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Fortune

Angelica Ang

Raffles Family Office is betting on Asia's stablecoin billionaires

Asia Stablecoins AFRICA blockchain Hong Kong Revo

(Credit: COURTESY OF RAFFLES FAMILY OFFICE)

Asia’s young, self-made billionaires are a decade younger than their American and European peers. Having made their fortunes in tech and crypto—and with larger risk appetites than the “old money” rich—Asia’s nouveau riche manage their wealth very differently.

“What if somebody comes with $100 million of stablecoin? You can’t take them to a local bank,” Chi-Man Kwan, founder and CEO of Singapore and Hong Kong-headquartered Raffles Family Office (RFO), tells Fortune.

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