capital, will also explore opportunities to jointly create digital asset products.

“OSL has long been a regional leader in the digital asset prime brokerage space,” said OSL Head of Distribution and Prime, Matt Long. “As an SFC-regulated brokerage, cooperation with other regulated counterparties is a key part of our business strategy moving forward. Building on our prime brokerage’s leading liquidity and trading capabilities, we’re excited to service VSAL’s regulated funds in Hong Kong.”

In June 2020, VSAL’s Arrano Capital launched Hong Kong’s first regulated cryptocurrency fund, which provides professional investors investment exposure to Bitcoin through a traditional fund structure. VSAL is licensed by the Hong Kong Securities and Futures Commission (SFC) to manage digital asset funds.

“The signing of the MOU with OSL comes at an inflection point in the development of digital assets,” said Arrano Chief Investment Officer, Avaneesh Acquilla. “As Bitcoin continues to gain momentum, institutional investors are rapidly entering the space in search of unique opportunities provided by this emerging asset class. We’re thrilled to be working with an institutional focused player like OSL to help us meet the growing needs of institutional investors.”

VSAL is Hong Kong’s first SFC-approved digital asset manager. This allows VSAL to manage portfolios that invest up to 100% of assets in crypto assets. Without such additional approval, asset management firms can only hold up to 10% of crypto assets in portfolios under management.	

The MOU signing follows OSL’s 15 December announcement that it was the first firm to receive a license from Hong Kong’s Securities and Futures Commission for Types 1 (dealing in securities) and 7 (automated trading systems) regulated activities for digital assets.

About BC Technology Group and the OSL Platform 

BC Technology Group (stock code: HK 863) is Asia’s leading public fintech and digital asset company. It is the parent company of OSL, the region’s most comprehensive licensed digital asset platform. 

OSL is the world’s first and only insured and SFC-licensed digital asset platform, providing brokerage, custody, exchange and SaaS services for institutional clients and professional investors.

The company offers OTC, iRFQ and electronic trading services giving traders access to the world’s deepest liquidity pools, as well as secure and insured wallets to ensure the safekeeping of digital assets with timely transaction settlement. 

BC Group and the OSL platform are enabling institutional adoption of the digital asset class, setting standards for performance, security and compliance.  

About Arrano Capital and Venture Smart Asia Limited				

Arrano Capital is the blockchain arm of Venture Smart Asia Limited (VSAL), which is a company incorporated in Hong Kong and whose registered office is at 23/F, Lee Garden Five, 18 Hysan Avenue, Causeway Bay, Hong Kong, and is a licensed corporation regulated by the Securities and Futures Commission of Hong Kong for types 1 (dealing in securities), 4 (advising on securities) and 9 (asset management) regulated activities pursuant to the Securities and Futures Ordinance. VSAL is a member of Venture Smart Financial Holdings Limited (VSFG). The products mentioned above are available to Professional Investors only (as defined under the Securities and Futures Ordinance).

BC Technology Group and Venture Smart Asia Limited Sign MOU,  OSL to be Brokerage Partner for HK-Regulated Digital Asset Funds 

- Arrano Capital, which is the blockchain arm of Venture Smart Asia Limited, today announced the launch of Hong Kong’s first regulated virtual asset fund. The fund, which tracks the price of Bitcoin, provides Professional Investors (as defined under the Securities & Futures Ordinance) access to Bitcoin through a traditional fund structure. Venture Smart Asia Limited, is licensed by the SFC to manage virtual asset funds.

“This fund comes at a pivotal time for Bitcoin. By bridging the gap between the
regulated finance and virtual asset world, institutions can gain secure access to Bitcoin via a conventional fund structure” said Arrano Chief Investment Officer Avaneesh Acquilla. “We worked in accordance with the SFC guidelines to create a product that is the first of its kind, meets the needs of investors and complies with the highest regulatory standards.”

Acquilla launches the fund following nine years at Och-Ziff Capital Management in Asia. Prior to that he spent seven years at Goldman Sachs and UBS in London.

“Our goal is to create an institutional grade product and, to achieve this, we are
exclusively operating with top tier counterparties” said Acquilla. The fund’s legal
advisers are the award-winning international law firms Simmons & Simmons and Ogier. BitGo Trust Company will be the fund’s custodian. Mainstream Fund Services and Grant Thornton have been selected to support on fund administration and audit services respectively.

The Bitcoin fund is the first of two approvals for Venture Smart Asia Limited, the second will be an actively managed fund scheduled for launch later this year.

“We decided to launch this fund to address market demand from professional investors who are increasingly focused on Bitcoin as an alternative store of value,” said Acquilla. “Going forward, we see enormous potential for further passive and active products.”

About Arrano Capital and Venture Smart Asia Limited

Arrano Capital is the blockchain arm of Venture Smart Asia Limited (VSAL), which is a company incorporated in Hong Kong and whose registered office is at 23/F, Lee Garden Five, 18 Hysan Avenue, Causeway Bay, Hong Kong, and is a licensed corporation regulated by the Securities and Futures Commission of Hong Kong for types 1 (dealing in securities), 4 (advising on securities) and 9 (asset management) regulated activities pursuant to the Securities and Futures Ordinance. VSAL is a member of Venture Smart Financial Group (VSFG). The products mentioned above are available to Professional Investors only (as defined under the Securities and Futures Ordinance).

info@arranocap.com | www.arranocapital.com | www.vsfg.com

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