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HSBC Launches Portfolio on Metaverse for Rich Asian Clients

HSBC Holdings Plc has launched a fund for metaverse opportunities for its private banking clients in Hong Kong and Singapore, as the U.K. lender wades further into the $800 billion virtual reality market. 

The discretionary portfolio managed by HSBC Asset Management focuses on investing in companies within the metaverse ecosystem and “aims to capture the growth opportunities globally over the next decade,” the London-based bank said in a statement.