# VSFG

VSFG is an Asset Manager based in Wanchai, Hong Kong.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Wanchai, Hong Kong
- **Region:** Asia
- **Address:** 23/F, Lee Garden Five, 18 Hysan Avenue, Causeway Bay, Hong Kong
- **Founded:** 2022
- **Assets under management:** Undisclosed
- **Website:** vsfg.com
- **LinkedIn:** https://www.linkedin.com/company/vsfghongkong

## About

1st SFC-approved virtual asset manager in Hong Kong | VSFG is Hong Kong’s first Securities and Futures Commission (“SFC”) approved virtual asset manager, and within this space launched Hong Kong's first SFC-regulated Bitcoin Tracker fund, followed by a cryptocurrency hedge fund. We are dedicated to supporting Hong Kong as an international virtual asset centre, while we aim to integrate traditional wealth management with the future of finance for family offices and institutions.

## Sectors

- Digital Assets
- Blockchain & Crypto
- FinTech

## People

- Lawrence Chu — Co-founder and Chairman

## Questions

### Who runs investment decisions at VSFG?

Lawrence Chu, VSFG's co-founder and Chairman, leads the firm's strategic and investment direction. He brings experience from BlackPine, a private equity firm he founded, and Kenetic, a crypto investment group he co-founded. Day-to-day portfolio management responsibilities for specific vehicles, including the cryptocurrency hedge fund and ETFs, rest with dedicated portfolio managers operating under Hong Kong's SFC licensing framework.

### How is VSFG's spot Bitcoin ETF different from US-listed equivalents?

VSFG's spot Bitcoin and Ethereum ETFs, launched through its partnership with Value Partners Group in 2024, trade on the Hong Kong Stock Exchange under Hong Kong's regulatory regime. Unlike most US spot Bitcoin ETFs, the Hong Kong versions support in-kind subscriptions and redemptions — investors can create or redeem ETF shares directly using Bitcoin or Ethereum rather than only cash. This mechanism appeals to institutional investors seeking reduced slippage and direct crypto-native settlement.

### What is VSFG's relationship with Value Partners Group?

Value Partners Group, one of Hong Kong's largest independent asset managers, serves as VSFG's strategic partner for spot Bitcoin and Ethereum ETFs. The two firms collaborate under Hong Kong's SFC licensing umbrella, combining Value Partners' established ETF infrastructure and distribution reach with VSFG's digital-asset expertise and custody relationships.

### Does VSFG participate in fund commitments or only direct deals?

VSFG pursues both paths. The firm runs pooled vehicles, including the Bitcoin Tracker Fund and a cryptocurrency hedge fund, for liquid crypto exposure. Simultaneously, it makes venture-stage direct investments and co-investments in blockchain infrastructure and applications, and engages in tokenization projects such as the Titanic Artifact tokenization initiative.

### What investment stages does VSFG target in private markets?

VSFG's private-market activity covers venture, growth, and late-stage expansion rounds within the blockchain and digital-asset ecosystem. It also participates in buyout and co-investment opportunities, though the firm's strategy is asset-opportunistic rather than solely stage-driven. Tokenization projects represent an additional, earlier-stage adjacency.

## Related profiles

- [VSC Ecosystem](https://altss.com/profile/vsc-ecosystem)
- [VSUN Capital](https://altss.com/profile/vsun-capital)

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Last updated: 2026-06-03T20:00:00.000Z

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