Key Takeaways
- • Revo Digital Family Office, a subsidiary of Raffles Family Office, has secured Type 4 and Type 9 licences from Hong Kong's Securities and Futures Commission (SFC) to provide digital asset portfolio services.
- • The Type 4 and Type 9 licences allow Revo to advise on securities and conduct asset management covering both digital assets, including cryptocurrencies, and traditional investments.
- • Revo will offer UHNW clients the option to integrate digital assets into portfolios through discretionary mandates, with client assets retained via secure platforms or custodians.
- • Raffles Family Office Group CEO Chi Man Kwan characterised the approval as a milestone showing digital assets can be managed within established wealth management frameworks.
- • Revo was launched in late 2022 in response to growing digital asset interest among wealthy Asian investors.
Summary
Revo Digital Family Office (Revo), a subsidiary of Raffles Family Office, said it has obtained licences from Hong Kong's Securities and Futures Commission (SFC) to provide digital asset portfolio services. The company holds Type 4 (advising on securities) and Type 9 (asset management) licences, which permit it to advise and manage both digital assets, including cryptocurrencies, and traditional investments.
Chi Man Kwan, Group CEO of Raffles Family Office, said the approval "demonstrates that digital assets can be managed within established wealth management frameworks alongside traditional investments." He added that the approval reflects Hong Kong's ambition to position itself as a regulated digital asset hub, and that the licences should encourage greater operational maturity and coordination among banks, custodians and virtual asset trading platforms.
Revo said it will now offer clients the option to integrate digital assets into their portfolios through discretionary mandates, while clients retain ownership of assets via secure platforms or custodians. Ray Tam, co-founder of Revo Group, said the approval extends the family office and external asset manager (EAM) model into digital assets without altering the firm's fiduciary approach, and creates a scalable platform offering end-to-end services for ultra-high-net-worth individuals and families.
Raffles Family Office launched Revo in late 2022 on the back of growing interest in digital assets from wealthy investors in Asia. The source material does not disclose the value of assets under management or specific fee terms associated with the new service.
Chi Man Kwan, Group CEO of Raffles Family Office, said the approval "demonstrates that digital assets can be managed within established wealth management frameworks alongside traditional investments." He added that the approval reflects Hong Kong's ambition to position itself as a regulated digital asset hub, and that the licences should encourage greater operational maturity and coordination among banks, custodians and virtual asset trading platforms.
Revo said it will now offer clients the option to integrate digital assets into their portfolios through discretionary mandates, while clients retain ownership of assets via secure platforms or custodians. Ray Tam, co-founder of Revo Group, said the approval extends the family office and external asset manager (EAM) model into digital assets without altering the firm's fiduciary approach, and creates a scalable platform offering end-to-end services for ultra-high-net-worth individuals and families.
Raffles Family Office launched Revo in late 2022 on the back of growing interest in digital assets from wealthy investors in Asia. The source material does not disclose the value of assets under management or specific fee terms associated with the new service.
Go deeper than the headline
Research every firm in this story, track the ones that matter and get the daily briefing — free for 7 days.