Raffles Family Office targets Asia’s stablecoin billionaires with new wealth management services

Asia’s newest billionaires have a problem most people would love to have. Their money is real, but their bank does not always know what to do with it. Raffles Family Office (RFO), a multi-family office headquartered in Singapore and Hong Kong, wants to be the answer. The firm is courting ultra-high-net-worth clients who hold large piles of stablecoins and other digital assets, a group that traditional private banks have often struggled to serve. “What if somebody comes with $100 million of stablecoin? You can’t take them to a local bank,” Chi-Man Kwan, founder and CEO of RFO, told Fortune. A younger, riskier kind of rich The pitch rests on a demographic shift. Asia’s self-made billionaires are a decade younger than their counterparts in the US and Europe, according to Fortune’s reporting. Many built their fortunes in tech and crypto. They also tend to carry a bigger appetite for risk than inherited wealth does. Revo and the licensing push The centerpiece of that strategy is Revo, RFO’s dedicated digital asset platform. The firm launched Revo Digital Family Office in February 2026. That same month, Revo received Type 4 and Type 9 licenses from the Hong Kong Securities and Futures Co...