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

(Bloomberg) — Scions from two of Singapore’s most prominent families are boosting their involvement in digital assets.

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, wants to spin out its asset-management business for digital investments. It plans to raise $50 million for a crypto-related hedge fund, and is seeking to deploy $100 million for a venture capital fund in the same space, Whampoa’s co-founder and Chief Executive Officer Shawn Chan said in an interview.