{"id":7364,"date":"2026-10-23T10:13:55","date_gmt":"2026-10-23T10:13:55","guid":{"rendered":"https:\/\/www.vaultinsider.top\/?p=7364"},"modified":"2026-10-23T10:13:55","modified_gmt":"2026-10-23T10:13:55","slug":"raffles-family-office-bets-on-stablecoins-for-asias-young-billionaires","status":"publish","type":"post","link":"https:\/\/www.vaultinsider.top\/?p=7364","title":{"rendered":"Raffles Family Office bets on stablecoins for Asia&#8217;s young billionaires"},"content":{"rendered":"<p><img decoding=\"async\" src=\"https:\/\/fortune.com\/img-assets\/wp-content\/uploads\/2026\/10\/1.jpg?w=2048\" \/><\/p>\n<p>Asia\u2019s young, self-made billionaires are a decade younger than their American and European peers. Having made their fortunes in tech and crypto\u2014and with larger risk appetites than the \u201cold money\u201d rich\u2014Asia\u2019s <em>nouveau riche <\/em>manage their wealth very differently.<\/p>\n<div>\n<p class=\"wp-block-paragraph\">\u201cWhat if somebody comes with $100 million of stablecoin? You can\u2019t take them to a local bank,\u201d Chi-Man Kwan, founder and CEO of Singapore and Hong Kong-headquartered Raffles Family Office (RFO), tells <em>Fortune.\u00a0<\/em><\/p>\n<p class=\"wp-block-paragraph\">Younger billionaires are also more likely to store their wealth on the blockchain, via \u201cnewer currencies\u201d like Bitcoin and Ethereum. \u201cEven if their assets are U.S.-denominated, it\u2019s going to be in stablecoins,\u201d he says.\u00a0Yet Kwan adds that most traditional-finance institutions don\u2019t accommodate these digital currencies.\u00a0<\/p>\n<p class=\"wp-block-paragraph\">In 2022, RFO started Revo, Asia\u2019s first digital assets-focused multi-family office. In February, Revo secured licenses from Hong Kong\u2019s Securities and Futures Commission that allow it to offer professional portfolio management services for digital assets alongside traditional investments.\u00a0<\/p>\n<p class=\"wp-block-paragraph\">A 2026 survey by fund administration provider Ocorian found that family offices are increasingly seeking out digital assets. Eighty-six percent of family-office principals and senior executives are including crypto in their investment strategies. Yet, <em>Wealth Briefing Asia<\/em> notes that regulatory and reporting challenges often stop family offices from fully embracing crypto assets.<\/p>\n<p class=\"wp-block-paragraph\">\u201cTen years from now, people may transact mostly in stablecoins,\u201d Kwan says. \u201cAre wealth managers or family offices like us ready?\u201d<\/p>\n<h2 class=\"wp-block-heading\"><strong>\u2018Upside down\u2019<\/strong><\/h2>\n<p class=\"wp-block-paragraph\">Greater China is minting billionaires at an unprecedented pace. According to the 2026 Hurun Global Rich List, 1,110 of the world\u2019s 4,020 billionaires now hail from China, making it the country with the largest billionaire population. (The U.S. comes a close second, with 1,000 billionaires.)<\/p>\n<p class=\"wp-block-paragraph\">Kwan, who served Chinese clients at banks like Standard Chartered and BNP Paribas, saw China\u2019s growing wealth take shape by the early 2010s. \u201cThere were many Chinese entrepreneurs who were turning private companies public, and becoming billionaires almost overnight,\u201d Kwan recalls. \u201cThey turned Hong Kong\u2019s wealth management sector upside down.\u201d<\/p>\n<p class=\"wp-block-paragraph\">Over the years, Kwan and his team also learned to work with a new breed of younger billionaires. \u201cIt\u2019s easy to speak to someone in their 50s or 60s about legacy planning, because they\u2019re generally married, with children of a certain age,\u201d he explains. \u201cBut if you talk to a billionaire who is 35, they may not even be married yet, so how you cater to them is very different.\u201d<\/p>\n<h2 class=\"wp-block-heading\"><strong>Next stop, Africa<\/strong><\/h2>\n<p class=\"wp-block-paragraph\">RFO now serves high-net-worth individuals (HNWIs) across six Asian cities: Beijing, Shanghai, Singapore, Hong Kong, Taipei, and Bangkok.\u00a0<\/p>\n<p class=\"wp-block-paragraph\">Kwan\u2019s push to expand the family office\u2019s geographical footprint correlates with global wealth flows, as HNWIs worldwide look to diversify their assets across different geographies. According to a report by Boston Consulting Group, global offshore financial wealth jumped 8.4% to $15.7 trillion in 2025.<\/p>\n<p class=\"wp-block-paragraph\">But RFO\u2019s expansion has taken it somewhere unexpected: Kigali, the capital city of Rwanda.<\/p>\n<p class=\"wp-block-paragraph\">In March, RFO co-hosted the inaugural Rwanda Family Office Symposium alongside national economic entities like the Rwanda Development Board (RDB) and the Kigali International Financial Center. Then last month, Kwan appointed former Rwandan Minister of State for Infrastructure Jean de Dieu Uwihanganye as RFO\u2019s principal of emerging markets and business development to drive investment flows between Asia and Africa.\u00a0<\/p>\n<p class=\"wp-block-paragraph\">On Oct. 22, RFO signed a strategic capital mobilization agreement with the RDB, in an attempt to \u201cexpand private sector participation in Rwanda\u201d.<\/p>\n<p class=\"wp-block-paragraph\">Kwan points out that by 2050, potentially a quarter of people will be African. \u201cI wouldn\u2019t be surprised if they someday overtake Asia as the fastest-growing continent in the world,\u201d he says. \u201cThey\u2019ll be the ones with the highest earning\u2014and spending\u2014power.\u201d<\/p>\n<\/div>\n<p>#Raffles #Family #Office #bets #stablecoins #Asias #young #billionaires<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Asia\u2019s young, self-made billio&hellip; <\/p>\n","protected":false},"author":1,"featured_media":7365,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[390,672,479,1009,1338,290,10440,6072,81,3805],"class_list":["post-7364","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance-news","tag-asias","tag-bets","tag-billionaires","tag-cryptocurrency","tag-family","tag-office","tag-raffles","tag-stablecoins","tag-wealth","tag-young"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.1 - 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