Hong Kong’s ex-Finance Chief John Tsang is joining StashAway, a Singapore-based investment company currently in talks to offer crypto-related products to clients. Those clients, by the way, are becoming the mainstream investors that are putting money in crypto. According to a study by Campden Wealth, 35% of family offices in the Asia Pacific are trying to grow their crypto portfolio in the next year, which is higher than the rest of the world.
To attract new clients, the 70-year-old Tsang will be giving away some of his NFTs on the platform.
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“We’ve had a lot of requests about it, especially because a lot of our investors are younger,” said Stephanie Leung, the head of Goldman Sachs’ Hong Kong operations. “If you look at the older cohorts, they are also interested because of the returns.”
When he left the government in 2017, Tsang said he wanted to work with young people to “disrupt” particular tech industries. “I think StashAway fits really well into that,” he said.
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