New Products
Raffles Family Office Launches Asian Revo Digital Family Office
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The Pan-Asian wealth manager introduces next-generation wealth management platform, boosting connectivity among partners across both traditional and digital assets in a unified ecosystem.
Raffles Family Office launched Revo Digital Family Office this week, the first of its kind in Asia that enables ultra-high net worth families to access and invest in digital assets from a consolidated wealth management platform.
This next-generation platform is built on Raffles FO’s expertise
at servicing the UHNW segment, and Hong Kong-listed Huobi
Technology Holdings’ industry-leading technology and in-depth
knowhow, the firm said in a statement.
In Asia, three in four wealthy investors are interested in
digital assets, with over half already investing in this emerging
asset class, Accenture’s Asia Affluent Investor Survey shows.
Blockchain technology is also well poised to revamp legacy
systems and processes in wealth management with better security
and efficiency, the firm added. Nevertheless, most wealth
management firms in Asia are not equipped to meet the growing
appetite for digital assets, and the majority do not have a
strategic plan to navigate the evolving landscape, the firm
said.
Welcoming the move, Revo DFO CEO Ray Tam said: “The growing
interest in digital assets shown by UHNW investors in Asia
presents new opportunities for the wealth management industry,
but it is at risk of being overlooked and underserved.”
“Revo DFO is designed with the needs of both traditional and digital asset wealth holders in mind, aiming to serve as the bridge and spur connectivity among partners across both traditional and digital assets in a unified ecosystem,” he added.
“The platform will support cryptocurrencies and digital asset
funds, with professional management and options to trade
independently. It also provides crypto-native UHNWs an easier
path to traditional asset management, with access to relationship
managers and improved succession planning for the next
generation,” he said.
The Revo DFO platform gathers UHNW investors, single family
offices, and relationship managers in a unified ecosystem,
providing a one-stop solution that offers aggregator, independent
asset management, gatekeeper, and private wealth advisory
services to both UHNW families with traditional assets and
crypto-native investors, the firm said.
The signature fiat-cryptocurrency integrated dashboard can
provide portfolio breakdown and analysis, real-time market
information, historical data breakdown, and product/fund selector
all in one place, the firm continued.
At launch, the platform will support major custodians and digital
wallets, and provide asset management services for both
traditional (USD, structured products, investments) and digital
(USDC, BTC, NFT) assets.
Raffles Family Office Group chairman Chi-man Kwan said: “We
understand that UHNW clients want greater and easier access to a
wider range of digital assets, but are at times held back by
concerns over complexity, uncertainty, and legitimacy.”
“We recognise the significant role blockchain technology and
digital assets will play in preserving, growing, and transferring
wealth in the future. The launch of Revo DFO marks the latest
evolution in wealth management that will support and facilitate
smooth transition from traditional to digital for UHNW families
in Asia,” he continued.