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Asian family offices target stablecoin billionaires; Raffles Family Office expands into digital asset wealth management

BlockBeats reports,October 23, according to Fortune magazine, Singapore- and Hong Kong-headquartered Raffles Family Office (RFO) is accelerating its expansion into digital asset wealth management, targeting Asian high-net-worth individuals who have accumulated wealth through technology and cryptocurrencies.RFO Its founder and chief executive officer, Chi-Man Kwan, said that if clients hold 100000000 USD stablecoins, traditional local banks may be unable to meet their related financial service needs. As more young billionaires store their wealth on the blockchain, even if assets are denominated in USD, they may be held in the form of stablecoins, and traditional financial institutions urgently need to adapt to this trend.RFO established 2022 a digital asset multi-family office, Revo, focusing on digital asset wealth management. This year,February, Revo obtained the relevant license from the Hong Kong Securities and Futures Commission, enabling it to provide both digital asset and traditional portfolio management services. A 2026 survey by Ocorian found that 86%of family office heads and senior executives had incorporated crypto assets into their investment strategies, but regulatory and reporting requirements remain one of the main obstacles preventing traditional family offices from increasing their crypto asset allocations. Chi-Man Kwan expects that stablecoins may become an important tool for people’s daily transactions over the next years, and wealth management institutions need to prepare in advance.

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