Raffles Family Office targets Asia's crypto rich and provides wealth management services for large stablecoin assets On October 23rd, according to Fortune, Raffles Family Office (RFO), headquartered in Singapore and Hong Kong, is offering a wealth management service that is more suitable for stablecoin holders to the new generation of cryptocurrency tycoons in Asia. RFO founder and CEO Chi Man Kwan stated that the traditional private banking system still has significant limitations in accepting large amounts of stablecoin wealth, such as customers holding stablecoins worth $100 million often being unable to directly manage their traditional wealth through local banks. The report points out that a considerable portion of the wealth of the new generation of Asian billionaires comes from the technology and cryptocurrency industries. Compared with the traditional "old money" group in Europe and America, they are younger and have a higher risk appetite, which also drives wealth management institutions to accelerate the adjustment of products and services to meet the needs of cryptocurrency customers.