Revo Digital Family Office Secures Hong Kong Licenses for Crypto Asset Management

Revo Digital Family Office, a subsidiary of Singapore-based Raffles Family Office, said Monday it has obtained licenses from Hong Kong's Securities and Futures Commission (SFC) to provide advisory services and asset management for digital assets alongside traditional investments.

The SFC granted Revo Digital Family Office Type 4 and Type 9 licenses, which authorize advising on securities and asset management respectively. The approval allows the firm to manage client portfolios that include cryptocurrencies and other digital assets under Hong Kong's regulatory framework.

"Our approach to digital asset is grounded in the same values that define a traditional family office – putting stewardship, accountability and client interests first," William Chow, responsible officer at Revo Digital Family Office and deputy group chief executive of Raffles Family Office, said in a statement on Monday.

The licenses enable Revo Digital Family Office to offer discretionary portfolio management services that combine digital assets with conventional investments. Clients retain ownership of assets through secure platforms or custodians while the firm handles portfolio construction, risk management and rebalancing according to institutional standards.

Ray Tam, co-founder of Revo Group, described the approval as extending the family office and external asset manager model to digital assets. "This approval extends the family office and external asset manager model into digital assets without altering our fiduciary mindset, while creating a scalable platform that provides end-to-end services catering to the growing needs from ultra-high-net-worth individuals and families," Tam said.

Revo Digital Family Office positions itself as the first digital multi-family office in Asia. The firm serves ultra-high-net-worth individuals and families seeking exposure to cryptocurrencies and digital assets within professionally managed portfolios. Raffles Family Office operates wealth management services for high-net-worth clients across Asia. The firm did not disclose assets under management or provide details on client numbers for its digital asset services.