The family office last month appointed Jeffrey Ma and Peter Huo as co-chief investment officers of Whampoa Digital. Huo was most recently executive director at Binance Labs, the venture capital arm of crypto exchange Binance, while Ma was previously global head of mergers and acquisitions for digital-asset exchange Huobi.
An investment firm tied to two of Singapore’s most well-known families is taking steps to bet on the future of digital assets, despite the chill in the industry.
Whampoa Group, a multi-family office anchored by principals from the Lee family that founded Oversea-Chinese Banking Corp. and Amy Lee, the niece of the city-state’s founding prime minister, aims to deploy about US$100 million ($134.1 million) in Web3 start-ups, through a new venture investment arm. The unit, Whampoa Digital, is seeking ventures that develop blockchain infrastructure and applications that eases the widespread adoption of Web3 technologies.
