“Grey area” wealth: Why private banks’ crypto reluctance is a boon for Hong Kong MFOs

Private banks and traditional institutions are turning away a growing segment of crypto-wealthy ultra high and high net worth (U/HNW) individuals due to compliance fears and legacy infrastructure, creating a lucrative advisory gap for agile multi-family offices (MFOs), 313 Family Office CEO Alexandra Shen tells Asian Private Banker. Alexandra Shen, 313 Family Office “If a client is crypto-heavy, many institutions…

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