Fusang Investment Office announced today a restructuring of its family office investment services. All traditional asset services and family investment portfolios will continue to be served by Fusang’s sister company, the Portcullis Group. Fusang will now focus exclusively on FinTech and the digital asset economy.
“This restructuring marks a big day for both Fusang and Portcullis. After working with families over the last three years, we had to evaluate what would be in their best interests and what would be most effective when rolling out the services they were asking for,” said Henry Chong, CEO of Fusang.
Having initiated Fusang’s foray into the digital asset space over a year ago, Chong has been strengthening the team’s technology and operations function, with his eye set on building the leading provider of digital asset financial infrastructure in Asia.
“Families were being well served by our investment team, but as conversations increasingly turned to blockchain technology and the digital economy, we realized that we had a unique opportunity to provide the digital asset economy with secure, compliant and convenient solutions: leveraging off our decades-long experience in providing financial infrastructure to traditional assets.”
Fusang Group will continue to have offices located in Hong Kong, Singapore and Malaysia and is preparing an opportunity for regulated parties and traditional financial institutions to take part in this emerging new space.
“We have some exciting announcements that we will be rolling out over the next few months and look forward to presenting our vision of the future of digital finance,” said Chong.
Fusang Investment Office will be known as Portcullis Investment Office moving forward and will continue to offer families peace of mind with its unconflicted and collaborative approach to investing. Portcullis Investment Office holds a Capital Markets Services licence for Fund Management under the Monetary Authority of Singapore, and Type 4 (Advising on Securities) and Type 9 (Asset Management) licences under the Securities and Futures Commission of Hong Kong