According to Foresight News, Victory Securities announced the successful launch of Victory VSG Virtual Asset Multi-Strategy Fund, the first Web3 multi-strategy fund in Hong Kong that can accept stablecoin subscriptions, becoming the first compliant fund launched by a virtual asset investment company licensed by the Hong Kong Securities and Futures Commission and accepting stablecoin subscriptions. The fund will be advised by Virtual Seed Asset Management (Hong Kong) Co., Ltd. (VSG) as an investment advisor and hosted on a licensed virtual asset exchange in Hong Kong underwritten by a large insurance institution.