Singapore’s Lee Family Scions Push Crypto Forward With New Funds

Descendants of two of Singapore’s most prominent families are stepping up their involvement in digital assets.

Whampoa Group, a multi-family office anchored by directors of the Lee family who founded Oversea-Chinese Banking Corp. and Amy Lee, the niece of the city-state’s founding prime minister, want to grow her asset management business for digital investments. He plans to raise $50 million for a crypto-related hedge fund and is looking to deploy $100 million for a venture capital fund in the same space, Whampoa co-founder and CEO Shawn Chan said. in an interview.