{
  "id": 16178950,
  "title": "Raffles Family Office is building a wealth manager for Asia’s stablecoin billionaires",
  "url": "https://urgent.news/2026/10/23/raffles-family-office-is-building-a-wealth-manager-for-asias",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-23T09:44:21.000Z",
  "source": {
    "name": "Fortune",
    "slug": "fortune",
    "url": "https://fortune.com/2026/10/23/raffles-family-office-stablecoins-rwanda/"
  },
  "original_language": "en",
  "account": "Raffles Family Office (RFO), a firm specializing in wealth management for Asia's emerging billionaires, is developing a digital assets-focused division to serve clients with substantial holdings in stablecoins. With younger self-made billionaires in Asia managing their wealth through digital currencies like Bitcoin and Ethereum, traditional finance institutions have struggled to accommodate these assets. In 2022, RFO launched Revo, a digital assets-focused multi-family office, and obtained licenses from Hong Kong's Securities and Futures Commission to offer professional portfolio management for digital assets. A 2026 survey revealed that 86% of family offices have begun incorporating crypto assets into their investment strategies, despite regulatory and reporting challenges. RFO, which currently serves high-net-worth individuals across six Asian cities, has recently expanded its reach to Kigali, Rwanda, by co-hosting a family office symposium and appointing a principal to drive investment flows between Asia and Africa. Kwan predicts that Africa could overtake Asia as the world's fastest-growing continent by 2050, driven by a growing African population and increased earning and spending power.",
  "summary": "Younger billionaires are more likely to store their wealth on the blockchain.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}