HSBC Holdings has launched a metaverse investment portfolio for its high net worth professional investors and accredited investor clients in Hong Kong and Singapore.

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Named the Metaverse Discretionary Strategy portfolio, the fund will be managed by HSBC’s asset management arm, HSBC Asset Management, and aim to provide investors with exposure to new investment opportunities in the metaverse industry.

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In a statement on Wednesday, HSBC said its metaverse portfolio will focus on investing within the metaverse ecosystem across five segments - infrastructure, computing, virtualisation, experience, discovery, and interface.

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"The metaverse ecosystem, while still at its early stage, is rapidly evolving," said Lina Lim, regional head of discretionary and funds for investments and wealth solutions, Asia Pacific, at HSBC. "We see many exciting opportunities in this space as companies of different backgrounds and sizes are flocking into the ecosystem."

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This isn’t the first time HSBC has shown interest in the metaverse, as on March 16th, it became the first global bank to enter The Sandbox after it bought a plot of LAND to engage and connect with sports, esports, and gaming enthusiasts.

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