Tsangs Group, a family office that "bridges East and West", has signed a strategic partnership agreement with Peregrine, a 3c licensed asset management platform.

Registered and located in the Abu Dhabi Global Market (ADGM), Peregrine is a platform infrastructure for global liquidity, investors and captures opportunities from Sovereign initiatives.

Patrick Tsang, chairman of Tsangs Group, said: “Tsangs Group is the first Far East family office to set up in the Dubai International Financial Centre since 2021; we are pleased to shape our profile with this promising partnership, as Peregrine is banking on the Gulf state’s world class banking infrastructure and connectivity to financial centres like Hong Kong or London.”

Peregrine said it is known for its blockchain based asset tokenisation platform, which has been reviewed by the ADGM’s local regulatory body Financial Services Regulatory Authority (FSRA), and its strategic partnerships with major blockchains.

Simon Goodman, CEO & co-founder of Peregrine, said: “Peregrine views Tsangs Group as a key global strategic partner featuring a world class team with high quality institutional assets and is compelled by the mission to bridge opportunities from East to West.”

Peregrine further said the team is highly complementary to the Peregrine team based in New York, London and Abu Dhabi looking to bring investment opportunities further East.

Peregrine and Tsangs Group were perfectly positioned to bring high quality institutional products to the ADGM using advanced blockchain technology, the statement said.

Paul Salama-Caro, CIO and co-founder of Peregrine, said: “Abu Dhabi is quickly emerging as a key strategic hub in the global digital assets industry, and the Peregrine platform sees itself at the forefront of its evolution. Building relationships in Abu Dhabi and beyond is instrumental to the development of Peregrine in the ADGM and surrounding region.”

Expanding its footprint in Abu Dhabi, Hong Kong-headquartered Tsangs Group said it would cooperate with Peregrine to develop key partnerships and bring meaningful strategic outcomes in a variety of opportunities of significance to Tsangs Group and Peregrine in the Gulf Arab region.